1
EXHIBIT 10.01
AMENDMENT NO. 1 TO
EXECUTIVE EMPLOYMENT AGREEMENT
(XXXX X. XXXXXXXX)
This Amendment, dated as of April 18, 2001, amends certain provisions of the
Executive Employment Agreement ("Agreement"), dated as of March 30, 2001,
between Ceridian Corporation and Xxxx X. Xxxxxxxx ("Executive"). Unless
otherwise defined herein, capitalized terms used in this Amendment have the
meanings given to them in the Agreement. In consideration of you continuing in
your employment with Ceridian for the remaining term of the Agreement, and the
mutual promises and obligations contained in the Agreement as modified by this
Amendment, Executive and Ceridian agree to amend the Agreement as follows:
1. Section 2.03 of the Agreement shall be amended in its entirety to read
as follows:
"2.03 TERM. Subject to the provisions of Articles IV, VII, and VIII,
this Agreement and Executive's employment shall continue until
the later of: (a) December 31, 2002; and (b) two years after a
Change of Control which occurs prior to December 31, 2002."
2. This Amendment is governed by, and shall be construed in accordance
with, the laws of the State of Minnesota.
3. Except as herein expressly amended, the Agreement is ratified and
confirmed in all respects and shall remain in full force and effect in
accordance with its terms.
4. This Amendment may be executed in two or more counterparts, each of
which shall be deemed an original, but all of which together shall
constitute one and the same instrument.
Ceridian and Executive have caused this Amendment to be duly executed and
delivered, and this Amendment shall be effective, as of the date first written
above. Following the effectiveness of this Amendment, each reference in the
Agreement to "this Agreement," "hereunder," "herein," "hereof," or words of like
import shall mean and be a reference to the Agreement as amended by this
Amendment.
EXECUTIVE CERIDIAN CORPORATION
/s/ Xxxx X. Xxxxxxxx By: /s/ Xxxxxxx X. Xxxxxx
Xxxx X. Xxxxxxxx Title: Senior Vice President, Human Resources
Address:
----------------------------
----------------------------
