EXHIBIT 10.14(c)
FIRST AMENDMENT TO EMPLOYMENT AGREEMENT
This First Amendment to Employment Agreement is made and entered into as of
September 26, 2001, by and between PriceSmart, Inc., a Delaware Corporation
("Employer") and Xxxxx X. Xxxxxxxxx ("Executive").
RECITALS
A) On July 23, 1999, an Employment Agreement was made and entered into by and
between Employer and Executive.
B) Employer and Executive now desire to amend the Employment Agreement, as set
forth hereinbelow:
AGREEMENT
1) Section 3.1 of the Employment Agreement, which provides:
3.1 TERM. The term of Executive's employment hereunder shall commence on
August 13, 1999 and shall continue until August 12, 2001, unless
sooner terminated or extended as hereinafter provided (the "Employment
Term").
is hereby amended, effective as of August 12, 2001, to provide as
follows:
3.1 TERM. The term of Executive's employment hereunder shall commence on
August 13, 1999 and shall continue until August 12, 2002, unless
sooner terminated or extended as hereinafter provided (the "Employment
Term").
2) All other terms of the Employment Agreement, as amended, shall remain
unaltered and fully effective.
Executed in San Diego, California, as of the date first written above.
EXECUTIVE EMPLOYER
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PRICESMART, INC.
Xxxxx X. Xxxxxxxxx By: /s/ XXXXXXX X. XXXXXXX
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/s/ XXXXX X. XXXXXXXXX Name: XXXXXXX X. XXXXXXX
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Its: PRESIDENT/CEO
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