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EXHIBIT 10.3.1
AMENDMENT TO EMPLOYMENT AGREEMENT
BETWEEN JAKKS PACIFIC, INC. AND XXXXXXX X. XXXXXX
The Employment Agreement dated January 1, 1998 between JAKKS Pacific, Inc.
and Xxxxxxx X. Xxxxxx (the "Employment Agreement;" capitalized terms are used
herein as defined in the Employment Agreement) is hereby amended as follows:
1. The term of Executive's employment under the Employment Agreement is
extended from December 31, 2001 to December 31, 2009 and, for this purpose,
Section 1.2 of the Employment Agreement is amended by replacing "2001" with
"2009."
2. The Executive's employment as Executive Vice President of the Company
shall terminate and he shall be employed to serve as the Company's President
and, for this purpose, Section 2 of the Employment Agreement is amended by
deleting "Executive Vice."
3. Pursuant to Section 4 of the Employment Agreement, Executive's
annual base salary is increased to $496,000 in 1999.
4. This Amendment shall be effective as of January 1, 1999 and the
Employment Agreement, as so amended, shall remain in full force and effect.
IN WITNESS WHEREOF, the Company, by its duly authorized officer, and
Executive have duly executed this Amendment as of January 1, 1999.
JAKKS PACIFIC, INC.
By: /s/ XXXX XXXXXXXX
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Xxxx Xxxxxxxx
Chief Executive Officer
/s/ XXXXXXX X. XXXXXX
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Xxxxxxx X. Xxxxxx
