EXHIBIT 10.19
FIRST AMENDMENT
This First Amendment to the Employment Agreement of Xxxxxx X. Xxxxx
("Amendment") is entered into by and between Xxxxxx X. Xxxxx ("Employee") and
Mannatech, Incorporated ("Employer"), as of this the 15th day of August, 2000,
and is in partial amendment of that certain Employment Agreement entered into by
and between the Employee and the Employer, effective April 1, 2000
("Amendment").
The Agreement is hereby amended as pertinent part of Article I, Paragraph
3, to read as follows:
"Until July 31, 2001, the Employee shall be entitled to the reimbursement
of all legitimate expenses incurred as an Employee of the Employer, which
shall also specifically include air fare to and from his home in New Jersey
and reasonable living expenses until such time as Employee shall have moved
his residence to the Dallas-Fort Worth, Texas area. The Company shall also
pay the reasonable costs of relocation by the Employee and his family to
the Dallas-Fort Worth area, which shall include realtor's fees and
reasonable related expenses in connection with the sale of his New Jersey
home, and customary reasonable fees and expenses payable by a buyer in
connection with the acquisition of a Texas property in the Dallas-Fort
Worth area. Further, any negative tax consequences accruing to the
Employee, if any resulting from payments under this provision shall be
reimbursed by the Company."
In all other things except the foregoing Amendment, the Agreement shall
remain in full force and effect.
Agreed this the 15th day of August, 2000.
Employee Company
Mannatech, Incorporated
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Xxxxxx X. Xxxxx Its: Chairman of the Board
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First Amendment - Solo Page
