Exhibit 10(v)(1)
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AMENDMENT TO EMPLOYMENT AGREEMENT
BETWEEN
FPIC INSURANCE GROUP, INC.
AND
XXXXX X. XXXXX
THIS AMENDMENT is made, entered into and is effective as of the 16th
day of December, 2000 by and between FPIC Insurance Group, Inc., a Florida
corporation (hereinafter referred to as "Employer"), and Xxxxx X. Xxxxx
(hereinafter referred to as "Employee").
Section 1(a) of the Employment Agreement between Employer and Employee
dated May 1, 2000 (the "Employment Agreement") is amended to read in its
entirety as follows:
"1. Terms of Employment.
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(a) Employee's employment hereunder shall be for a term beginning January
1, 2001 and ending December 31, 2002, which term shall be extended for an
additional twelve months at the end of each twelve month period upon Employer's
Chief Executive Officer giving notice to Employee prior to the end of such
twelve month period that Employer wishes to extend this Employment Agreement for
an additional twelve month period."
Except as amended by this Amendment, the Employment Agreement shall
remain in full force and effect in accordance with its terms.
IN WITNESS WHEREOF, the parties hereto have executed this Amendment as
of the date first above written.
FPIC INSURANCE GROUP, INC.
By:______________________________________
Xxxx X. Xxxxx
President and Chief Executive
Officer
_________________________________________
XXXXX X. XXXXX
