Amendment No. 3 to Amended and Restated Employment Agreement between Genius Brands International, Inc. and Michael Jaffa
This amendment updates the employment agreement between Genius Brands International, Inc. and Michael Jaffa, the company's COO. It changes the term of employment to four years from the effective date, with any extension requiring written agreement from both parties. No other terms of the original agreement are changed by this amendment. The amendment was signed by both parties on November 13, 2023.
Exhibit 10.22
AMENDMENT #3 TO THE MICHAEL JAFFA AMENDED AND RESTATED EMPLOYMENT AGREEMENT
Paragraph 2 of the Agreement shall be amended and replaced with the following paragraph:
2. Term. Subject to earlier termination as hereafter provided, the Executive shall be employed hereunder for a term commencing on the Effective Date and ending four (4) years thereafter, which term shall only be extended by the written agreement of the parties; it being agreed, however, that neither party is obligated to agree to an extension. The term of the Executive's employment under this Agreement, including any mutually agreed upon extension, is hereafter referred to as “the term of this Agreement” or “the term hereof.” The date of termination of the Executive's employment hereunder is hereinafter referred to as the "Date of Termination."
Amendment #3 is the only change to the Amended And Restated Employment Agreement, as amended, between the Company and the Executive.
IN WITNESS WHEREOF, this Amendment #3 has been executed by the Company, by its duly authorized representative, and by the Executive as of November 13, 2023.
THE COMPANY:
GENIUS BRANDS INTERNATIONAL, INC.
By: /s/ Andy Heyward
Andy Heyward, CEO
THE EXECUTIVE:
/s/ Michael Jaffa
Michael Jaffa, COO
