AMENDMENT TO EMPLOYMENT AGREEMENT
The undersigned hereby agree to amend the Employment Agreement dated as of the
1st day of March 1996 between Complete Management, Inc. and Xxxxxx X. Xxxxxxxx
(the "Employment Agreement") as follows:
The first sentence of paragraph 3(a) of the employment agreement shall
read:
"(a) Xxxxxxxx'x base compensation shall be at the rate of $200,000.00
per year, payable in regular installments with the Company's practice
for its executives, less applicable withholding for income and
employment taxes as required by law and other deductions as to which
Xxxxxxxx shall agree."
The caption and the first sentence of subparagraph (a) of paragraph 7
of the Employment Agreement shall read:
"7. Termination by the Company.
The Company may terminate Xxxxxxxx'x employment, for any reason, at any time
prior to June 25, 1996 by giving written notice of such termination under this
paragraph 7."
COMPLETE MANAGEMENT, INC.
By: /s/ Xxxxxx X. Xxxxxxxxxx
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Xxxxxx X. Xxxxxxxxxx,
Chief Executive Officer
Accepted July 1, 1996
/s/ Xxxxxx X. Xxxxxxxx
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Xxxxxx X. Xxxxxxxx
