Exhibit 10.2
AMENDMENT TO
AMENDED AND RESTATED
EMPLOYMENT AGREEMENT
This Amendment to Amended and Restated Employment Agreement is made as of
December 7, 1995, between USTrails Inc., a Nevada Corporation (the
"Corporation"), and Xxxxx X. Xxxxx, Xx., a resident of Arlington, Texas (the
"Executive").
The Executive and the Corporation entered into an Employment Agreement
dated as of June 8, 1992, which was amended and restated as of October 21, 1993
(as so amended and restated, the "Employment Agreement"). Pursuant to the
Employment Agreement, the Executive was employed as Vice President and Chief
Financial Officer of the Corporation and its subsidiaries, Thousand Trails,
Inc., a Washington Corporation ("TRAILS"), and National American Corporation, a
Nevada Corporation ("NACO"). The Board of Directors of the Corporation (the
"Board") recognizes the Executive's contribution to the growth and success of
the Corporation.
The Board desires to amend the Employment Agreement to make certain changes
in the Executive's employment arrangements with the Corporation.
The Executive is willing to commit himself to serve the Corporation on the
terms set forth herein.
Accordingly, in consideration of the mutual agreements herein contained,
and other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, the Corporation and the Executive agree that the
Employment Agreement is hereby amended as set forth herein.
SECTION 1. Amendments. The references to "six (6) months" in the first
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paragraph of Section 7, and in Section 8.1(a) and Section 8.1(b), are hereby
changed to "twelve (12) months."
SECTION 2. Ratification. Except as amended herein, the terms of the
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Employment Agreement are hereby ratified and shall continue in full force and
effect.
Executed as of the date first written above.
USTRAILS INC.
By: /s/ Xxxxxxx X. Xxxx
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Xxxxxxx X. Xxxx, Chief Executive Officer
EXECUTIVE
/s/ Xxxxx X. Xxxxx, Xx.
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Xxxxx X. Xxxxx, Xx.
