Supplement No. 2 to Employment Agreement between Paul Cafiero and AM General Corporation (May 15, 2000)
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Summary
This document is a supplement to the employment agreement between Paul Cafiero and AM General Corporation. Effective May 15, 2000, it amends the salary provision, setting Mr. Cafiero's annual salary at $190,000 or a higher amount as determined by the employer, paid according to the company's standard executive payroll schedule. All other terms of the original agreement and prior supplement remain unchanged and in effect.
EX-10.3.5 4 0004.txt SUPPLEMENT NO. 2, DATED MAY 15, 2000 - CAFIERO EXHIBIT 10.3.5 SUPPLEMENT NO. 2 dated May 15, 2000 to Employment Agreement dated May 1, 1997 between PAUL CAFIERO and AM GENERAL CORPORATION, as amended by Supplement No. 1, dated November 1, 1999 5. Effective as of May 15, 2000, Section 2(a) of the Employment Agreement is amended to read in its entirety as follows: "(a) a salary at the rate of One Hundred Ninety Thousand ($190,000) Dollars per year (or such greater amount as Employer may from time to time determine), payable periodically in accordance with the Employer's usual executive payroll payment procedures; plus" Except as expressly modified hereby, all provisions of the Employment Agreement as supplemented by Supplement No. 1 shall remain in full force and effect. AM GENERAL CORPORATION By: __________________________ Employer By: __________________________ Employee _______________________ Witness
