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EXHIBIT 10.3.1
FIRST AMENDMENT TO EMPLOYMENT AGREEMENT
Executed on September 12, 1995 between Xxxxxx Communications Corp., Xxxxxx
Communications, Inc. and Xxxxxx X. Xxxxxx
This first amendment is entered into this 20th day of May, 1999 and is executed
between x.Xxxxxxx Corporation (a Delaware corporation, formerly Xxxxxx
Communications Corp.), x.Xxxxxxx Corporation (a California corporation, formerly
Xxxxxx Communications, Inc.) and Xxxxxx X. Xxxxxx.
Whereas there have been oral modifications to the above referenced agreement
from time to time, the parties wish to acknowledge prior modifications and
waivers as follows:
From the date hereof the compensation (Base Salary) provided by Section 3 of the
agreement shall be fixed at $68,000 per annum for the term of the agreement and
any automatic extensions thereof or until otherwise agreed in writing.
The Employee hereby waives, forfeits and releases the Company from any
obligation for past unpaid or deferred amounts that may be construed by the
terms of the Employment Agreement versus amounts actually paid thereunder.
Other than the modifications above, the terms of the Employment Agreement, as
hereby amended, shall be effective and any prior agreements or understandings
shall terminate.
/s/ XXXXXX X. XXXX
x.Xxxxxxx Corporation
Delaware
/s/ XXXXXX XXXXXX
x.Xxxxxxx Corporation
California
/s/ XXXXXX X. XXXXXX
Xxxxxx X. Xxxxxx
Employee
