Legal Proceedings

EX-10.23A 24 p66291ex10-23a.txt EX-10.23(A) Exhibit 10.23(a) AMENDMENT TO EMPLOYMENT AGREEMENT OF SAM MAHDAVI This is an Amendment made on the 12th day of November, 2001 to the EMPLOYMENT AGREEMENT dated May 12, 1998 between QUINCY JOIST COMPANY, a Florida corporation (the "Company"), SCHUFF INTERNATIONAL, INC. (fka Schuff Steel Company), a Delaware corporation (the "Parent"), and SAM MAHDAVI, an individual ("Executive"). RECITALS The parties desire to amend the EMPLOYMENT AGREEMENT on the terms and conditions set forth herein. NOW THEREFORE, in consideration of the mutual covenants, agreements, representations, and warranties contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows: 1. No further stock options will be granted pursuant to Paragraph 5 of the Employment Agreement and Schedule C thereto, entitled "Incentive Stock Option Plan." 2. Executive will receive an additional annual cash bonus payment in the amount of $1 per share for each option that would have been granted to Executive, but for this AMENDMENT. Except as specifically amended herein, the EMPLOYMENT AGREEMENT remains in full force and effect. In witness whereof, the parties have executed this AMENDMENT TO THE EMPLOYMENT AGREEMENT of the date written above. SCHUFF INTERNATIONAL, INC. A DELAWARE CORPORATION By: /s/ Scott Schuff ------------------------------ Printed Name: Scott Schuff QUINCY JOIST COMPANY, A FLORIDA CORPORATION By: /s/ Scott Schuff ------------------------------ Printed Name: Scott Schuff By: /s/ Sam Mahdavi ------------------------------ SAM MAHDAVI