EXHIBIT 10.20
SECOND AMENDMENT
This Second Amendment to the Employment Agreement of Xxxxxx X. Xxxxx
("Second Amendment") is entered into by and between Xxxxxx X. Xxxxx ("Employee")
and Mannatech, Incorporated ("Employer"), as of this the 1st day of January,
2002, and amends that certain Employment Agreement entered into by and between
the Employee and the Employer, effective April 1, 2000 and as amended on August
15, 2000 ("First Amendment").
ARTICLE I.
Paragraph 1, "Term" of the Agreement is hereby renewed until December 31,
2004.
Paragraph 2, "Compensation" is amended to reflect an increase in salary of
$50,000 to $400,000 (Four Hundred Thousand Dollars) per annum commencing January
1, 2002.
ARTICLE V.
Paragraph 13, Notice is changed to:
Xxxxxx X. Xxxxx
000 Xxx Xxxxx Xxxxx
Xxxxxxxxx, Xxxxx 00000
In all other things except the foregoing Amendment, the Agreement shall
remain in full force and effect.
Effective this 1st day of January, 2002.
MANNATECH, INCORPORATED
/s/ Xxxxxx X. Xxxxx By: /s/ Xxxxx Xxxxxxxxx
-------------------------- -------------------------------
Xxxxxx X. Xxxxx Xxxxx Xxxxxxxxx
Its: Co-Chairman
Second Amendment - Solo Page
