Thirty-Fourth Amendment to Employment Agreement between PriceSmart, Inc. and Robert M. Gans

Contract Categories: Human Resources › Employment Agreements
Summary

This amendment, dated October 1, 2014, extends the employment agreement between PriceSmart, Inc. and Robert M. Gans for one additional year, changing the end date from October 16, 2014 to October 16, 2015. All other terms of the original agreement remain unchanged. The amendment is signed by both parties and is effective immediately upon execution.

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EX-10.2 3 exhibit102q1fy2015.htm EXHIBIT 10.2 THIRTY-FOURTH AMENDMENT TO EMPLOYMENT AGREEMENT Exhibit 10.2 Q1 FY2015


                    
THIRTY-FOURTH AMENDMENT TO EMPLOYMENT AGREEMENT


This Thirty-Fourth Amendment to Employment Agreement is made and entered into as of October 1, 2014, by and between PriceSmart, Inc., a Delaware Corporation (“Employer”) and Robert M. Gans (“Executive”).

Recitals

A)
On September 20, 1994 an Employment Agreement was made and entered into by and between Executive and Price Enterprises, Inc.

B)
Said Employment Agreement has been assigned to Employer and amended on thirty-three prior occasions;

C)
Employer and Executive now desire to further amend the Employment Agreement, as set forth hereinbelow:

Agreement

1.
Section 3.1 of the Employment Agreement, which currently provides:

3.1    Term. The term of Executive's employment hereunder shall commence on October 17, 1994 and shall continue until October 16, 2014 unless sooner terminated or extended as hereinafter provided (the "Employment Term").

is hereby amended, to provide as follows:

3.1    Term. The term of Executive's employment hereunder shall commence on October 17, 1994 and shall continue until October 16, 2015 unless sooner terminated or extended as hereinafter provided (the “Employment Term”).

2. All other terms of the Employment Agreement, as amended, shall remain unaltered and fully effective.

Executed in San Diego, California, as of the date first written above.


EXECUTIVE                        EMPLOYER
PriceSmart, INC.

Robert M. Gans                    By:                 

______________________                Name:     Jose Luis Laparte    

Its:     CEO and President