EXHIBIT 10.7
AMENDMENT NO. 1 TO EMPLOYMENT AGREEMENT
EMERGENT INFORMATION TECHNOLOGIES, INC.
This Amendment No. 1 to Employment Agreement (this "Amendment") is
entered into as of December 29, 2000 by and between Emergent Information
Technologies, Inc., a California corporation (formerly known as SM&A
Corporation) ("Emergent") and Xxxxxx X. Xxxxx ("Employee"), with reference to
the following:
A. Emergent and Employee are parties to an Employment Agreement
effective February 1, 2000 (the "Original Agreement"), pursuant to which
Employee has agreed to perform services for Emergent on the terms and conditions
therein set forth.
B. Employee and Emergent desire to amend the Employment Agreement to
extend the term thereof and provide for a different salary.
NOW, THEREFORE, in consideration of the promises and obligations
contained herein and in the original agreement, Emergent and Employee agree to
amend the Employment Agreement as follows:
1. Certain Definitions. All references to "SM&A" in the original
agreement shall instead refer to Emergent.
2. Section 1.2. The date "January 31, 2003" shall be deleted and
replaced with the date "March 31, 2006."
3. Exhibit A. In paragraph 1 of Exhibit A, "Base Salary", the figure
$600,000, used twice therein, shall be deleted in each instance and replaced
with $400,000.
4. General. Headings used in this Amendment are for convenience only
and are not intended to affect the meaning or interpretation of this Amendment.
Except as set forth in this Amendment, the Original Agreement remains in full
force and effect and has not been amended or modified to date. This Agreement,
consisting of the Original Agreement and this Amendment constitutes the entire
agreement among the parties with respect to the subject matter hereto and
supersedes any and all other agreements, either oral or in writing, among the
parties with respect to the subject matter hereof. Each party represents and
warrants to the other that the Original Agreement and the Amendment constitute
the legal, valid and binding obligation of such party, enforceable in accordance
with its terms. Any other amendment or modification may only be in a writing
executed by all of the parties hereto.
IN WITNESS WHEREOF, the undersigned have executed this Amendment as of
December 29, 2000.
EMERGENT INFORMATION TECHNOLOGIES, INC.
By: /s/ Xxxxx X. Xxxx
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Name: Xxxxx X. Xxxx
Its: Chief Financial Officer
/s/ Xxxxxx X. Xxxxx
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Xxxxxx X. Xxxxx
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