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Exhibit 10.5.1
AMENDMENT ONE
TO
EMPLOYMENT AGREEMENT
This Amendment One to the Employment Agreement ("FIRST AMENDMENT") is made
this _____ day of _______________, 1999 between VITA FOOD PRODUCTS, INC., a
Nevada corporation (the "COMPANY") and XXXXX X. XXXXXXX (the "EMPLOYEE").
RECITALS
1. The Company and Employee entered into an Employment Agreement on
January 16, 1997 ("EMPLOYMENT AGREEMENT") whereby the Company hired the
Employee to serve as an executive and operating officer of the Company.
2. The Company and Employee desire to amend the Employment Agreement
extending the term of the Employment Agreement and providing for annual
renewals after expiration of the Initial Term (as defined herein).
CLAUSES
NOW, THEREFORE, for and in consideration of the above premises and mutual
agreements hereinafter set forth, the Employee and the Company agree as
follows:
1. CAPITALIZED TERMS. Capitalized terms not otherwise defined herein
shall have the meanings as set forth in the Employment Agreement.
2. TERM. Section 3 of the Employment Agreement is hereby deleted and
replaced by the following new Section 3:
"3. TERM. The term of Employee's employment hereunder (the
"TERM") shall be extended an additional one (1) year (the "INITIAL
TERM") expiring on January 15, 2001 (the "EXPIRATION DATE"). The
Expiration Date shall be automatically extended, unless terminated
by the Company or Employee, for successive one (1) year periods
("RENEWAL TERM") following the expiration of the Initial Term. If
the Company desires to terminate Employee's employment under this
Employment Agreement at the end of the Initial Term or at the end
of any succeeding Renewal Term, the Company shall give written
notice of such desire to Employee on or prior to April 30 of the
year prior to expiration of the Initial Term or any Renewal Term.
If Employee desires to terminate Employee's employment under this
Employment Agreement at the end of the Initial Term or at the end
of any succeeding Renewal Term, Employee shall give written notice
of such desire to the Company at least six (6) months prior to
expiration of the Initial Term or any succeeding Renewal Term."
3. RATIFICATION. In all other respects, the Employment Agreement, as
amended by this First Amendment, is hereby ratified and confirmed.
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IN WITNESS WHEREOF, Employee and the Company have executed and delivered
this First Amendment as of the date first shown above.
EMPLOYEE: COMPANY:
XXXXX X. XXXXXXX VITA FOOD PRODUCTS, INC.
_____________________________ By:______________________________
Title:___________________________
Address:______________________ Address: 0000 Xxxx Xxxx Xxxxxx
Xxxxxxx, Xxxxxxxx 00000
______________________