Exhibit 10.1
AMENDMENT No. 1
TO
CONSULTING AGREEMENT
This Amendment No. 1 to Consulting Agreement is entered into
as of the 25th day of March 1998 by and between McKesson
Corporation, a Delaware corporation ("McKesson"), and Xxxx
Xxxxxxxxxxxx ("Xxxxxxxxxxxx").
R E C I T A L S
- - - - - - - -
X. Xxxxxxxxxxxx is currently the Chairman of the Board of
Directors of McKesson having retired as an executive officer and
employee of McKesson effective July 31, 1997.
X. XxXxxxxx and Xxxxxxxxxxxx previously entered into a
Consulting Agreement (the "Agreement") dated as of March 28,
1997 and they now wish to amend the Agreement to extend its term
for an additional period of one year.
NOW, THEREFORE, in consideration of the foregoing and the
covenants and agreements herein contained, the parties agree as
follows:
1. Section 2(a) of the Agreement is hereby deleted and the
following Section 2(a) is substituted therein:
"2(a). The period of Seelenfreund's engagement
pursuant to this Agreement shall commence on July 31, 1998
and continue until July 31, 1999 (the "Term").
2. Section 3(a) is hereby amended in the following
respects:
(a) The second sentence thereof is amended by deleting
"March 30, 1998" and substituting in its place and stead
"March 31, 1999."
(b) The following sentence shall be added at the end
of said Section, effective as ofMarch 28, 1997:
"Seelenfreund shall be entitled to make elections regarding
annual bonus deferral and bonus stock options in a manner
similar to the elections available to the executive
employees of the Company."
3. As modified hereabove, the Agreement shall continue in
full force and effect.
IN WITNESS WHEREOF, the parties have executed this Amendment
No. 1 to Consulting Agreement as of the day and year first
written above.
McKesson Corporation,
a Delaware Corporation
s/g By Xxxxxxx X. Xxxxxxxxx
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Vice President
s/g By Xxxx Xxxxxxxxxxxx
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Xxxx Xxxxxxxxxxxx
Attest:
s/g By X.X. Xxxxxx
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Secretary
By the Authority of the Compensation Committee of the
Board of Directors of
McKesson Corporation
on March 25, 1998.