EXHIBIT 10.22
AMENDMENT TO THE CHANGE OF CONTROL EMPLOYMENT AGREEMENT
AMENDMENT, dated as of December 9, 1997 ("this Amendment"), to the
Employment Agreement, dated as of July 25, 1996 (the "Change of Control
Employment Agreement"), by and between American Stores Company, a Delaware
corporation (the "Company"), and Xxxxxx X. Xxxx (the "Executive").
WHEREAS, the parties hereto desire to amend the Change of Control
Employment Agreement;
NOW THEREFORE, in consideration of the premises, the parties hereto agree
as follows:
1. Section 12 (f) of the Change of Control Employment Agreement is hereby
amended to read as follows:
"(f) Prior to the Effective Date, the Executive's employment shall be governed
by the agreement between the parties dated November 1, 1994, as amended(the
"Prior Agreement"). From and after the Effective Date this Agreement shall
supersede any other agreement between the parties with respect to the subject
matter hereof, including, without limitation, the Prior Agreement; provided,
however, that the provisions of Section VI-B and Section VI-D of the Prior
Agreement shall remain in full force and effect."
2. This Amendment shall be governed by and construed in accordance with
the laws of Delaware, without reference to principles of conflicts of law.
3. This Amendment may be executed in several counterparts, each of which
shall be deemed an original, and said counterparts shall constitute but one and
the same instrument.
IN WITNESS WHEREOF, the Company and the Executive have executed this
Amendment as of the date first above written.
AMERICAN STORES COMPANY EXECUTIVE
BY:
Name: Xxxxxxxx X. XxXxxxxxx Xxxxxx X. Xxxx
Title: Chief Legal Officer
