Exhibit 10.13.3
THIRD AMENDMENT TO PERSONAL SERVICES AGREEMENT
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THIS THIRD AMENDMENT TO PERSONAL SERVICES AGREEMENT, dated as of March 10,
1998, by and between American Biltrite Inc., a Delaware corporation ("ABI") and
Congoleum Corporation, a Delaware corporation ("Congoleum");
W I T N E S S E T H:
THAT WHEREAS, ABI and Congoleum are parties to a Personal Services
Agreement, dated as of March 11, 1993 (the "Personal Services Agreement"), as
amended February 8, 1995 and November 15, 1996, pursuant to which ABI agreed
that Xxxxx X. Xxxxxx would serve as the Chief Executive Officer of Congoleum and
Xxxxxxx X. Xxxxxx would serve as the Vice Chairman of Congoleum, subject to
certain terms and conditions set forth in the Personal Services Agreement;
NOW, THEREFORE, in consideration of the agreements set forth herein and
for other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, the parties hereto agree as follows:
1. Extension of Term. The term of the Personal Services Agreement is
renewed for a five-year period beginning on March 11, 1998.
2. Ratification. Each of ABI and Congoleum hereby ratifies and confirms
all of the terms and provisions of the Personal Services Agreement, as amended
hereby.
3. Counterparts. This Amendment to Personal Services Agreement may be
executed in one or more counterparts, each of which shall be an original but all
of which shall collectively constitute a single instrument.
IN WITNESS WHEREOF, the parties hereto have executed and delivered this
Amendment to Personal Services Agreement as of the date first above written.
AMERICAN BILTRITE INC.
By:________________________________
Name: Xxxxx X. Xxxxxx
Title: Chief Executive Officer
CONGOLEUM CORPORATION
By:________________________________
Name: X. X. Xxxxx
Title: Sr. Vice President - Finance
