Exhibit 10.2
ADDENDUM TO EMPLOYMENT AGREEMENT
This Addendum to Employment Agreement (the "Addendum"), made this 3rd day
of March, 2003, by and between RMH Teleservices, Inc. (the "Company" or "RMH")
and Xxxx X. Xxxxxxx (the "Executive").
W I T N E S S E T H
WHEREAS, RMH and Executive entered into an Employment Agreement dated
October 1, 2000, and executed by Executive on October, 2000 ("Employment
Agreement") governing the terms and conditions of RMH's employment arrangement
with Executive;
WHEREAS, RMH and Executive both agree that the Employment Agreement will be
modified as described below;
WHEREAS, RMH and Executive both agree that the modification discussed in
Paragraph 1 below will be effective retroactively to October 1, 2002;
WHEREAS, both parties agree that no other modifications are being made to
the Employment Agreement; and
NOW THEREFORE, in consideration of the facts, mutual promises and covenants
contained herein, RMH and Executive, intending to be legally bound, agree as
follows:
1. Paragraph 5(b) of the Employment Agreement, regarding an Annual Bonus,
is deleted in full and replaced with the following:
Effective retroactively to October 1,
2002, Executive shall not be guaranteed
an Annual Bonus, but instead shall be
eligible for an Annual Bonus, if any, in
accordance with the terms, conditions
and restrictions of the Management Bonus
Program, if any, for the relevant fiscal
year and which will be determined by the
Compensation Committee of the Board
2. All other provisions of the Employment Agreement continue to be
binding as stated within the Employment Agreement and are incorporated herein.
IN WITNESS WHEREOF, the parties have duly executed and delivered this
Agreement in Newtown, Pennsylvania as of the date first written above.
UNDERSTOOD AND AGREED,
INTENDING TO BE LEGALLY BOUND:
By: /s/ Xxxxxx X. Xxxxxx (SEAL) By: /s/ Xxxx X. Xxxxxxx (SEAL)
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Title: Chairman, Compensation Xxxx X. Xxxxxxx
Committee, Board of Directors
Witness: Witness:
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