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Exhibit 3.1
First Amendment to Employment Agreement between PH Group Inc. and Xxxxxxx X.
Xxxxxxx
FIRST AMENDMENT TO
EMPLOYMENT AGREEMENT
THIS FIRST AMENDMENT TO AN EMPLOYMENT AGREEMENT (the "Amendment") is
entered into this __ day of _________, 1999 between PH GROUP INC., an Ohio
corporation with a place of business at 0000 Xxxxxx Xxxxxx Xxxxx, Xxxxxxxx, Xxxx
00000 (the "Company"), and XXXXXXX X. XXXXXXX of Xxxxxx, Ohio (the "Executive").
WHEREAS, the parties hereto have entered into an Employment Agreement
dated as of January 23, 1997 (the "Employment Agreement"); and
WHEREAS, the parties desire to amend the Employment Agreement in
certain respects;
NOW THEREFORE, in consideration of the mutual covenants herein
contained, the parties, hereto, intending to be legally bound, hereby agree as
follows:
SECTION 1. AMENDMENT.
1.1 Section 2 of the Employment Agreement is hereby deleted in
its entirety and the following substituted therefor:
Section 2. TERM. Subject to Sections 4 and 5 hereof, the term
of this Agreement shall be for a period commencing September 1, 1999,
and terminating on August 31, 2003 and shall continue thereafter on a
year-to-year basis unless either party hereto gives written notice to
the other at least six months prior to August 31 of the year in which
such party intends to have this Agreement terminate that such party
does not intend to renew this Agreement (the "Term").
SECTION 2. CONTINUING VALIDITY. Except as amended hereby, all terms and
provisions of the Employment Agreement shall remain in full force and effect as
though this First Amendment were a part of the original Employment Agreement.
IN WITNESS WHEREOF, the parties hereto have executed and delivered this
Agreement as of the date first written above.
PH GROUP INC. EXECUTIVE
By: By:
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Xxxxxxx Xxxxxxx, Vice President Xxxxxxx X. Xxxxxxx
