SIXTH AMENDMENT TO EMPLOYMENT AGREEMENT
THIS SIXTH AMENDMENT TO EMPLOYMENT AGREEMENT (the "Sixth Amendment"), is
made and entered into as of the 31st day of December, 2001, by and between
ATLANTIS PLASTICS, INC., a Florida corporation (the "Company"), and XXXXXXX X.
XXXX (the "Executive").
RECITALS
A. The Company and the Executive are parties to an Employment Agreement,
dated as of February 1, 1995, as amended by (i) a First Amendment to Employment
Agreement, dated as of February 1, 1995, (ii) a letter agreement, dated Xxxxx 0,
0000, (xxx) a letter agreement, dated February 14, 1997, (iv) a Fourth Amendment
to Employment Agreement, dated as of August 2, 1999, (v) a letter agreement,
dated August 2, 1999, and (vi) a Fifth Amendment to Employment Agreement, dated
January 31, 2001 (collectively, the "Employment Agreement"), pursuant to which
the Executive serves as the President and Chief Executive Officer of the
Company.
B. The parties hereto desire to amend the Employment Agreement as set
forth herein.
C. Section 10 of the Employment Agreement provides that the Employment
Agreement may be modified by an agreement in writing between the parties
thereto.
AGREEMENT
NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the parties hereto agree as
follows:
1. Preamble and Recitals; Defined Terms. The preamble and recitals
hereinabove set forth are incorporated herein and made a part hereof. Except as
otherwise provided herein, capitalized terms used in this Sixth Amendment shall
have the meanings ascribed thereto in the Employment Agreement.
2. Amendment to Employment Agreement.
(a) Section 2.1 of the Employment Agreement is hereby amended
by deleting the reference to "December 31, 2001" therefrom and substituting the
date "December 31, 2002" in its complete place and stead.
(b) Exhibit A to the Employment Agreement, as heretofore
amended, is hereby further amended by deleting the phrase "and 2001" and
substituting the phrase "and 2002" in its complete place and stead.
3. Affirmation. In all other respects the Employment Agreement is
affirmed.
[Signature page to follow]
IN WITNESS WHEREOF, the undersigned have cause this Sixth Amendment to be
executed as of the date first written above.
ATLANTIS PLASTICS, INC.
By:
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Xxxx X. Xxxxxx
Chairman of the Board
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Xxxxxxx X. Xxxx
