Third Amendment to Employment Agreement between Fremont General Corporation and James A. McIntyre

Summary

Fremont General Corporation and James A. McIntyre have agreed to amend their original employment agreement, extending the employment period for an additional three years starting August 1, 2000. After this term, the agreement will automatically renew for one-year periods unless either party gives at least 90 days' written notice before the end of the current term. All other terms of the original agreement remain unchanged.

EX-10.9(D) 5 v70618ex10-9d.txt EXHIBIT 10.9(D) 1 EXHIBIT 10.9(d) THIRD AMENDMENT TO EMPLOYMENT AGREEMENT This Amendment is made effective as of August 1, 2000, by and between Fremont General Corporation (the "Company") and James A. McIntyre (the "Executive"). Unless otherwise defined herein, capitalized terms used in this Amendment shall have the same meaning as in the Employment Agreement dated January 1, 1994. WHEREAS, the Executive and the Company entered into an employment agreement dated January 1, 1994, as amended effective as of August 1, 1996 and as amended as of August 1, 1997 (the "Employment Agreement"); and WHEREAS, the Executive and the Company desire to amend the Employment Agreement to extend the employment period to provide additional security to the Executive and to encourage the Executive to continue employment with the Company. NOW, THEREFORE, in consideration of the foregoing recitals and the respective covenants and agreements of the parties contained in this document and in consideration of the continuing employment of Executive by the Company, the Company and the Executive agree to amend the Employment Agreement as follows: 1. Section 2 ("Employment Period") shall be amended by revising subsection (a) thereof to read as follows: "(a) Basic Rule. The employment period (the "Employment Period") began upon the Effective Date and continued for an initial term of three years. Effective as of August 1, 2000, the Employment Period shall be extended for an additional term of three years, unless sooner terminated in accordance with paragraphs (b) - (d) below. After such additional three year Employment Period, or any extension term, the Employment Period shall be automatically extended for additional one year terms unless terminated by either party with at least 90 days' advance written notice prior to the end of the then current term." 3. To the extent not amended hereby, the Employment Agreement is ratified and confirmed in its entirety. IN WITNESS WHEREOF, this Amendment has been entered into as of the date first set forth above. EXECUTIVE FREMONT GENERAL CORPORATION By: - ------------------------------ ------------------------------------------ James A. McIntyre Louis J. Rampino Title: President and Chief Operating Officer Date: By: - ------------------------------ ------------------------------------------ Dickinson C. Ross Title: Chair, Compensation Committee of the Board of Directors