Amendment to Employment and Severance Agreement between Steiner Leisure Limited and Stephen Lazarus

Contract Categories: Human Resources › Severance Agreements
Summary

This amendment updates the Employment and Severance Agreement between Steiner Leisure Limited and Stephen Lazarus, effective January 1, 2015. It changes Mr. Lazarus's position to Chief Operating Officer and Chief Financial Officer. All other terms of the original agreement remain unchanged. The amendment is signed by both parties to confirm their acceptance of these changes.

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EX-10.33 2 exh_1033a.htm EXHIBIT 10.33(A) exh_1033.htm
EXHIBIT 10.33(a)
 
AMENDMENT TO EMPLOYMENT AND SEVERANCE AGREEMENT

This Amendment to Employment and Severance Agreement (this “Amendment”) is made this December 3, 2014 between Steiner Leisure Limited, a Bahamas international business company (the “Company”) and Stephen Lazarus (“Employee”), to be effective as indicated herein.

WHEREAS, the Company and Employee entered into an Employment and Severance Agreement dated February 3, 2011 (the “Agreement”) and the Company and Employee wish to amend the terms of the Agreement as set forth in this Amendment.

NOW, THEREFORE, in consideration of the premises and mutual agreements hereinafter contained, the parties hereto agree as follows:

1. Amendment to Section 1 of the Agreement.  The first sentence of Section 1 of the Agreement is hereby deleted in its entirely and replaced with the following:

Effective on the Effective Date (as defined in Section 2, below), the Company hereby employs Employee as Chief Operating Officer and Chief Financial Officer of the Company and Employee hereby accepts such employment.

2. Effective Date.  The effective date of this Amendment shall be January 1, 2015.

3. Defined Terms.  Capitalized terms used in this Amendment but not defined shall have the same meaning as in the Agreement.

4. No Other Amendment.  Except as set forth in this Amendment, all provisions of the Agreement shall remain in full force and effect.

IN WITNESS WHEREOF, the parties have executed these presents as of the day and year first above written.
 
  STEINER LEISURE LIMITED
 
 
 
    By:  
Stephen Lazarus Name:
Leonard Fluxman
  Title:
President and CEO