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EXHIBIT 10.2
AMENDMENT TO EMPLOYMENT AGREEMENT
This Amendment to Employment Agreement (this "Amendment") is effective
as of January 3, 1998, by and between CorporateFamily Solutions, Inc., a
Tennessee corporation (the "Company"), and Xxxxxx Xxxxx (the "Employee").
WHEREAS, the Employee and the Company are parties to the certain
employment agreement dated August 27, 1995 (the "Employment Agreement"); and
desire to amend the Employment Agreement to reflect changes in the terms and
conditions of the Employee's employment with the Company.
NOW, THEREFORE, in consideration of the premises hereof and of the
mutual promises and agreements contained herein and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereto, intending to be legally bound, hereby agree as follows:
1. The first two sentences of Section 2 of the Agreement are hereby
amended and restated in their entirety as follows:
2. Positions and Duties. The Employee shall serve as
the Chairman of the Board of Directors and Director of
Research and Development for the Company. The Employee shall
devote approximately half of his working time and efforts (not
to be less than 20 hours per week on average) to the business
and affairs of the Company.
2. The phrase "at the rate comparable to that of the other executive
officers of the Company at the time of Closing" in the first sentence of Section
3(a) shall be deleted, and replaced with the phrase "equivalent to one-half of
Employee's annual salary at the end of 1997", and the remainder of Section 3(a)
shall remain unchanged.
3. The other terms of the Employment Agreement shall remain in force.
IN WITNESS WHEREOF, the parties have executed this Amendment effective
as of the date first above written.
COMPANY:
CORPORATEFAMILY SOLUTIONS, INC.
By: /s/ Xxxxxxxxxx X. Xxxxxx
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Name: Xxxxxxxxxx X. Xxxxxx
Title: President and Chief Executive Officer
EMPLOYEE:
/s/ Xxxxxx Xxxxx
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Xxxxxx Xxxxx
