EXHIBIT 10.22(a)
AMENDMENT TO EMPLOYMENT AGREEMENT OF
XXXX X. XXXXX
This is an Amendment made on the 12th day of November, 2001 to the
EMPLOYMENT AGREEMENT dated May 12, 1998 between ADDISON STEEL, INC., a Florida
corporation (the "Company"), XXXXXX INTERNATIONAL, INC. (fka Xxxxxx Steel
Company), a Delaware corporation (the "Parent"), and XXXX X. XXXXX, an
individual ("Executive").
RECITALS
The parties desire to amend and enter into an AMENDMENT of the EMPLOYMENT
AGREEMENT on the terms and conditions set forth herein.
NOW THEREFORE, in consideration of the mutual covenants, agreements,
representations, and warranties contained herein and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties agree as follows:
1. No further stock options will be granted pursuant to Paragraph 5 of
the Employment Agreement and Schedule C thereto, entitled "Incentive
Stock Option Plan."
2. Executive will receive an additional annual cash bonus payment in
the amount of $ 1 per share for each option that would have been
granted to Executive, but for this AMENDMENT.
Except as specifically amended herein, the EMPLOYMENT AGREEMENT remains in
full force and effect.
In witness whereof, the parties have executed this AMENDMENT TO THE
EMPLOYMENT AGREEMENT of the date written above.
XXXXXX INTERNATIONAL, INC. A DELAWARE CORPORATION
By: /s/ Xxxxx Xxxxxx
-------------------------------
Printed Name: Xxxxx Xxxxxx
---------------------
ADDISON STEEL, INC., A FLORIDA CORPORATION
By: /s/ Xxxx X. Xxxxx
-------------------------------
Printed Name: Xxxx X. Xxxxx
---------------------
By: /s/ Xxxx X. Xxxxx
-------------------------------
XXXX X. XXXXX
