Annual Review Agreement between 21st Century Holding Company and J. Gordon Jennings, III

Summary

This agreement, dated December 19, 2005, is between 21st Century Holding Company and employee J. Gordon Jennings, III. The Company agrees to review Mr. Jennings' job performance each year. Based on this review and the Company's overall results, Mr. Jennings may receive a salary increase of up to 5% over the previous year. The agreement is binding on both parties and their successors or representatives.

EX-10.2 3 v032071_ex10-2.txt EXHIBIT 10.2 ANNUAL REVIEW AGREEMENT THIS ANNUAL REVIEW AGREEMENT (the "Agreement") is entered into on December 19, 2005 by and between J. Gordon Jennings, III (the "Employee") and 21st Century Holding Company, a Florida corporation (the "Company"). The Company agrees to review the Employee's performance on an annual basis and based on the conclusions of such review and the Company's overall performance, the Employee may be entitled to a salary increase of up to five percent (5%) over the previous year. This agreement shall be binding upon and inure to the benefit of the parties, their successors, assigns, and personal representatives. IN WITNESS WHEREOF, this Agreement has been duly signed by the parties hereto on the day and year first above written. 21ST CENTURY HOLDING COMPANY By: /s/ Edward J. Lawson ----------------------------------- Name: Edward J. Lawson --------------------------------- Title: President & CEO -------------------------------- /s/ J. Gordon Jennings, III --------------------------------------- J. Gordon Jennings, III, EMPLOYEE