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EXHIBIT 10.10
AMENDMENT TO EMPLOYMENT AGREEMENT
This Amendment dated 20 January 2000 (The Effective Date) amends the Employment
Agreement between Aris (The Company) and Xxxxxxx X. Xxxx' (The Executive) dated,
30 June 1998.
Purpose of Amendment: The Company would like to extend the Employee
Agreement as an incentive to the Executive to continue to serve as Vice
President of ERP Consulting or an equivalent position through 01 January 2001.
All terms and conditions remain the same except for the following:
Paragraph 1. (a) Term: The Company hereby employs the Executive, and the
Executive hereby accepts employment with the Company, for a period commencing on
the Effective Date and ending on the Eve of 01 January 2001.
Paragraph 3. (a) Signing Bonus: No additional signing Bonus will be paid
for the extension to 01 January 2001.
Paragraph 5. (b) of the Employee Agreement is hereby rendered null and
void. In its place, the parties substitute the following:
5. (b) (amended) Except as otherwise provided in this Agreement, it
shall terminate upon the death, or disability of the Executive. For purposes of
Section 5(b), "disability" shall mean that for a period of four consecutive
months in any 12-month period the Executive is incapable of substantially
fulfilling the duties set forth in Section 2 because of physical, mental or
emotional incapacity resulting from injury, sickness or disease. In the event
the Executive , becomes disabled on or before June 30, 2000, the Executive shall
be paid compensation, benefits and bonus that may accrue for 24 months. The
Company shall have the right to offset from such compensation any disability
payments received by the Executive or his Estate from the Company's Group
(Supplemental) Long Term Disability (LTD) program. The Executive's right to
disability compensation under this Agreement shall cease after June 30, 2000. In
the event of the death of the Executive on or before June 30, 2000, the
Executive's estate shall receive compensation, benefits and bonus that may
accrue for 24 months. In the event of Executive's death after June 30, 2000, his
Estate shall not receive any compensation under this agreement.
In witness whereof, the Company and the Executive has executed this Agreement as
of the Date and Year first above written.;
ARIS Corporation
By /s/ XXXX SONG
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Xxxx Song, President and CEO
EMC
By /s/ XXXXXXX X. XXXXX
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Xxxxxxx X. Xxxxx
