Exhibit 10.3
Employment Agreement
Amendment
Effective June 1, 2002
Both School Specialty, Inc., a Wisconsin corporation (the "Company") and A.
Xxxxx Xxxxxxxxx ("Employee") agree, by the below duly executed document, to the
below Amendment to Section 3(a) Compensation.
Amendment -
New paragraph to Section 3(a) "Compensation"
"However should the employee receive a base salary increase at any time
during the term of this agreement, the above mentioned guaranteed bonus
($81,700) will be reduced proportionately by the amount of the increase.
At no time during the term of this Agreement will the employees annual base
salary and guaranteed bonus be less than two hundred seventy-two thousand, two
hundred dollars ($272,200)."
The intent of this Amendment is only to clarify the efforts of what will
happen should the Employee receive a base salary increase as it relates to the
guaranteed bonus amount and in no way alters and or changes any other section of
the agreement.
In witness whereof, the parties hereto have amended this Agreement as of the
late effective date listed above.
COMPANY: SCHOOL SPECIALTY, INC.
Dated: 09/11/02 /s/ Xxxxx X. Xxxxxx Zanden
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Xxxxx Xxxxxx Zanden, President
Dated: 09/11/02 /s/ A. Xxxxx Xxxxxxxxx
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A. Xxxxx Xxxxxxxxx, Individual
