Exhibit 10.13
AMENDMENT NO.1 EMPLOYMENT AGREEMENT
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THIS AMENDMENT NO.1 ("Amendment ") to the Employment Agreement dated
as of December 2,1997, by and between World Airways, Inc., a Delaware
corporation, its Successors and assigns (hereinafter "World") and Xxxxxxx X.
Xxx, Xx. ("Xxx") (the "Employment Agreement") is dated September 16,1998.
WHEREAS, Ray was elected Chairman of the Board of Directors on
June 17,1998, and Continues to serve as President and Chief Executive Officer.
NOW, THERFORE, World and Ray, in consideration of the mutual
covenants and promises contained herein, do hereby agrees as follows:
1. The title of Chairman shall be added to the titles President and Chief
Executive officer and wherever they appear in the Agreement.
2. The term of employment shall be through September 30, 2000.
3. The parties agree no change in compensation will be made in connection
with Xx. Xxx'x June 17, 1998, appointment as Chairman of the Board. The parties
agree that, at such time as the Board elects a new officer to fill any of the
positions now held by Xx. Xxx, appropriate changes will be made to Xx. Xxx'x
compensation by mutual agreement.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date and year first above written.
WORLD AIRWAYS, INC
BY: /s/ Xxxxxx X. Xxxxxxxxx
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Xxxxxx X. Xxxxxxxxx
Chairman of the Executive Committee
/s/ Xxxxxxx X. Xxx, Xx
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Xxxxxxx X. Xxx, Xx
