SECOND AMENDMENT
This Second Amendment to the Employment Agreement between MEDIQ
Incorporated (the "Company") and Xxxxxxx X. Xxxxxxx (the "Executive"), dated as
of June 26, 1995, as previously amended by an Amendment dated as of April 30,
1997 (the "Employment Agreement"), is made by and between the Company and the
Executive as of September 30, 1997.
For good and valuable mutual consideration, the receipt and sufficiency
of which is hereby acknowledged, the parties hereto agree as follows:
1. Notwithstanding the provisions contained in paragraph 4.4(a)(ii) of
the Employment Agreement, the severance payments due to Executive pursuant to
said paragraph 4.4(a)(ii) of the Employment Agreement shall be paid ratably by
the Company to the Executive, without discount, at the same intervals as the
Company's normal payroll payments are made, throughout the fiscal year
commencing October 1, 1997 and ending September 30, 1998.
2. Notwithstanding the provisions contained in paragraph 4.4(a)(ii) of
the Employment Agreement, payment for all accrued vacation pay owed to Executive
shall be made by Company to Executive on the first payroll payment date in
January 1998.
3. Except as expressly modified herein, all other terms and conditions
set forth in the Employment Agreement shall remain in full force and effect.
4. This Second Amendment has been duly authorized, executed and
delivered by each of the parties hereto in accordance with section 6.6 of the
Employment Agreement.
MEDIQ Incorporated
By: /s/ Xxxxxx X. Xxxxxxx
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Xxxxxx X. Xxxxxxx, President
/s/ Xxxxxxx X. Xxxxxxx
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Xxxxxxx X. Xxxxxxx
