EXHIBIT 10
AMENDMENT ONE
TO EMPLOYMENT AGREEMENT
This Amendment One to that certain Employment Agreement between
Infocrossing, Inc., a Delaware corporation (the "Company"), and Xxxxxx Xxxxxxx
(the "Executive") is effective as of December __, 2006 (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 duration of
the Full-Time Term and the Part-Time Term of 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 Term as defined in Section 4(a) of the Agreement shall be changed
from seven (7) years to eight (8) years so that the Term as amended
will end at the close of business on December 31, 2012.
II. The Full-Time Term as defined in Section 4(b) of the Agreement shall be
changed from the first two (2) years of the Term to the first three (3)
years of the Term.
III. The Part-Time Term as defined in Section 4(c) of the Agreement shall be
changed from the third, fourth, and fifth years of the Term to the
fourth, fifth, and sixth years of the Term.
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,
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. Xxxxxx Xxxxxxx
By:
--------------------------------- --------------------------------
Xxxx Xxxxxxxx
Chief Executive Officer
