EXHIBIT 10.43
SECOND AMENDMENT TO EMPLOYMENT AGREEMENT
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This second amendment to the Employment Agreement dated as of October
1, 1996 (and amended effective September 17, 1999) by and between Edgewater
Technology, Inc., formerly Staffmark, Inc. (the "Company"), and Xxxxx X. Xxxxxx
(the "Employee"), is made and entered into effective as of May 22, 2000 between
the Company and Employee.
RECITALS
WHEREAS, the Compensation Committee of the Board of Directors of the
Company has determined that it is necessary and in the best interests of the
Company to amend the Employment Agreement as a result of various business
restructurings that have occurred and in order to make the Employment Agreement
more equitable following these business changes; and WHEREAS, this second
amendment has been approved by the Compensation Committee on behalf of the
Company's Board of Directors on May 22, 2000.
AGREEMENT
NOW, THEREFORE, in consideration of the promises and the mutual
covenants and agreements contained herein, the parties hereto agree as follows:
1. Section 1 of the Employment Agreement, as amended, entitled "Term of
Agreement," is further amended and replaced with the following language:
"1. TERM OF AGREEMENT. Subject to the right of the parties to terminate this
Agreement under Section 5 below, the term of this Agreement shall commence on
the date hereof and shall continue until April 1, 2002, except the term shall be
extended by one (1) additional month for each full month of service that
Employee has completed during the term of the Agreement, beginning with the
month of April 2000. During the term of this Agreement, the calendar year shall
be referred to herein as a `Compensation Year.'"
2. The Employment Agreement (as amended by the first amendment dated as of
September 17, 1999, and as amended herein) contains the entire understanding of
the parties with respect to the employment of Employee and supersedes all prior
arrangements or understandings, written or oral, with respect thereto. The
Employment Agreement, as amended, may not be altered or amended except by a
writing, duly executed by a representative of the Company who has been
authorized to enter into such an amendment by the Company's Board of Directors.
IN WITNESS WHEREOF, the parties have executed this second amendment to the
Employment Agreement as of the date below, effective as of the date reflected in
the preamble above.
/s/ Xxxxx X. Xxxxxx
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Xxxxx X. Xxxxxx
Date: December 1, 2000
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EDGEWATER TECHNOLOGY, INC.
By: /s/ Xxxxxx X. Xxxxxxx
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Name: Xxxxxx X. Xxxxxxx
Title: Executive Vice President
Date: December 1, 2000
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