EXHIBIT 10.8
AMENDMENT NO. 2 TO EMPLOYMENT AGREEMENT
SM&A
XXXXXX X.XXXXX
This Amendment No. 2 to Employment Agreement (this "Amendment") is
entered into as of April 12, 2002 by and between SM&A, a California corporation
(formerly known as Emergent Information Technologies, Inc.) and Xxxxxx X. Xxxxx
("Employee"), with reference to the following:
A. SM&A and Employee are parties to that certain Employment Agreement
effective February 1, 2000 (the "Original Agreement"), as amended pursuant to
that certain Amendment No. 1 to Employment Agreement dated December 29, 2000
("Amendment No. 1"), pursuant to which Employee has agreed to perform services
for SM&A on the terms and conditions therein set forth. The Original Agreement
and Amendment No. 1 thereto are collectively referred to herein as the
"Employment Agreement."
B. Employee and SM&A desire to amend the Employment Agreement to return
Employee's base salary to the amount that was paid prior to the parties' entry
into Amendment No. 1.
NOW, THEREFORE, in consideration of the promises and obligations
contained herein and in the Employment Agreement, SM&A and Employee agree to
amend the Employment Agreement as follows:
1. Exhibit A. Paragraph 1 of Exhibit A to the Original Agreement
entitled "Base Salary" shall be amended and restated in its entirety as follows:
Base Salary: Employee's annual salary shall be $600,000 per year, paid
in at bi-weekly installments. In no event, and under no
circumstances, shall Employee's annual salary be reduced
below the most recent annual salary without his consent.
For example, in no event can Employee's base annual
salary ever be reduced below $600,000.
The amendment to this paragraph 1 supersedes in its entirety the
provision of Amendment No. 1 as it pertains to base salary.
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2. General. Headings used in this Amendment are for convenience only and
are not intended to affect the meaning or interpretation of this Amendment.
Except as set forth in this Amendment, the Employment Agreement remains in full
force and effect. The Original Agreement together with Amendment No. 1 (as
superseded in part by this Amendment), and this Amendment constitute the entire
agreement among the parties with respect to the subject matter hereto and
supersedes any and all other agreements, either oral or in writing, among the
parties with respect to the subject matter hereof. Each party represents and
warrants to the other that the Employment Agreement and this Amendment
constitute the legal, valid and binding obligation of such party, enforceable in
accordance with their terms. Any other amendment or modification may only be in
a writing executed by all of the parties hereto.
IN WITNESS WHEREOF, the undersigned have executed this Amendment as of
April 12, 2002.
SM&A
By: /s/ Xxxxx X. Xxxx
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Name: Xxxxx X. Xxxx
Its: Chief Financial Officer and
Secretary
/s/ Xxxxxx X. Xxxxx
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Xxxxxx X. Xxxxx
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