Amendment No. 6 to Employment Contract between Federal Agricultural Mortgage Corporation and Jerome G. Oslick
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Summary
This amendment updates the employment contract between the Federal Agricultural Mortgage Corporation and Jerome G. Oslick. Effective July 1, 2006, Mr. Oslick's base salary is set at $261,305 per year, paid bi-weekly. All other terms of the original agreement, as previously amended, remain unchanged and in effect.
EX-10.5.6 5 amend6toemploymentcontract.htm AMENDMENT NO. 6 TO EMPLOYMENT CONTRACT Amendment No. 6 To Employment Contract
Exhibit 10.5.6
AMENDMENT NO. 6 TO EMPLOYMENT CONTRACT
AGREED, as of the 1st day of June 2006, between the Federal Agricultural Mortgage Corporation (FAMC) and Jerome G. Oslick (the employee), that the existing employment contract between the parties hereto, dated as of February 1, 2000, as amended through June 16, 2005 (collectively, the Agreement), be and hereby is amended as follows:
Section 3 (a) of the Agreement is replaced in its entirety with the following new section:
3 (a). Base Salary. As of July 1, 2006, you will be paid a base salary (the Base Salary) during the Term of Two Hundred Sixty-One Thousand Three Hundred Five Dollars ($261,305) per year, payable in arrears on a bi-weekly basis.
As amended hereby, the Agreement remains in full force and effect.
Federal Agricultural Mortgage Corporation Employee
By: /s/ Henry D. Edelman /s/ Jerome G. Oslick
President
