Amendment and Restatement of Section 2. 2(A) of the Loan Agreement. Effective as of the Effective Date, Section 2.2(A) of the Loan Agreement is hereby amended and restated in its entirety to read as follows:
Amendment and Restatement of Section 2. 1. Section 2.1 of the Agreement is hereby amended and restated in its entirety to read as follows:
Amendment and Restatement of Section 2. 2(g). Section 2.2(g) of the Agreement is relabeled as Section 2.2(f) and is amended and restated to read as follows:
Amendment and Restatement of Section 2. 13(d). Section 2.13(d) of the Credit Agreement is hereby amended and restated in its entirety as follows:
Amendment and Restatement of Section 2. 1. Section 2.1 of the Agreement is hereby amended and restated in its entirety as follows: Effective as of January 1, 2008, the Executive shall receive for all services rendered under this Agreement an annualized base salary of $252,000, subject to federal and state withholding requirements, payable in accordance with the Company’s usual payroll practices. Such salary shall be adjusted no less than annually at the discretion of the Compensation Committee of the Board, but in no event will the base salary be reduced.
Amendment and Restatement of Section 2. 2: Pursuant to Section 6.6(a) of the Agreement, the parties hereby delete current Section 2.2 of the Agreement and amend and restate such Section 2.2 in its entirety to read as follows:
Amendment and Restatement of Section 2. 5. Section 2.5 of the Contribution Agreement is hereby amended and restated in its entirety as follows:
Amendment and Restatement of Section 2. 04. Section 2.04 of the Agreement (Closing Deliveries by the Seller) is hereby amended and restated in its entirety to read as follows: “At the Closing the Seller shall deliver or cause to be delivered to the Purchaser:
Amendment and Restatement of Section 2. 1(a). Section 2.1(a) of the Merger Agreement shall be deleted in its entirety, and a new Section 2.1(a), which shall read as set forth below, shall be added to the Merger Agreement:
Amendment and Restatement of Section 2. Section 2 of the Employment Agreement shall be amended and restated in its entirety to read as follows: "Subject to earlier termination in accordance with Section 4 below, Executive's employment as Chairman of the Board, President and Chief Executive Officer of United pursuant to the terms of this Agreement will become effective on September 2, 2002 (the "Employment Date") and will expire on the close of business on September 1, 2011 (the term of Executive's employment hereunder, the "Employment Period"). Except with respect to those provisions which by their terms survive the expiration of this Agreement, this Agreement will terminate upon the expiration of the Employment Period."
