Exhibit 10.22
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December 9, 2003
Xx. Xxx X. Xxxxx 000 Xxxxx Xxxxxxxxx Xxxxx Xxxx Xxxxx, Xx 00000
Re: Employment Agreement dated 29 July 2002 between
Xxxxxx Industries, Inc. and Xxx X. Xxxxx (the "Employment Agreement")
Dear Xx. Xxxxx:
The following will set forth our mutual agreement as to the
modification of the Employment Agreement:
Section 2(b) is replaced entirely by the following:
(b) Employment Term. The Employment Term shall commence as of July 29, 2002 and
shall terminate on December 31, 2007, provided that the Employment Term shall
extend for additional one-year periods annually each January 1, unless this
agreement is terminated under the provisions of Section 10 below. In no event,
however, shall the Employment Term extend beyond December 31, 2015.
In all other respects, the Employment Agreement is hereby ratified and
confirmed.
If you agree with all of the above, would you please sign and return a copy of
this letter whereupon the same shall constitute a binding agreement between us.
By: /S/ Xxxx X. Xxxxxx
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Xxxx X. Xxxxxx
President
ACCEPTED AND AGREED:
/S/ Xxx X. Xxxxx
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Xxx X. Xxxxx
