AMENDMENT TO EXECUTIVE EMPLOYMENT AGREEMENT
This Amendment to the Executive Employment Agreement is effective
April 24, 1997, by and between Thermadyne Holdings Corporation, a Delaware
corporation, together with its subsidiaries as defined therein ("Employers")
and Xxxxxxx X. Xxxxxx ("Employee").
WHEREAS, on November 1, 1996, Employers and Employee entered into that
certain Executive Employment Agreement.
WHEREAS, on April 24, 1997, at a meeting of the Compensation and
Organization Committee, the Employee's bonus percentage was increased from 75%
to 100%.
WHEREAS, the parties desire to amend the Executive Employment
Agreement as set forth below:
NOW, THEREFORE, Employers and Employee in consideration of the
agreements, covenants and conditions herein agree as follows:
Paragraph 2(b) of the Executive Employment Agreement shall be amended
and restated as follows:
"Bonus. During the Employment Period, Employee shall
additionally participate in an annual bonus plan providing for an
annual bonus opportunity of not less than 100% of Employee's annual
salary."
All other terms and conditions of the Executive Employment Agreement
shall remain in full force and effect.
IN WITNESS WHEREOF, the parties hereto have executed and delivered
this Amendment as of the 30th day of April, 1997.
EMPLOYERS: EMPLOYEE:
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THERMADYNE HOLDINGS CORPORATION
/s/ XXXXX X. XXXX /s/ XXXXXXX X. XXXXXX
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Xxxxx X. Xxxx, Senior Vice Xxxxxxx X. Xxxxxx
President and Chief Financial
Officer
