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EXHIBIT 10.10
AMENDMENT TO THE
EMPLOYMENT AGREEMENT
This Amendment Agreement, made as of the 20th day of October, 1999, is
between Staff Builders, Inc., a Delaware corporation (the "Company") and Xxxxx
Xxxxxxxx (the "Employee").
WHEREAS, the Company and the Employee entered into an Employment
Agreement, dated as of June 1, 1987, amended by Agreements dated October 31,
1991 January 3, 1992 and December 7, 1992 (the "Agreement"); and
WHEREAS, the parties now desire to further amend the Agreement
as provided herein;
NOW THEREFORE, in consideration of the mutual covenants and agreements
contained herein, the parties hereto agree as follows:
1. Section 3(a) of the Agreement, relating to Compensation, is hereby
amended such that the Employee's base salary will be decreased to
$357,080 and such salary will not be increased automatically by 10% per
annum.
2. Section 4, relating to duties is amended such that the Employee is
required to devote approximately eighty percent (80%) of his business
time to the affairs of the Company.
3. Section 12 of the Agreement relating to post-term consulting is hereby
deleted in its entirety.
Except as expressly amended herein, all other terms, conditions,
agreements, representations and warranties contained in the Agreement shall
remain in full force and effect.
IN WITNESS WHEREOF, the parties have executed this Amendment as of the
date and year first above written.
STAFF BUILDERS, INC.
/s/ Xxxxxxx Xxxxxxxx
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EMPLOYEE
/s/ Xxxxx Xxxxxxxx
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