EX-10.2
XXXXXX'X ENTERTAINMENT, INC.
April 25, 1997
[Name of Executive Officer]
Xxxxxx'x Entertainment, Inc.
0000 Xxxxxx Xxxx
Xxxxxxx, Xxxxxxxxx 00000
Re: Amendment to Severance Agreement
Dear [Name]:
This letter agreement ('this Amendment") will amend the Severance
Agreement dated [Date] (the "Agreement") between you and Xxxxxx'x Entertainment,
Inc.
In consideration of the mutual covenants herein contained and for other
good and valuable consideration, receipt of which is hereby acknowledged, it is
agreed as follows:
1. Effective Date. This Amendment is effective April 25, 1997.
2. Amendment of Section 3, "Termination Following Change in
Control".
(a) Subsection (y) of the first paragraph of Section 3 is
amended to read as follows:
"(y) by the Company other than for Cause, or"
3. Amendment of Section 4, "Compensation Upon Termination or During
Disability Following a Change in Control".
(a) The caption of Section 4 is amended to read as follows:
"Compensation Upon Termination Following a Change in
Control".
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(b) The first three lines of Section 4 ending in the word
"benefits" is amended to read as follows:
"Following a Change in Control of the Company, as defined in
Subsection 2(a), upon termination of your employment, you
shall be entitled to the following benefits:"
(c) The language of subsection (a) of section 4 is deleted and
the word "Deleted" is inserted in lieu thereof.
(d) Subsection (y) in subsection (c) of Section 4 is amended to
read as follows:
"(y) by the Company other than for Cause or"
(e) Subsection (y) in subsection (d) of Section 4 is amended to
read as follows:
"(y) by the Company other than for Cause, or"
4. Defined Terms. Unless otherwise defined herein, all terms used in
this Amendment that are defined in the Agreement will have the meanings
given to such terms in the Agreement.
5. No Other Modifications. Except as specifically modified herein,
all terms and conditions of the Agreement will remain unchanged and in full
force and effect.
If this letter sets forth our agreement on the subject matter hereof,
please sign and return to the Company the enclosed copy of this letter which
will then constitute our binding agreement on this subject.
Very truly yours,
XXXXXX'X ENTERTAINMENT, INC.
By:
--------------------------
Agreed to:
---------------------------
[Name of Executive Officer]
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