Extension and Amendment Agreement to 1989 Agreement between Oil-Dri Corporation of America and Richard M. Jaffee
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Summary
Oil-Dri Corporation of America and Richard M. Jaffee have agreed to extend the term of their original 1989 agreement until July 31, 2009. Additionally, Paragraph 2(b) of the original agreement will be deleted effective August 1, 1999. All other terms of the 1989 agreement remain unchanged and in effect. This amendment is signed by both parties and dated October 9, 1998.
EX-10.12 3 exhibit10-12.htm EXTENSION AND AMENDMENT, DATED OCTOBER 9, 1998
EXHIBIT 10.12
OIL-DRI CORPORATION OF AMERICA
| Re: | Extension and Amendment of Agreement made August 1, 1989, between Oil-Dri Corporation of America (“Oil- Dri”) and Richard M. Jaffee (“Jaffee”) (“1989 Agreement”) | |||
| Is agreed that | ||||
| 1. | The term of the 1989 Agreement is extended so as to expire July 31, 2009, and, to that end, Paragraph 19 is amended to substitute “July 31, 2009” for July 31, 1999.” | |||
| 2. | Effective August 1, 1999, Paragraph 2 (b) of the 1989 Agreement is deleted. | |||
| 3. | In all other respects, the 1989 Agreement shall remain in full force and effect. | |||
| OIL-DRI CORPORATION OF AMERICA | ||
| By: | /s/ Daniel S. Jaffee | |
| President | ||
| /s/ Richard M. Jaffee | ||
| Richard M. Jaffee | ||
| Dated: 10/9/98 | ||
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