First Amendment to Executive Employment Agreement between First Cash Financial Services, Inc. and Rick L. Wessel

Summary

This amendment updates the employment agreement between First Cash Financial Services, Inc. and Rick L. Wessel, effective March 9, 2007. It changes Mr. Wessel's title to include Chief Executive Officer, adjusts his salary to $700,000 starting January 1, 2007, and confirms that all other terms of the original agreement remain unchanged. Both parties have agreed to these modifications, and Mr. Wessel has had the opportunity to consult legal counsel.

EX-10.3 3 exh10-13.txt AMENDMENT TO EMPLOYMENT AGREEMENT EXHIBIT 10.13 AMENDMENT NO. 1 TO EXECUTIVE EMPLOYMENT AGREEMENT OF RICK L. WESSEL This is the First Amendment ("First Amendment") to the Employment Agreement of Rick L. Wessel entered into as of December 31, 2004 (the "Agreement"), by and between First Cash Financial Services, Inc. (the "Company"), a Delaware corporation, and Rick L. Wessel (the "Executive"). This First Amendment shall apply prospectively and is effective as of March 9, 2007. WHEREAS, Executive is presently employed by the Company pursuant to the Agreement between the parties (said Agreement including all previous amendments and/or addenda, if any), and the parties desire to modify the Agreement as set forth below. NOW, THEREFORE, in consideration of the mutual covenants and obligations hereinafter set forth, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows: 1. In paragraph 3(a) of the Agreement, after the term "President," insert the phrase "and Chief Executive Officer ("CEO")." 2. In the first sentence of paragraph 3(c), after the word "President," insert the phrase "and CEO." In the last sentence of paragraph 3(c), after the word "President," insert the phrase "and CEO." 3. In paragraph 7 of the Agreement, after the term "$550,000," insert the phrase "through December 31, 2005, $605,000 from January 1, 2006 to December 31, 2006, and $700,000 beginning January 1, 2007." 4. Except as modified herein, the remainder of the Agreement shall remain unchanged. EXECUTIVE ACKNOWLEDGES THAT HE HAS BEEN GIVEN THE OPPORTUNITY TO DISCUSS THIS FIRST AMENDMENT WITH HIS PRIVATE LEGAL COUNSEL AND HAS AVAILED HIMSELF OF THAT OPPORTUNITY. FIRST CASH FINANCIAL SERVICES, INC. EXECUTIVE By:_____________________________ ______________________________ Phillip E. Powell Rick L. Wessel Chairman of the Board