Exhibit 10.11
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First Amendment to Employment Agreement
This First Amendment to Employment Agreement (the "First Amendment") dated as of
November ___, 2001 between Dice Inc. (f/k/a EarthWeb Inc.) (the "Company") and
Xxxx X. Xxxxxxx ("Employee");
Whereas, the Company and Employee entered into that certain Employment Agreement
dated as of April 23, 2001 (the "Employment Agreement");
Whereas, the Company and Employee desire to amend certain sections of the
Addendum to Employment Agreement (the "Addendum");
Now, Therefore, for good and valuable consideration, the receipt and sufficiency
of which is hereby acknowledged, the Company and Employee hereby agree as
follows:
1. The third and fourth sentences of Section 3(b) of the Addendum shall be
deleted in their entirety and replaced with the following:
If such Change of Control occurs after the ninety-first day of
Employee's employment with the Company, all outstanding Stock Options
granted to the Employee which are not vested and exercisable as of the
date of such Change of Control shall become vested and exercisable as
of such date and shall remain exercisable for the periods prescribed
in the Stock Option Plan.
2. All capitalized terms used herein that are not defined herein shall have
the meanings ascribed thereto in the Employment Agreement.
3. Except as otherwise expressly amended by this First Amendment to Employment
Agreement, the Employment Agreement remains in full force and effect and
the Employment Agreement as amended herein shall comprise the terms of
Employee's employment with the Company.
AGREED TO BY:
DICE INC. XXXX X. XXXXXXX
Sign: /s/ Xxxxx X. Xxxxxxxx Sign: /s/ Xxxx X. Xxxxxxx
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