EXHIBIT 10(a)
AMENDMENT OF EMPLOYMENT AGREEMENT
WITH G. ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
Agreement made as of April 21, 1997 by Stanhome Inc. (the "Company"),
a Massachusetts corporation with its principal place of business at ▇▇▇
▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ("Stanhome") and G. ▇▇▇▇▇▇▇
▇▇▇▇▇▇▇▇▇ of ▇▇ ▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇-▇▇▇▇ ("▇▇▇▇▇▇▇▇▇").
WHEREAS, the Company and ▇▇▇▇▇▇▇▇▇ have previously entered into an
Employment Agreement dated November 9, 1993 (the "Agreement"); and
WHEREAS, the Company and ▇▇▇▇▇▇▇▇▇ now wish to amend the Employment
Agreement in certain respects;
NOW, THEREFORE, in consideration of the premises and the mutual
agreements hereinafter contained, the parties do hereby amend the Agreement
as follows:
1. Paragraph 1 of the Agreement is amended to change the second sentence
thereof and to replace with the following:
"Unless sooner terminated as hereinafter provided, the initial term
of this employment shall be five (5) years, with an automatic
extension of (i) one (1) year upon the end of the third year of the
initial term and (ii) of one day at the end of each day thereafter
while ▇▇▇▇▇▇▇▇▇ remains employed by the Company (so that the
remaining term as of the end of the third year of the initial term
and at the end of every day thereafter shall be three years).
2. Paragraph 2 of the Agreement is amended to delete in its entirety the
last sentence thereof, which reads: "Although it is contemplated that
▇▇▇▇▇▇▇▇▇ will undertake some travel as part of performing the
foregoing duties, ▇▇▇▇▇▇▇▇▇'▇ principal place of employment shall be
in the Westfield, Massachusetts area."
3. Subparagraph 4(e) of the Agreement is amended to add a new
penultimate sentence to read:
"In the event that (i) the Board of Directors should decide to change
▇▇▇▇▇▇▇▇▇'▇ principal place of employment, presently at ▇▇▇ ▇▇▇▇▇▇▇
▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇▇, to a location that is (a) further
than fifty miles from Westfield, Massachusetts and (b) further in
distance from ▇▇▇▇▇▇▇▇▇'▇ principal residence than the distance from
such residence to the Company's current offices in Westfield,
Massachusetts, and (ii) ▇▇▇▇▇▇▇▇▇ notifies the Board in writing that
he does not consent to such relocation within 30 days from receiving
written notice from the Board of such relocation, then such action
shall be construed to be a termination by the Company other than for
cause or total disability under Subparagraph 4(e) of the Agreement
effective as of the date of his notice."
4. Subparagraph 3(g) of the Agreement is hereby deleted in its entirety.
IN WITNESS WHEREOF, the parties have executed this Amendment
effective as of the date first written above.
STANHOME INC.
By:/s/▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇
/s/G. ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
G. ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
