AMENDMENT NO. 1 TO EMPLOYMENT AGREEMENT
THIS AGREEMENT made and entered into as of this 5th day of June, 2000,
by and between ▇▇▇▇▇▇▇ FOODS, INC., a Minnesota corporation (hereinafter
referred to as "▇▇▇▇▇▇▇ Foods"), and ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ (hereinafter referred to
as "▇▇▇▇▇▇▇").
WHEREAS, ▇▇▇▇▇▇▇ Foods and ▇▇▇▇▇▇▇ have heretofore entered into an
employment agreement dated as of July 15, 1999; and
WHEREAS, ▇▇▇▇▇▇▇ Foods and ▇▇▇▇▇▇▇ desire to amend Section 2 (a)(ii)
and Section 2 (b)(i) of said agreement to amend and clarify certain terms
thereof.
NOW, THEREFORE, in consideration of the premises and of the terms and
conditions set forth, the parties agree as follows:
1. Section 2(a)(ii) of the employment agreement between ▇▇▇▇▇▇▇ Foods
and ▇▇▇▇▇▇▇ is hereby amended by substituting for the phrase "substantially all
of his attention and time", the following:
three-quarters (3/4) of customary full time attention and time
2. Section 2(b)(i) of the employment agreement between ▇▇▇▇▇▇▇ Foods
and ▇▇▇▇▇▇▇ is hereby amended by substituting for the phrase "Effective
immediately, and during the Employment Period, the Executive shall receive an
annual base salary ("Annual Base Salary") of at least $270,000", the following:
Effective June 5, 2000, and during the Employment Period, the
Executive shall receive an annual base salary ("Annual Base
Salary") of at least $200,000
Except as otherwise provided herein, the employment agreement between ▇▇▇▇▇▇▇
Foods and ▇▇▇▇▇▇▇ shall remain in full force and effect.
IN WITNESS WHEREOF, the parties have executed this Agreement the date
and year above written.
▇▇▇▇▇▇▇ FOODS, INC.
By /s/ ▇▇▇▇ ▇▇▇▇▇
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Its Vice President - Finance
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/s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
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▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
