ADDENDUM TO EMPLOYMENT AGREEMENT
This Agreement is an addendum to that certain Employment Agreement
(the "Employment Agreement") dated as of April 11, 1995, between SHONEY'S,
INC., a Tennessee corporation (the "Employer"), and C. XXXXXXX XXXX (the
"Employee").
W I T N E S E T H:
WHEREAS, Employer and Employee wish to make certain changes in the
Employment Agreement, which changes are more particularly set forth herein.
NOW, THEREFORE, for and in consideration of the covenants and
agreements set forth herein and in the Employment Agreement, it is mutually
agreed as follows:
1. SECTION 3.3.1. of the Employment Agreement is hereby
amended by changing the second reference therein to "April 11, 1997" to
"April 11, 1998."
2. SECTION 3.9. of the Employment Agreement is hereby
amended by adding the following sentence: "In lieu of providing such
disability coverage, at the option of the Employee, Employer shall pay to
Employee annually an amount equal to the cost that Employer would incur
in providing such coverage."
3. SECTION 3.11. of the Employment Agreement is hereby
amended by deleting the first sentence thereof in its entirety and
replacing it with the following: "Employee shall be entitled
annually to four (4) weeks of paid vacation."
IN WITNESS WHEREOF, Employee has hereunto affixed his hand
and Employer has caused this Addendum to be executed by its duly
authorized officer as of the date of the Employment Agreement.
EMPLOYEE: EMPLOYER:
/s/ C. Xxxxxxx Xxxx
----------------------------- SHONEY'S, INC.
C. XXXXXXX XXXX
By: /s/ W. Xxxxx Xxxxxx
-----------------------------
Title: Senior Executive Vice President
and Chief Financial Officer
