EXHIBIT 10.20B
AMENDMENT ONE
TO EMPLOYMENT AGREEMENT
This Amendment One to that certain Employment Agreement between
Infocrossing, Inc., a Delaware corporation (the "Company"), and Xxxx Xxxxxxxx
(the "Executive") is effective as of May 9, 2007 (the "Amendment One Effective
Date"). Except as otherwise indicated herein, capitalized terms in this
Amendment One shall have the same meaning as ascribed to such terms in the
Agreement.
RECITAL
Whereas, the Company and the Executive desire to modify the amount of
the Normal Retirement Benefit as defined in the Agreement.
NOW THEREFORE, in consideration of the mutual promises contained herein
and other good and valuable consideration, the receipt and sufficiency of which
is hereby acknowledged, the parties agree as follows:
I. The Normal Retirement Benefit as defined in Section 7(e)(i) of the
Agreement shall be increased from semi-monthly payments of seven
thousand five hundred dollars ($7,500) to nine thousand five hundred
eighty three dollars and thirty three cents ($9,583.33).
Except as amended herein, all terms, covenants, and conditions of the
Agreement shall remain in full force and effect. In the event of a conflict
between the terms of the Agreement without giving effect to this Amendment One
and this Amendment One, this Amendment One will control. This Amendment One may
be executed in one or more counterparts, each of which will be deemed an
original but all of which taken together will constitute one and the same
instrument.
IN WITNESS WHEREOF the parties have executed this Amendment One as of
the Amendment One Effective Date.
Infocrossing, Inc. Xxxx Xxxxxxxx
By: /s/ XXXXXX X. XXXXXXX /s/ XXXX XXXXXXXX
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Xxxxxx X. Xxxxxxx
President
