January 28, 1997
Xx. Xxxxxxx Xxxxx
0000 Xxxx Xxxxxxxxx Xxxxx
Xxxxxxxx, XX 00000
Dear Xx. Xxxxx:
This letter represents an amendment to the agreement by and between Xxxxx
Brothers, Inc. (the "Employer") and Xxxxxxx X. Xxxxx (the "Employee") dated May
20, 1996, pertaining to the Employee's employment with the Employer.
The Employer and the Employee agree as follows:
1. Effective February 1, 1997, the Employee shall be appointed as Director of
Sales, Arizona. It is understood that Employee will work 32 hours per week.
2. The Employee's initial compensation shall be Eleven Hundred Fifty Four
Dollars ($1,154.00) per week. Employee shall receive annual performance
reviews.
3. Employer shall provide Employee with exclusive use of a company owned or
leased vehicle. Employer shall pay all costs of maintenance, taxes, license
fees and insurance. In addition, Employer shall reimburse Employee for the
cost of any gasoline utilized in the vehicle.
4. Employee will be a participant in a bonus plan subject to the terms and
conditions established by the Board of Directors.
5. The Employee will have a one year guaranteed contract with Employer.
Sincerely,
Xxxx X. Xxxxx
President and Chief Executive Officer
ADOPTED AND AGREED TO
this _________________ day of _______________, 1997
_______________________________________________
Xxxxxxx X. Xxxxx
