VACU-DRY COMPANY
000 Xxxxx Xxxxx Xxxx, Xxxxx 000
Xxxxx Xxxx, Xxxxxxxxxx 00000
June 20, 1999
Xx. Xxxx X. Xxxx
c/o Vacu-dry Company
000 Xxxxx Xxxxx Xxxx, Xxxxx 000
Xxxxx Xxxx, Xxxxxxxxxx 00000
Dear Xxxx:
This will confirm our agreement regarding the amendment of your employment
letter dated March 14, 1996 in the following respect:
The provision relating to Termination is amended to read as follows:
In the event your employment is terminated by the company
prior to June 17, 2002, for any reason other than cause or
other than upon your resignation, you shall be entitled to
continued salary at the minimum base salary provided above for
that number of months which remain between the date of
termination and June 17, 2002, but not less than six.
This amendment is subject to the closing of the company's agreement with
Tree Top, Inc. dated June 17, 1999 relating to the sale of the company's
processed apple product line. In the event that transaction does not close, this
amendment to your employment letter shall be null and void.
If the foregoing reflects our understanding, please execute and return to
me the enclosed copy of this letter. Very truly yours,
VACU-DRY COMPANY
By /s/ Xxxxxxx Xxxxxxx
--------------------
Xxxxxxx Xxxxxxx
Vice President
Accepted and agreed to:
/s/ Xxxx X. Xxxx
-------------------------
Xxxx X. Xxxx
