XXXX STORES, INC.
FISCAL 1999 FORM 10-K
EXHIBIT 10.34
AMENDMENT TO EMPLOYMENT AGREEMENT
THIS AMENDMENT TO EMPLOYMENT AGREEMENT (the "Amendment") is made
effective as of February 25, 2000, by and between Xxxx Stores, Inc. (the
"Company") and Xxxxxxx Xxxxxxx (the "Executive"). The Executive and the
Company previously entered into an Employment Agreement dated as of February
3, 1999 (the "Agreement") and now intend to amend the Agreement to clarify
certain terms and conditions of the Agreement, as set forth below.
I. The Agreement is hereby amended as follows:
A. MITIGATION NOT REQUIRED. Paragraph 17
[Mitigation Not Required]of the Agreement is amended in its entirety as
follows:
If the Executive's employment with the Company is terminated for any
reason, the Executive shall not be obligated to seek other
employment following such termination; provided, however, that the
amount of salary and bonus to which the Executive will be entitled
under paragraph 9 hereof shall be reduced by the amount of salary
and/or bonus earned by the Executive for services performed for
another employer during the period that the Executive is entitled to
receive continued salary or bonus payments under paragraph 9 hereof.
B. NO OTHER MODIFICATIONS. Except as modified by this
Amendment, the Agreement shall remain in full force and effect.
XXXX STORES, INC. EXECUTIVE
By: /s/ Xxxxxx X. Xxxxxx /s/ Xxxxxxx Xxxxxxx
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Chairman of the Board Xxxxxxx Xxxxxxx
March 20, 2000
