AMENDMENT TO EMPLOYMENT AGREEMENT
This Amendment to Employment Agreement (the "Amendment") is entered
into this 16th day of May, 1996 by and between Campo Electronics,
Appliances and Computers, Inc., a Louisiana Corporation (the "Company") and
Xxxxxxx X. Xxxxx (the "Executive").
WITNESSETH:
WHEREAS, the Executive is presently employed by the Company as the
President and Chief Executive Officer, said employment being pursuant to an
Employment Agreement dated December 16, 1993 (the "Agreement").
WHEREAS, the Compensation Committee of the Board of Directors of the
Company (the "Committee") recognizes that the Executive's contribution to
the growth and success of the Company has been substantial and desires to
provide for the continued employment of the Executive, and the Executive
desires to continue to serve the Company on a full-time basis and upon the
terms and conditions of the Agreement as herein amended.
NOW, THEREFORE, in consideration of the premises and of the respective
representations and warranties and the mutual covenants set forth in the
Agreement, the parties hereto hereby agree to amend the Agreement as
follows:
1. The Initial Term of the Agreement as defined in Section 3 of the
Agreement is hereby extended through December 31, 1997. Executive's
compensation during the fourth year of the extended Initial Term shall
remain the same as currently provided in Section 4 of the Agreement for the
third year of the Initial Term.
2. Section 10 of the Agreement is hereby amended to set forth the
following current addresses of the parties for purposes of notice:
(a) If to the Company:
Campo Electronics, Appliances and Computers, Inc.
000 Xxxxxxxxx Xxxx., Xxxxx 000
Xxxxxxxxx, XX 00000
or at such other address as the Company may have advised Executive in
writing; and
(b) If to the Executive:
Campo Electronics, Appliances and Computers, Inc.
000 Xxxxxxxxx Xxxx., Xxxxx 000
Xxxxxxxxx, XX 00000
3. Except as specifically amended herein, all other terms and
conditions of the Agreement shall remain unchanged and in full force and
effect, and the Agreement, as amended herein shall constitute the entire
understanding and agreement among the parties hereto.
IN WITNESS WHEREOF, the parties hereto have executed this Amendment as
of the day and year first above written.
CAMPO ELECTRONICS, APPLIANCES AND COMPUTERS, INC.
By: /s/ Xxxxxx X. Trail, M.D.
_________________________________________
Name: Xxxxxx X. Trail, M.D.
Title: Chairman, Compensation Committee
EXECUTIVE:
/s/ Xxxxxxx X. Xxxxx
__________________________________________
XXXXXXX X. XXXXX
