ARM FINANCIAL GROUP, INC.
000 XXXX XXXXXX XXXXXX
XXXXXXXXXX, XXXXXXXX 00000
March 20, 1998
Xx. Xxxxx X. Xxxxxxxx
ARM Financial Group, Inc.
000 Xxxx Xxxxxx Xxxxxx
Xxxxxxxxxx, Xxxxxxxx 00000
Dear Xxxxx:
This letter amendment (this "AMENDMENT") sets forth our mutual
understanding concerning an amendment to your Employment Agreement with
ARM Financial Group, Inc. (the "COMPANY") dated as of July 1, 1996, as
amended December 4, 1997 (the "EMPLOYMENT AGREEMENT").
1. Section 5.1.1 is hereby amended by deleting the words "the
penultimate sentence of this Section 5.1.1 and" in the first line of
Section 5.1.1.
2. Section 5.1.1 is hereby further amended by deleting the
penultimate sentence in such Section 5.1.1.
3. This Amendment shall be governed in accordance with the laws of
the State of New York.
4. Except as modified hereby, the Employment Agreement remains in
full force and effect.
2
Please evidence your agreement with this Amendment by executing the
acknowledgment set forth below.
ARM FINANCIAL GROUP, INC.
/s/ Xxxxxx X. Xxxx
-------------------------
Name:
Title:
ACKNOWLEDGED AND
AGREED AS OF THE DATE
FIRST ABOVE WRITTEN
/s/ Xxxxx X. Xxxxxxxx
----------------------
Xxxxx X. Xxxxxxxx
