Exhibit 10.5.5
AMENDMENT NO. 5 TO EMPLOYMENT CONTRACT
AGREED, as of the 16th day of June 2005, between the Federal Agricultural
Mortgage Corporation (FAMC) and Xxxxxx X. Xxxxxx (the employee), that the
existing employment contract between the parties hereto, dated as of February 1,
2000, Amendment No. 1 to Employment Contract dated as of June 1, 2000, Amendment
No. 2 to Employment Contract dated as of June 7, 2001, and Amendment No. 3 to
Employment Contract dated as of June 6, 2002, and Amendment No. 4 to Employment
Contract dated as of June 5, 2003 (collectively, the Agreement), be and hereby
is amended as follows:
Section 3 (a) of the Agreement is replaced in its entirety with the
following new section:
3 (a). Base Salary. You will be paid a base salary (the Base Salary) during
the Term of Two Hundred Fifty-Eight Thousand Eight Hundred Twenty-Seven Dollars
($258,827) per year, payable in arrears on a bi-weekly basis.
As amended hereby, the Agreement remains in full force and effect.
Federal Agricultural Mortgage Corporation Employee
By: /s/ Xxxxx X. Xxxxxxx /s/ Xxxxxx X. Xxxxxx
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President
