EXHIBIT 10.18
AMENDMENT TO EMPLOYMENT AGREEMENT
THIS AMENDMENT TO EMPLOYMENT AGREEMENT (the "Amendment"), made as of this 4th
day of November, 2003, by and between Cronos Containers Inc., a California
corporation (the "Employer"), and Xxxx X. Xxx (the "Employee"),
W I T N E S S E T H:
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WHEREAS, Employer and Employee entered into an Employment Agreement, dated as of
April 1, 1999, as amended on December 1, 1999, on December 1, 2000, on December
1, 2001, on October 15, 2002, and on November 5, 2002 (hereinafter, the
"Employment Agreement"); and
WHEREAS, pursuant to paragraph "First" of the Employment Agreement, Employer
agreed to employ Employee, and Employee agreed to serve in the employ of the
Employer, on an exclusive and full-time basis, as the Senior Vice President of
Employer, through November 30, 2004, subject to earlier termination pursuant to
the provisions of the Employment Agreement; and
WHEREAS, Employer and Employee desire to extend the term of the Employment
Agreement;
NOW, THEREFORE, in consideration of the mutual covenants herein contained and
other good and valuable consideration, the parties hereto agree as follows:
1. Extension of Term of Employment Agreement. Employer agrees to employ
the Employee, and the Employee agrees to serve in the employ of the Employer, on
an exclusive and full-time basis, in the position identified for Employee in the
Employment Agreement, subject to the supervision and direction of that person or
persons set forth in the Employment Agreement, through November 30, 2005, unless
such period is sooner terminated pursuant to the provisions of paragraphs
"FIFTH," "SIXTH," or "SIXTEENTH" of the Employment Agreement.
2. Continuance in Force of Employment Agreement. Other than as
specifically amended hereby, the terms and provisions of the Employment
Agreement shall remain in full force and effect.
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EXHIBIT 10.18
IN WITNESS WHEREOF, the Employer and the Employee have signed this Amendment,
effective as of the date and year first above written.
"EMPLOYER"
CRONOS CONTAINERS INC.
By /s/ XXXXXX X XXXXX
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Its Director
"EMPLOYEE"
/s/ XXXX X XXX
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Xxxx X. Xxx
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