EXHIBIT 10.22
AMENDMENT TO MEMORANDUM EMPLOYMENT AGREEMENT
THIS AMENDMENT TO MEMORANDUM EMPLOYMENT AGREEMENT (the "Amendment"), made as of
this 4th day of November, 2003, by and between Cronos Containers S.r.L., an
Italian corporation (the "Employer"), and Xxxx Xxxxxxxxxxx (the "Employee"),
W I T N E S S E T H:
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WHEREAS, Employer and Employee entered into a Memorandum Employment Agreement,
dated as of December 1, 1999, as amended on December 18, 2001 and November 5,
2002 (hereinafter, the "Employment Agreement"); and
WHEREAS, pursuant to clauses 1.1 and 12.1 of the Employment Agreement, Employer
agreed to employ Employee, and Employee agreed to serve in the employ of the
Employer, on an exclusive and full-time basis, as the Vice President of Europe
of Employer, through November 30, 2004, subject to earlier termination pursuant
to the provisions of the Employment Agreement; and
WHEREAS, Employer and Employee desire to extend the term of the Employment
Agreement;
NOW, THEREFORE, in consideration of the mutual covenants herein contained and
other good and valuable consideration, the parties hereto agree as follows:
5. Extension of Term of Employment Agreement. Employer agrees to employ
the Employee, and the Employee agrees to serve in the employ of the Employer, on
an exclusive and full-time basis, in the position identified for Employee in the
Employment Agreement, subject to the supervision and direction of that person or
persons set forth in the Employment Agreement, through November 30, 2005, unless
such period is sooner terminated by either party giving the other not less than
three (3) months written notice and pursuant to the provisions of the Employment
Agreement.
6. Continuance in Force of Employment Agreement. Other than as
specifically amended hereby, the terms and provisions of the Employment
Agreement shall remain in full force and effect.
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EXHIBIT 10.22
IN WITNESS WHEREOF, the Employer and the Employee have signed this Amendment,
effective as of the date and year first above written.
"EMPLOYER"
CRONOS CONTAINERS S.R.L.
By /s/ XXXXX X XXXXXXX
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Its Director
"EMPLOYEE"
/s/ XXXX XXXXXXXXXXX
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Xxxx Xxxxxxxxxxx
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