EXHIBIT 10.88
SECOND amendment to employment agreement
This Second Amendment to Employment Agreement (this "Second
Amendment"), by and between Workflow Management, Inc., a Delaware corporation
(the "Company") and Xxxxxxx X. Xxxxxxxxx ("Employee"), is made and entered into
effective as of August 28, 2003.
RECITALS
WHEREAS, the Company and Employee are parties to both that certain
Employment Agreement, dated as of May 1, 2001 and that certain First Amendment
to Employment Agreement dated as of December 23, 2002 (collectively, the
"Amended Employment Agreement");
WHEREAS, the Company and Employee desire to amend the Amended
Employment Agreement subject to the terms and conditions set forth herein; and
WHEREAS, all capitalized terms used but not defined in this Second
Amendment shall have the meanings given them in the Amended Employment
Agreement.
AGREEMENTs
NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the Company and Employee agree as
follows:
1. Within Section 3 of the First Amendment to Employment Agreement, the
sentence reading "The Retention Bonus is payable in two installments: (i)
$100,000 payable on January 1, 2003; and (ii) the remainder payable on June 1,
2004; subject to the following provisions," is deleted in its entirety and
replaced with the following:
"The Retention Bonus is payable in three installments: (i) $100,000
payable on January 1, 2003; (ii) $50,000 payable on January 31, 2004; and (iii)
the remainder payable on June 1, 2004; subject to the following provisions."
2. All other provisions of the Amended Employment Agreement shall
continue in full force and effect without further modification.
3. By affixing his signature hereto, the corporate officer of the
Company represents and warrants that this Agreement, in its present form, has
been fully authorized and agreed to by the Compensation Committee of the Board.
The undersigned have executed this Second Amendment as of the effective
date set forth above.
WORKFLOW MANAGEMENT, INC. Employee:
By: /s/ Xxx X. Xxxxxxx /s/ Xxxxxxx X. Xxxxxxxxx
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Name: Xxx X. Xxxxxxx Xxxxxxx X. Xxxxxxxxx
Title: Vice President, Human Resources