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EXHIBIT 10.15
AMENDMENT TO EMPLOYMENT AGREEMENT
Agreement made and entered into as of the 4th day of January, 1993 by
and between Xxxxxxx Xxxxxxxxx (the "Employee") and Sports Imprints, Inc. (the
"Corporation").
WHEREAS, the Corporation and the Employee are parties to a certain
employment agreement effective as of November 16, 1992 (the "Employment
Agreement"); and
WHEREAS the parties wish to amend the Employment Agreement in
accordance with the terms of Paragraph 5.2 of the Employment Agreement.
NOW, THEREFORE, in consideration of the mutual covenants, terms and
conditions herein contained the parties hereto agree as follows:
1. Paragraph 3.1(b) of the Employment Agreement is hereby amended to
read as follows:
"3.1(b) an annual bonus equal to nine (9%) percent of the first Five
Hundred Thousand ($500,000) Dollars of the Corporation's calandar year
pre-tax earnings (the "Basic Bonus") subject to non-refundable monthly
draws in anticipation thereof in the sum of Four Thousand One Hundred
($4,100) Dollars."
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IN WITNESS WHEREOF, the Parties have executed this Agreement,
effective as of the 16 day of November, 1992.
Signed, Sealed & Delivered
In Our Presence
SPORTS IMPRINTS, INC.
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/s/ Xxxxx Xxxxxxxxx By: /s/ Xxxxxxx Xxxxxx
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President
(CORPORATE SEAL) Attest: /s/ Xxxxxxx Xxxxxx
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Secretary
EMPLOYEE
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/s/ Xxxxx Xxxxxxxxx /s/ Xxxxxxx Xxxxxxxxx
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Xxxxxxx Xxxxxxxxx
