EXHIBIT 10.31
EMPLOYMENT AGREEMENT AMENDMENT
This Employment Agreement Amendment ("Amendment") is entered into as of this
20th day of January, 2000 by and between SEALY CORPORATION, a Delaware
corporation (the "Company"), and Xxxxx X. Xxxxxx (the "Employee").
WHEREAS, the Company and Employee have previously entered into an Employment
Agreement (the "Agreement") dated August 1, 1997;
WHEREAS, since the date of the Agreement, the Employee has moved from Canada to
the United States and is now paid in U.S. Dollars;
WHEREAS, both the Company and the Employee now desire to amend the Agreement as
set forth below;
NOW, THEREFORE, the Company and the Employee hereby agree as follows:
Subsection 3 (a) of the Agreement is hereby is amended by deleting the
words "at the rate of Two Hundred Forty Thousand Five Hundred Canadian
Dollars (CDN $249,500.00)" and inserting in their place the following
words "of at least Two Hundred Thousand U.S. Dollars (US $200,000.00)".
IN WITNESS WHEREOF, the Company and the Employee have executed this Agreement as
of the day and year first written above.
SEALY CORPORATION EMPLOYEE
By
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Xxxxx X. Xxxxxx
Name
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Title
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