Exhibit 10.2
THIRD AMENDMENT TO AGREEMENT
This Third Amendment made as of March 1, 2005, to Employment Agreement
dated May 21, 1996, is made between AMERICAN LOCKER GROUP INCORPORATED, a
Delaware corporation (the "Company") and XXX X. XXXXXXX, an individual residing
in Jamestown, New York (the "Executive").
WITNESSETH:
WHEREAS, the Company and the Executive are parties to an Employment
Agreement dated May 21, 1996, as amended (the "Agreement").
WHEREAS, the parties hereto wish to amend the Agreement to make
certain changes as set forth herein.
NOW THEREFORE, for good and valuable consideration and intending to be
bound hereby, the parties hereto agree as follows:
1. Section 3(a) is amended effective March 1, 2005 to delete
"$14,763 per month" and to insert in lieu thereof "$11,072
per month";
2. Except as expressly set forth herein, the Agreement shall
remain unamended and in full force and effect.
WITNESS the due execution hereof.
COMPANY:
AMERICAN LOCKER GROUP INCORPORATED
By /s/ Xxxxxx X. Xxxxxxxxxx
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Title: Chairman and Chief Executive Officer
EXECUTIVE:
/s/ Xxx X. Xxxxxxx
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Xxx X. Xxxxxxx
