1
(Exhibit 10.2)
ADDENDUM
TO
DEFERRED COMPENSATION AGREEMENT
This Addendum to the Deferred Compensation Agreement ("Agreement") is
effective as of July 27, 1991 between The Wackenhut Corporation ("Company") and
Xxxxxxx X. Xxxxxxxxx ("Executive").
As a result of the action taken by the Board of Directors of Company at
its meeting of July 27, 1991, the retirement benefit to Executive shall increase
from $100,000 annually to $175,000 annually. This increased benefit amount
shall apply only after the Retirement Date as defined in the Agreement between
the parties, and shall not increase the amount payable to your Beneficiary(ies)
in the event that you should die prior to reaching such Retirement date.
All other terms of the Agreement between the parties hereto shall
remain the same.
IN WITNESS WHEREOF the parties have executed this Addendum effective
July 27, 1991.
EXECUTIVE COMPANY
The Wackenhut Corporation
/s/ Xxxxxxx X. Xxxxxxxxx By: /s/ X. X. Xxxxx
------------------------- ---------------------
Xxxxxxx X. Xxxxxxxxx Vice President
Attest: /s/ X.X. Xxxxxx
---------------------
(CORPORATE SEAL)
2
ADDENDUM
TO
DEFERRED COMPENSATION AGREEMENT
This Addendum to the Deferred Compensation Agreement ("Agreement") is
effective as of July 27, 1991 between The Wackenhut Corporation ("Company")
and Xxxx X. Xxxxxxxxx ("Executive").
As a result of the action taken by the Board of Directors of Company
at its meeting of July 27, 1991, the retirement benefit to Executive shall
increase from $100,000 annually to $150,000 annually. This increased benefit
amount shall apply only after the Retirement Date as defined in the Agreement
between the parties, and shall not increase the amount payable to your
Beneficiary(ies) in the event that you should die prior to reaching such
Retirement date.
All other terms of the Agreement between the parties hereto shall
remain the same.
IN WITNESS WHEREOF the parties have executed this Addendum effective
July 27, 1991.
EXECUTIVE COMPANY
The Wackenhut Corporation
/s/ Xxxx X. Xxxxxxxxx By: /s/ X.X. Xxxxx
------------------------------ -------------------------------
Xxxx X. Xxxxxxxxx Vice President
Attest: /s/ X.X. Xxxxxx
--------------------------
(CORPORATE SEAL)
3
ADDENDUM
TO
DEFERRED COMPENSATION AGREEMENT
This Addendum to the Deferred Compensation Agreement ("Agreement") is
effective as of July 27, 1991 between The Wackenhut Corporation ("Company") and
Xxxxxxxx Xxxxxxxxx ("Executive").
As a result of the action taken by the Board of Directors of Company
at its meeting of July 27, 1991, the retirement benefit to Executive shall
increase from $50,000 annually to $100,000 annually. This increased benefit
amount shall apply only after the Retirement Date as defined in the Agreement
between the parties, and shall not increase the amount payable to your
Beneficiary(ies) in the event that you should die prior to reaching such
Retirement date.
All other terms of the Agreement between the parties hereto shall
remain the same.
IN WITNESS WHEREOF the parties have executed this Addendum effective
July 27, 1991.
EXECUTIVE COMPANY
The Wackenhut Corporation
/s/ Xxxxxxxx Xxxxxxxxx By: /s/ X. X. Xxxxx, Vice President
---------------------------- -------------------------------
Xxxxxxxx Xxxxxxxxx
Attest: /s/ X.X. Xxxxxx
-------------------------------
(Corporate Seal)
4
ADDENDUM
TO
DEFERRED COMPENSATION AGREEMENT
This Addendum to the Deferred Compensation Agreement ("Agreement")
is effective as of July 27, 1991 between The Wackenhut Corporation
("Company") and Xxxxxx X. Xxxxx ("Executive").
As a result of the action taken by the Board of Directors of
Company at its meeting of July 27, 1991, the retirement benefit to
Executive shall increase from $50,000 annually to $100,000 annually.
This increased benefit amount shall apply only after the Retirement Date
as defined in the Agreement between the parties, and shall not increase
the amount payable to your Beneficiary(ies) in the event that you should
die prior to reaching such Retirement date.
All other terms of the Agreement between the parties hereto shall
remain the same.
IN WITNESS WHEREOF the parties have executed this Addendum
effective July 27, 1991.
EXECUTIVE COMPANY
The Wackenhut Corporation
/s/ Xxxxxx X. Xxxxx By: /s/ X.X. Xxxxx, Vice President
------------------- -------------------------------
Xxxxxx X. Xxxxx
Attest: /s/ X.X. Xxxxxx
--------------------------
(CORPORATE SEAL)
