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Exhibit 10.14
AMENDMENT TO EMPLOYMENT AGREEMENT
THIS AMENDMENT TO EMPLOYMENT AGREEMENT, dated as of January 1, 1996, is
entered into by and between Tandem Computers Incorporated ("Employer") and Xxxxx
X. Xxxxx ("Executive"), to amend the prior employment agreement previously
entered into between Employer and Executive on May 19, 1995 (the "Employment
Agreement").
Employer and Executive hereby agree that Section 2.01 of the Employment
Agreement shall be amended to read as follows:
"2.01 Period of Employment. The initial term of Executive's employment
pursuant to this Agreement will commence on May 19, 1995 (the "Commencement
Date") and, unless terminated at an earlier date in accordance with Section 5.01
of this Agreement, shall continue in effect until September 30, 1998 or as
extended to a later date under Section 5.03(a) or 5.03(e) of this Agreement. The
term of Executive's employment under the terms of this Agreement commencing on
the Commencement Date and ending pursuant to the terms hereof is hereinafter
referred to as the "Period of Employment." The initial Period of Employment
under this Agreement shall be subject to extension in twelve month increments as
follows. Prior to September 1 of each year during the Executive's Period of
Employment, Employer may elect (which election shall be made in writing), in its
sole discretion, to terminate Executive's employment on the third succeeding
September 30. If no such election is made, the term of Executive's employment
pursuant to the terms of this Agreement shall be automatically extended for an
additional twelve month period, under the terms and conditions in effect at the
time of such extension, or with such modifications as Employer and Executive may
then agree."
IN WITNESS WHEREOF, Employer and Executive have executed this Agreement
as of the date set forth in the first paragraph hereof.
EMPLOYER: TANDEM COMPUTERS INCORPORATED
By: /s/ XXXXXX X. XXXXXXX
_________________________________
Xxxxxx X. Xxxxxxx
Chairman of the Board
EXECUTIVE: By: /s/ XXXXX X. XXXXX
_________________________________
Xxxxx X. Xxxxx
Senior Vice President & Chief
Financial Officer
