AMENDMENT 2 TO THE XXXXXXX X. XXXX/XXXX COMPANY
AMENDED AND RESTATED EMPLOYMENT AGREEMENT
DATED AS OF DECEMBER 19, 1997.
THIS AMENDMENT is made by and between Xxxx Company ("XXXX"), a Wisconsin
corporation with its principal place of business in West Bend, Wisconsin, and
Xxxxxxx X. Xxxx, ("Employee") as of April 19, 2000.
RECITALS
WHEREAS, XXXX and Employee wish to amend the Employment Agreement between
the parties dated December 19, 1997, previously amended as of December 18,
1998.
NOW, THEREFORE, in consideration of the mutual promises and agreements
set forth herein, the parties agree as follows:
Section 5, Change in Control, shall be revised as follows: A new
Subsection "(e)" shall be added:
"(e) The present value of the Employee's benefits under Section 2 of the
Employee's most current Supplemental Retirement Benefit Agreement
using a discount rate equal to the "GATT" interest rate that would
be used by the Xxxx Company Retirement Income Plan "B" to calculate
the amount of a lump sum distribution to be made on the same date as
the payment hereunder."
IN WITNESS WHEREOF, XXXX has caused this Agreement to be executed by its
duly authorized officers, and Employee has hereunto set his hand, all as of
the date set forth above.
XXXX COMPANY
___________________________________
Its Director
___________________________________
Employee
