AMENDMENT NO. 1
TO THE EMPLOYMENT AGREEMENT DATED AS OF JULY 1, 1995
BETWEEN VARI-LITE HOLDINGS, INC. AND X. X. XXXXXXXX III
W I T N E S S E T H :
WHEREAS, Vari-Lite Holdings, Inc. (the "Company") and X. X. Xxxxxxxx III
(the "Executive") entered into an Employment Agreement ("Agreement") dated as of
July 1, 1995; and
WHEREAS, the Company changed its name effective December 27, 1995 to Vari-
Lite International, Inc.; and
WHEREAS, the Executive and the Company desire to amend the Agreement in
certain respects retroactively so as to be effective as of July 1, 1995;
NOW, THEREFORE, in consideration of the foregoing, the Agreement is hereby
amended as follows:
Section 9 of the Agreement is hereby amended by adding to the end thereof a
new subsection (h) reading as follows:
(h) CONTINUED MEDICAL COVERAGE. In addition to any benefit described
in this Section 9, if the employment of the Executive is
terminated for any reason other than for Cause, but the Executive
continues to maintain a relationship with the Company or any of
its affiliates by serving on the Board of Directors of one or
more of such entities, the Executive and his dependents shall be
entitled to continue to be covered under the medical and dental
plans maintained by the Company and its affiliates after the
continuation coverage period provided under the Consolidated
Omnibus Budget Reconciliation Act of 1985, as amended ("COBRA"),
for as long as the Executive continues to serve on the Board of
Directors of the Company or one of its affiliates. The Executive
and his dependents will be required to pay the premium charged by
the medical and the dental plans to COBRA continuees for such
continued coverage and shall be subject to the same requirements
concerning the timing of premium payments as apply to COBRA
continuees under the medical and dental plans.
IN WITNESS WHEREOF the parties hereto have executed this Amendment No. 1 to
the Agreement on this 11th day of August, 1997, but to be effective as of July
1, 1995.
COMPANY:
Vari-Lite International, Inc.
By: /s/ Xxxxxxx X. Xxxxxx
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Xxxxxxx X. Xxxxxx
Vice President - Finance
EXECUTIVE:
/s/ X.X. Xxxxxxxx III
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X. X. Xxxxxxxx III
