EXHIBIT 10.1
AMENDMENT
TO
EMPLOYMENT AGREEMENT
OF
XXXXX X. XXXXX
This Amendment to Employment Agreement of Xxxxx X. Xxxxx is by and between
FRED'S, INC., a Tennessee Corporation with offices at 0000 Xxx Xxxxxxx Xxxx,
Xxxxxxx, Xxxxxxxxx 00000 (Company) and XXXXX X. XXXXX, whose address is 00
Xxxxxxxx Xxxx Xxxx, Xxxx, Xxxxxxxxx 00000 (Executive).
In consideration of the mutual covenants and conditions herein set forth,
the Parties hereto agree and each of them agrees to said amendments as follows:
1. Provision number one (#1) of said contract is amended to change the
commencement date to "from and after February 2, 2009 (the "Initial
Term") ..."
2. The first sentence of Provision number two (#2) is amended to read as
follows: "Executive agrees to serve as Company's "Chief Executive
Officer and President during the term ..."
3. Said amendments are effective as of February 2, 2009.
4. All other Terms and Conditions of said Contract remain in full force
and effect.
Dated this the 16th day of February, 2009.
WITNESS; FRED'S, INC.
/s/ Xxxxxxx X. Xxxx By: /s/ Xxxxxxx X. Xxxxx
----------------------------------- ----------------------------------------
Xxxxxxx X. Xxxxx, Chairman of
the Board of Directors
WITNESS;
/s/ Xxxxxxx X. Xxxx /s/ Xxxxx X. Xxxxx
----------------------------------- --------------------------------------
XXXXX X. XXXXX, Executive
