EXHIBIT (10) (xxx)
FORM OF
ADDENDUM TO EMPLOYMENT AGREEMENT
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This is an Addendum to the Employment Agreement ("Agreement")
dated August 1, 1995 between Americold Corporation, an Oregon
corporation ("Americold") and
("Employee"). The effective date of this Addendum is June 30,
1996.
RECITALS
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Americold and Employee desire to have the opportunity to
secure Employee's position as
for an extended term beyond the period set forth in the Agreement.
NOW, THEREFORE, in consideration of their mutual desire to
secure Employee's position and the mutual promises, agreements and
conditions hereinafter set forth, it is agreed as follows:
AGREEMENT
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Subject to the termination provisions in the Agreement, if by
July 31, 1996, and by each July 31 thereafter in which the
Agreement remains in effect, neither Americold nor Employee gives
the other notice, as provided in paragraph 13 of the Agreement, of
intent not to renew the Agreement upon its expiration date one year
hence, the term of the Agreement shall extend for an additional
one-year period. (E.g., if neither Americold nor Employee gives
notice of intent not to renew by July 31, 1996, the term of the
Agreement shall extend until July 31, 1998).
Except as expressly provided in this Addendum, all terms of
the Agreement, as well as the parties' Covenant Not to Compete and
Consulting and Non-Disclosure Agreement, remain in full force and
effect.
Employee Americold Corporation
By: /s/ Xxxxxx X. Xxxxxxxxx
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[Name of Employee] Xxxxxx X. Xxxxxxxxx
Title: Chairman & Chief Executive
Officer
SCHEDULE TO EXHIBIT (10)(xxx)
Form of Addendum to Employment Agreement
The Addenda to Employment Agreement between Americold
Corporation and the employees named below (the "Addenda") are
identical in all material respects other than with respect to the
employee and the employment position, which are as follows for each
employee:
Name of Employee Position
---------------- --------
Xxxx X. Xxxxx Senior Vice President and
Chief Financial Officer
Xxxx X. XxXxxxx Executive Vice President
F. Xxxxxxx Xxxx Executive Vice President
J. Xxx Xxxx Senior Vice President