EXHIBIT 10(u)
AMENDMENT NUMBER TWO TO THE
XXXX X. XXXXXXXXX EMPLOYMENT AGREEMENT
This Agreement amends by adding a longer term to the existing
Amendment Number one of the Employment Agreement (the "Agreement") dated April
28, 1993, between SunGroup, Inc. (the "Company"), and Xxxx X. Xxxxxxxxx (the
"Employee").
Amendment Number One dated April 28, 1993, will be amended by
substituting a new Amendment as follows:
1. Employment and Term. Company does hereby employ Employee and
Employee does hereby agree to enter into the employment of the
Company for the compensation provided under the terms and
conditions hereinafter set forth. The term of this Agreement
shall commence on April 7, 1995, (the "Commencement Date") and
shall continue for a term ending on the first to occur of the
death of the Employee, or May 31, 2000, unless continued by
written agreement of both parties or terminated as set forth
herein. Company and Employee both concur that this contract
should be extended by January 31, 1999, if both parties want to
continue the employment relationship. Employee should take the
responsibility to initiate contract extension discussions in late
1998.
Dated: April 7, 1995
SUNGROUP, INC.
By: /s/ Xxxxx X. Xxxxxxx
-------------------------------
Xxxxx X. Xxxxxxx, Director
By: /s/ Xxx X. Xxxxx
-------------------------------
Xxx X. Xxxxx, Director
EMPLOYEE
By: /s/ Xxxx X. Xxxxxxxxx
-------------------------------
Xxxx X. Xxxxxxxxx
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