AMENDMENT TO EMPLOYMENT AGREEMENT (GERALD DIAMOND)

EX-10.52 4 g78545exv10w52.txt AMENDMENT TO EMPLOYMENT AGREEMENT (GERALD DIAMOND) EXHIBIT 10.52 AMENDMENT TO EMPLOYMENT AGREEMENT THIS AMENDMENT TO EMPLOYMENT AGREEMENT is made this 11 day of September, 2002, but effective as of January 1, 2002, between SED INTERNATIONAL, Inc., a Georgia corporation (the "Subsidiary") and wholly owned subsidiary of SED INTERNATIONAL HOLDINGS, INC., a Georgia corporation (the "Company"), and GERALD DIAMOND, an individual resident of the State of Georgia (the "Employee"). WITNESSETH: WHEREAS, Employee and the Subsidiary have entered into an Employment Agreement (as amended, the "Agreement") setting forth the terms and conditions of Employee's employment with the Subsidiary; and WHEREAS, Employee and the Subsidiary agree that it is in the best interest of both parties to make certain modifications to the terms and conditions of Employee's employment with the Subsidiary. NOW, THEREFORE, in consideration of the foregoing, the continued employment of the Employee, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 1. The provisions of the Agreement which provide the Employee with an automobile allowance are hereby modified so as to restrict the type of car Employee may purchase using the allowance to Mercedes-Benz S-Class, and so as to increase said allowance to enable the Employee to replace the car provided by the employer once each year rather than once every three years. 2. Except as otherwise provided for herein, all other provisions of the Agreement shall remain in full force and effect and Employee's employment thereunder shall continue on the terms described therein throughout the term of the Agreement, as amended hereby. IN WITNESS WHEREOF, the parties have duly executed and delivered this Amendment to Employment Agreement as of the day and year first indicated above. "COMPANY": "EMPLOYEE": SED INTERNATIONAL HOLDINGS, INC., By: /s/ Gerald Diamond a Georgia corporation Gerald Diamond By: /s/ Mark Diamond Chairman of the Board, Mark Diamond Chief Executive Officer and President and COO Director (principal executive officer) "SUBSIDIARY": SED INTERNATIONAL, INC., a Georgia corporation By: /s/ Mark Diamond Name and Title: Mark Diamond, President & COO