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Exhibit 10.27
AMENDMENT TO EMPLOYMENT AGREEMENT
Reference is made to the Employment Agreement entered into as of
February 11, 1999 between Xxxxxxxx.xxx Incorporated and Xxxxxxx X. Xxxxxx (the
"Employment Agreement"). The Employment Agreement is hereby amended as follows:
1. The definition of "INITIAL TERM" in Section 1 of the Employment
Agreement is hereby amended to read as follows:
"INITIAL TERM" means the four (4) year period beginning on the
Employment Date and ending on the fourth anniversary thereof.
2. The vesting period for the stock options described in Section 3(c)
of the Employment Agreement is hereby amended so that 1/24th of such options
vest each month during the continued employment of Xx. Xxxxxx, commencing as of
the date of the grant of such option.
The Employment Agreement, as amended hereby, is ratified and confirmed.
IN WITNESS HEREOF, the parties hereto have executed this Amendment as
of November 11, 1999.
XXXXXXXX.XXX INCORPORATED
By: /s/ Xxxxxx X. Xxxxxxx
Name: Xxxxxx X. Xxxxxxx
Title: President
/s/ Xxxxxxx X. Xxxxxx
Xxxxxxx X. Xxxxxx
