Third Amendment to Employment Agreement between Unico American Corporation and Cary L. Cheldin
Unico American Corporation and Cary L. Cheldin have agreed to extend the term of their existing employment agreement. The new end date for the agreement is December 31, 2017, instead of December 31, 2014. All other terms and conditions of the original employment agreement remain unchanged. Both parties have signed and dated this amendment to confirm their agreement.
EXHIBIT 10.1
THIRD AMENDMENT TO EMPLOYMENT AGREEMENT
The Employment Agreement dated December 15, 2007 by and between Unico American Corporation (“Company”) and Cary L. Cheldin (“Employee”), as previously amended
(the “Employment Agreement”), is hereby further amended as follows:
A. The first sentence of Paragraph 6 of the Employment Agreement is amended by changing the end of the term from December 31, 2014 to December 31, 2017.
B. All other terms and conditions of the Employment Agreement remain unchanged.
COMPANY:
Unico American Corporation
By: /s/ Lester A. Aaron Date: 9/21/2012
Lester A. Aaron, Treasurer & Chief Financial Officer
EMPLOYEE:
By: /s/ Cary L. Cheldin Date: 9/21/2012
Cary L. Cheldin
