EXHIBIT 10(D)
AMENDMENT TO THE AMENDED AND RESTATED EMPLOYMENT AGREEMENT
This Agreement, dated as of June 17, 1998, is made between EMONS
TRANSPORTATION GROUP, INC. (formerly known as Emons Holdings, Inc.), a
Delaware corporation with offices at 00 Xxxxx Xxxxxx Xxxxxx, Xxxx,
Xxxxxxxxxxxx 00000 (together with any and all present and future affiliates
and subsidiaries thereof, the "Company"), and XXXXXX XXXXXXXX, residing at
0000 Xxxxxxxxx Xxxxxx, Xxxxxx, XX 00000 formerly at 00 Xxxx Xxxx Xxxxx,
Xxxxxxxxx, XX 00000 (the "Employee"). All capitalized terms contained in this
Agreement not otherwise defined herein have the meanings defined in the
Amended and Restated Employment Agreements, dated as of December 31, 1989 and
May 26, 1994, between the Company and Employee (the "Amended and Restated
Employment Agreement").
RECITALS
The Company and Employee previously entered into an Employment Agreement,
dated as of December 31, 1986 (the "1986 Employment Agreement"), between the
Company and Employee, pursuant to which the Company engaged Employee to serve
as Chairman of the Board and Chief Executive Officer of the Company and
perform services for the Company pursuant to the terms and condition of the
1986 Employment Agreement.
The Company and Employee amended and restated the 1986 Employment Agreement
in the Amended and Restated Employment Agreement, dated as of December 31,
1989 (the "Amended and Restated Employment Agreement"), between the Company
and Employee, to read in full as set forth in the amended and restated
Employment Agreement.
Pursuant to an amendment thereto dated May 26, 1994, the Company and
Employee amended the Amended and Restated Employment Agreement.
The Company and Employee desire to further amend the Amended and Restated
Employment Agreement in certain respects as provided herein.
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In consideration of the promises herein contained and of other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, and intending to be legally bound hereby, the parties hereto
agree to amend the Amended and Restated Employment Agreement as set forth
herein:
1. Amendment to Section 1. Section 1 is hereby amended by substituting
"December 31, 1997 for "the starting date."
2. Amendment to Section 3. Section 3 is hereby amended by substituting
"$250,000" for "$212,000".
3. Except as herein specifically amended, all terms, covenants and
provisions of the Amended and Restated Employment Agreement shall remain in
full force and effect and shall be performed by the parties thereto
according to its terms and provisions.
IN WITNESS WHEREOF, the undersigned have executed and delivered this
Amendment to the Amended and Restated Employment Agreement as of the date
first above stated.
Emons Transportation Group, Inc.
/s/ Xxxxx X. Xxxxxxx
By: _________________________________
NAME XXXXX X. XXXXXXX
TITLE: VICE PRESIDENT--FINANCE &
CONTROLLER
/s/ Xxxxxx Xxxxxxxx
_____________________________________
XXXXXX XXXXXXXX
