Exhibit 10.1
THIRD AMENDMENT TO AGREEMENT
THIS AMENDMENT TO AGREEMENT (hereinafter sometimes called this
"Amendment") is made as of the 20th day of September, 2005, by and between
AMERICAN LOCKER GROUP INCORPORATED, a Delaware corporation (hereinafter
sometimes called the "Company") and XXXXXX X. XXXXXXXXXX, an individual formerly
residing in Pittsburgh, Pennsylvania , and now residing in Grapevine, Texas
(hereinafter sometimes called the "Executive").
WITNESSETH:
WHEREAS, the Company and the Executive have executed and delivered, and
entered into, the Employment Agreement dated November 18, 1999 between American
Locker Group Incorporated and Xxxxxx X. Xxxxxxxxxx, as amended by the Amendment
to Employment Agreement dated as of May 20, 2002 and the Second Amendment to
Agreement dated as of March 1, 2005 (hereinafter sometimes collectively called
the "Agreement") providing for, inter alia, the employment of the Executive by
the Company for a term expiring initially on November 18, 2002, as extended to
November 18, 2005; and
WHEREAS, the Company and the Executive, the parties to the Agreement,
wish to amend the Agreement in a certain respect in order to extend further the
term of employment thereunder from November 18, 2005 to December 31, 2005;
NOW, THEREFORE, for good and valuable consideration, the Company and
the Executive, the parties to the Agreement, each intending to be legally bound,
do hereby agree to amend the Agreement by the deletion from Section 2 of the
Agreement of the reference to "November 18, 2005" and the insertion, in lieu
thereof, of the reference to "December 31, 2005."
In all other respects, the Agreement shall remain in full force and
effect.
IN WITNESS WHEREOF, the Company and the Executive, the parties hereto,
have duly executed this Amendment under seal as of the day and year first above
written.
THE COMPANY:
AMERICAN LOCKER GROUP
INCORPORATED
By: /s/ Xxxx X. Xxxxxxxx
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Name: Xxxx X. Xxxxxxxx
Title: Secretary
THE EXECUTIVE:
/s/ Xxxxxx X. Xxxxxxxxxx [Seal]
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Xxxxxx X. Xxxxxxxxxx