EXHIBIT 10.52
April 12, 2002
Xxxxx X. Xxxxxxx
00 Xxxxxx Xxxxx
Xxxxxxxxxx XX, 00000
Dear Xxxx:
This letter will serve as Amendment No. 2 to an agreement dated April 27, 2000
between Xxxxxxx Technology Company, Inc. (the "Company") and you (the
"Employment Agreement").
The Company and you hereby agree to modify the first sentence of Xxxxxxxxx 0,
Xxxxxxx X entitled "Supplemental Retirement Benefit" of the Employment Agreement
as follows effective May 1, 2001:
D. Supplemental Retirement Benefit. On the first day of each month that you are
still performing services under the terms of this Agreement, the Company shall
accrue for your benefit a supplemental retirement benefit (the "Supplemental
Retirement Benefit") in the amount of eight thousand two hundred ($8,200).....
Furthermore, it is agreed that upon commencement of the new accrual rate of
$8,200, your [aggregate] Supplemental Retire Benefit balance will also be
credited with a retroactive lump sum representing the difference in accrual back
to May 1, 2001 (the effective date of this change).
The balance of the Agreement remains as originally agreed to.
XXXXXXX TECHNOLOGY CO., INC.
By:/s/Xxxx X. Xxxxx, Xx.
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Xxxx X. Xxxxx, Xx., President and CEO
ACCEPTED AND AGREED TO:
/s/Xxxxx X. Xxxxxxx
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Xxxxx X. Xxxxxxx
Date: 4-18-2002
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