EXHIBIT 10.14
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AMENDMENT TO SENIOR MANAGEMENT AGREEMENT
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THIS AMENDMENT TO THE SENIOR MANAGEMENT AGREEMENT (this "Amendment")
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is made as of February 18, 1999, by and between XXXXXXX.XXX, INC., a Delaware
corporation (the "Company") and M. XXXXXXXX XXXXX ("Executive") (collectively,
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the "Parties").
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Whereas, the Parties entered into that Senior Management Agreement
(the "Agreement") dated January 1, 1999, the Parties now desire to amend the
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Agreement as set forth below.
I. The following section shall be added to the Agreement as Section
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1(e):
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(e) No Public Offering or Sale of the Company.
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In the event the Company does not conduct an initial public offering
or is not sold to another entity on or before June 30, 1999, Executive may be
terminated at the Company's sole discretion, and Executive will receive three
months of her Annual Base Salary, and all Executive options shall immediately
terminate, and Executive will receive no employee benefits.
II. Other than as set forth herein, the Agreement shall remain in
full force and effect.
IN WITNESS WHEREOF, the Parties hereto have executed this Amendment on
the date first written above.
XXXXXXX.XXX, INC.
By: /s/ Xxxxxxx X. Xxxxx
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Xxxxxxx X. Xxxxx
Chairman
/s/ M. Xxxxxxxx Xxxxx
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M. Xxxxxxxx Xxxxx