Amendment to Employment Agreement between Glenn D. McDowell and Employer (Effective December 2, 2008)

Signature:

/s/ Glenn D. McDowell

Print Name: Glenn D. McDowell

Summary

This amendment updates the employment agreement between Glenn D. McDowell and his employer, originally effective May 24, 2007. The changes extend the employment term to December 31, 2011, and modify the termination notice requirements, now requiring 90 days' prior written notice for termination. All other terms of the original agreement remain unchanged. Both parties have agreed to these amendments as indicated by their signatures.

EX-10.3 4 h65118exv10w3.htm EX-10.3 exv10w3

Exhibit 10.3

AMENDMENT TO EMPLOYMENT AGREEMENT

Sections 1 and 11 of the Employment Agreement are hereby amended effective the 2nd day of December, 2008 (“Amendment”) by and between the parties to the Employment Agreement (as named below), effective the 24th day of May, 2007 (“Employment Agreement”) for the purpose of making the following changes:

Section 1 shall be revised to read as follows:

Section 1. Term. Employer hereby continues the employment of Employee and Employee hereby accepts continued employment with Employer for a term (the “Term”) beginning on the effective date hereof (“Commencement Date”) and continuing until December 31, 2011.

Section 11 shall be revised as follows in the second full paragraph thereof: Line 12 — the word “termination” shall be removed and replaced with “Term” and Line 14 — the words “at any time” shall be removed and replaced with “upon 90 days prior written notice”.

Except as set forth above in this Amendment, the Employment Agreement shall remain unchanged and in full force and effect.

As evidenced by signature below, the parties to the Agreement and this Amendment agree to the terms and conditions of this Amendment, both as to form and substance.

EMPLOYEE:

EMPLOYER: