EXHIBIT 10.38
ADDENDUM TO EMPLOYMENT AGREEMMENT
This ADDENDUM is entered into as of the 4th day of June, 1999 by and
among CDRJ Investments (Lux) S.A., a Luxembourg company ("Parent"), its indirect
wholly owned subsidiary Jafra Cosmetics International, Inc., a Delaware
corporation ("Employer"), and Xxxxxxx XxXxxxxxxx ("Executive").
Reference is hereby made to the Employment Agreement dated as of June 1,
1998 by and among Parent, Employer and Executive (the "Employment Agreement").
WHEREAS, pursuant to the Employment Agreement, Employer employed
Executive as its President, United States;
WHEREAS, Employer desires to employ executive as its Chief Financial
Officer on the terms and conditions set forth in the Employment Agreement;
WHEREAS, Executive desires to accept such position on the terms and
conditions set forth in the Employment Agreement;
NOW THEREFORE, in consideration of the premises and the mutual covenants
and promises contained in the Employment Agreement and for the other good and
valuable consideration, Employer, Parent and Executive hereby agree as follows:
1. The Executive Agreement shall be and hereby is modified by
substituting the job title Chief Financial Officer for the title President,
United States whenever and wherever such title so appears.
2. No other term or condition contained in the Employment Agreement is
in any way amended or modified by this Addendum.
IN WITNESS WHEREOF, Parent and Employer have duly executed this Addendum
by their authorized representatives, and Executive has hereunto set his hand, in
each case effective as of the date first above written.
ADDENDUM TO EMPLOYMENT AGREEMENT
CDRJ Investments (Lux) S.A.
By: /s/ Xxxxx X. Xxxxx, III
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Name: Xxxxx X. Xxxxx, III
Title Executive Vice President
Jafra Cosmetics International, Inc.
By: /s/ Xxxxx X. Xxxxx, III
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Name: Xxxxx X. Xxxxx, III
Title: Executive Vice President
Executive:
By: /s/ Xxxxxxx XxXxxxxxxx
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Name: Xxxxxxx XxXxxxxxxx
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