Exhibit 10.16
AMENDMENT NO. 1 TO EMPLOYMENT AGREEMENT
TMP Interactive Inc. (the "Company"), TMP Worldwide Inc. ("TMP") and
Xxxxxxx X. Xxxxxx ("Xxxxxx') are parties to a Second Amended and Restated
Employment Agreement, dated as of November 2, 1999 (the "Employment Agreement"),
and by virtue of this Amendment No. 1 to Second Amended and Restated Employment
Agreement (the "Amendment Agreement"), are modifying certain terms of the
employment agreement, which amendments are effective as of October 31, 2001.
The parties hereby agree as follows:
1. The references in Sections 1.1, 1.2 and 1.5 and all other Sections
of the Employment Agreement to "Chief Executive Officer" are hereby amended to
read "Global Director Interactive".
2. Section 1.5 of the Employment Agreement is amended by deleting the
words "with responsibility for all of the Company's operations in accordance
with this Agreement or Employee no longer is responsible for overseeing and
directing the development, marketing, strategy, management, sales and
implementation of substantially all of the interactive or Internet-based
operations of TMP" and substituting therefore "with responsibility for
interactive and internet product development of the Company and TMP".
3. Section 9.7(b) of the Employment Agreement is hereby revised to read
in its entirety as follows:
(b) If to the Company or TMP:
TMP Worldwide Inc.
000 Xxxxx Xxxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
Attention: Xxxxxx X. XxXxxxxx
Xxxxx X. Xxxxxxxxxx
4. The Employment Agreement, as amended by this Amendment Agreement, is
hereby ratified and confirmed and remains in full force and effect.
The parties hereto have executed this Amendment Agreement as of October
31, 2001.
TMP INTERACTIVE INC.
/s/ Xxxxxx X. XxXxxxxx
-------------------------------------
By: Xxxxxx X. XxXxxxxx
TMP WORLDWIDE INC.
/s/ Xxxxxx X. XxXxxxxx
-------------------------------------
By: Xxxxxx X. XxXxxxxx
/s/ Xxxxxxx X. Xxxxxx
-------------------------------------
Xxxxxxx X. Xxxxxx
