Exhibit 10.1(d)
AMENDMENT NO. 1
TO
EMPLOYMENT AGREEMENT
Amendment No. 1 dated as of February 1, 2002, to Employment Agreement
dated as of the 17th day of March, 2002 by and between Interactive Systems
Worldwide Inc. (formerly known as International Sports Wagering Inc.), a
Delaware corporation, and Xxxxx Xxxxxx ("Employer").
WHEREAS, the parties entered into an Employment Agreement dated as of
March 17, 2000 (the "Agreement"); and
WHEREAS, the parties desire to modify certain provisions of the
Agreement.
NOW, THEREFORE, in consideration of the mutual premises herein set
forth and for other good and valuable consideration, the receipt and sufficiency
is hereby acknowledged, the parties hereto hereby agree as follows:
1. All defined terms used herein shall have the meaning ascribed to
them in the Agreement.
2. Section 6.1 of the Agreement is hereby deleted and the following
Section 6.1 is hereby substituted in lieu thereof.
"Upon expiration of the Term of this Agreement as provided in
Section 3.1, if a new agreement is not entered into by the
Employee and the Corporation on terms and conditions at least
as beneficial to the Employee as each of the terms and
conditions contained herein, or upon earlier termination as a
result of the death or disability of the Employee, or as
provided in Section 5.2, or as a result of a Change of
Control, other than for cause or by the Employee, in his
discretion, the Corporation shall pay to the Employee (or the
Employee's personal representative if the Agreement is
terminated as a result of the Employee's death), the following
severance benefits (collectively the "Severance Benefits") for
a period of one year after such termination:"
3. Except as herein set forth in this Amendment No. 1, the Agreement
shall continue in full force and effect in accordance with its terms.
IN WITNESS WHEREOF, the parties have executed this Agreement as of the
day and year first above written.
INTERACTIVE SYSTEMS WORLDWIDE INC.
By: s/Xxxxxxx Xxxxxxxx
---------------------------------
President
EMPLOYEE:
s/Xxxxx Xxxxxx
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Xxxxx Xxxxxx
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