Common use of Amended Term Clause in Contracts

Amended Term. The first sentence of Section 1 of the Employment Agreement is ------------ herewith deleted and replaced by the following: Continuing from January 1, 1998 and for a period through December 31, 1998 (subject to the provisions of paragraphs 8 and 9, relating to death and incapacity) (the "Term"), the Employer shall employ the Employee, and the Employee shall serve the Employer and perform the chief executive and administrative duties of President of the Employer, subject at all times to the general supervision and direction of the Board of Directors and the Executive Committee of the Board of Directors of the Employer.

Amended Term. The first sentence of Section 1 of the Employment ------------ Agreement is ------------ herewith deleted and replaced by the following: Continuing from January 1, 1998 1997 and for a period through December 31, 1998 1997 (subject to the provisions of paragraphs 8 and 9, relating to death and incapacity) (the "Term"), the Employer shall employ the Employee, and the Employee shall serve the Employer and perform the chief executive and administrative duties of President of the Employer, subject at all times to the general supervision and direction of the Board of Directors and the Executive Committee of the Board of Directors of the Employer.