AMENDMENT TO EMPLOYMENT AGREEMENT
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Human Resources
- Employment Agreements
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:
Signature: | /s/ Glenn D. McDowell | |||||
Print Name: Glenn D. McDowell |
EMPLOYER:
By: | /s/ Daniel C. Arnold | |||||
Daniel C. Arnold, Chairman of the Board of Directors |