Exhibit 10.8
AMENDMENT
This AMENDMENT is made as of February 25, 1999 between The Xxxxxxx
Xxxxxx Company, a Massachusetts corporation (the "Company"), and Xxxxxxx X.
Xxxxx ("Executive").
W I T N E S S E T H
WHEREAS, the Company and the Executive are parties to the Employment
Agreement dated as of April 1, 1998 (the "Employment Agreement").
WHEREAS, the Company and the Executive now desire to amend the
Employment Agreement.
NOW, THEREFORE, in consideration of the foregoing and for other good
and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, and intending to be legally bound hereby, the parities hereto
agree as follows:
A G R E E M E N T
1. DEFINITIONS. Capitalized terms not otherwise defined herein shall
have the meaning ascribed to them in the Employment Agreement.
2. AMENDMENTS TO THE EMPLOYMENT AGREEMENT.
(a) The Effective Date of the Employment Agreement is October 30,
1998.
(b) Section 4(a) is deleted in its entirety and replaced with the
following:
(a) The Employment Period shall initially extend until
October 31, 2000 but shall be extended for an
additional one-year period on each Anniversary Date
unless either the Company or Executive gives the
other written notice at least sixty (60) days prior
to such Anniversary Date of its or his intention not
to further extend the term of this Agreement;
provided that (i) the Employment Period shall
terminate prior to such date upon Executive's
resignation, Retirement or death and (ii) the
Employment Period may be terminated by the Company at
any time prior to such date for Cause, Executive's
Disability or Without Cause.
3. NO EFFECT ON CONSISTENT TERMS. All terms of the Employment Agreement
not inconsistent with this Amendment shall remain in place and in full force and
effect and shall be unaffected by this Amendment.
4. COUNTERPARTS. This Amendment may be executed in one or more
counterparts, each of which shall be deemed to be an original by the party
executing such counterpart, but all of which shall be considered one and the
same instrument.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
executed and delivered as of the date first set forth above.
THE XXXXXXX XXXXXX COMPANY
By: /s/ Xxxxxxxxx X.Xxxxx, XX
--------------------------------
Xxxxxxxxx X. Xxxxx, XX,
Chairman & Chief Executive
Officer
/s/ Xxxxxxx X. Xxxxx
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Xxxxxxx X. Xxxxx
