Exhibit 99(f)
AMENDMENT TO EMPLOYMENT AGREEMENT
____________________
WHEREAS, JWGenesis Financial Corporation (the "COMPANY") and Xxxxx X.
Xxxxxx (the "EXECUTIVE"), entered into an Employment Agreement (the
"AGREEMENT") dated June 12, 1998, providing, among other things, for the
issuance of certain stock options (the "OPTIONS"); and
WHEREAS, the Company and Executive wish to execute an amendment (the
"AMENDMENT") to the Agreement with respect to the Options;
NOW, THEREFORE, BE IT RESOLVED, that Section 3.2 of the Agreement
(titled "STOCK OPTIONS") is deleted in its entirety and the following is
inserted in lieu thereof:
3.2 Stock Options. Concurrent with approval by the Board
(or a Committee thereof), Executive shall be issued stock options
(the "OPTIONS") to purchase 60,000 shares of the Company's common
stock at $10.50 per share under the XX Xxxxxxx Amended and
Restated Stock Option Plan, adopted by the Company. The Options
shall vest and become exercisable through June 16, 2008, as
follows: 20,000 on the date of grant; 20,000 on June 16, 1999; and
20,000 on June 16, 2000, provided that Executive remains employed
by the Company on these dates (except as provided pursuant to
sections 7.4 and 7.5 of this Agreement). Additionally, the
Company shall pay to Executive the tax benefit realized by the
Company from Executive's exercise of such Options.
IN WITNESS WHEREOF, the parties have executed this Amendment, as an
instrument under seal, as of this, the _____ of September, 1998.
[SEAL] "Company"
Attest: JWGENESIS FINANCIAL CORP.
__________________________ By:
Secretary or Assistant __________________________
Secretary Xxxx X. Xxxxx
Executive Vice President
and
Chief Financial Officer
Address: 000 Xxxxx Xxxxxxx
Xxxxxxx
Xxxxx 000
Xxxx Xxxxx, Xxxxxxx
00000
"Executive"
__________________________
[SEAL]
Xxxxx X. Xxxxxx
Address:
____________________
____________________
____________________
