EXHIBIT 10.26
SECOND AMENDMENT TO EMPLOYMENT AGREEMENT
DATED SEPTEMBER 13, 1995 BETWEEN
XXXXXXX X. XxXXXXXXX AND EVEREN CAPITAL CORPORATION
WHEREAS, on September 13, 1995, EVEREN Capital Corporation (the
"Company") and XXXXXXX X. XxXXXXXXX ("Executive") entered into an
Employment Agreement ("the Employment Agreement"); and
WHEREAS, on March 28, 1996, the Company and Executive executed an
amendment to that Employment Agreement; and
WHEREAS, the Company and Executive desire to further amend the
Employment Agreement in accordance with paragraph 12 thereof.
NOW THEREFORE, the parties, intending to be legally bound hereby,
amend the Employment Agreement as follows:
1. Paragraph 7(a) of the Employment Agreement, as amended, is
hereby further amended as follows:
In the last sentence of paragraph 7(a), "125%" is amended to
read "150%".
2. Paragraph 7(b) of the Employment Agreement, as amended, is
hereby further amended as follows:
In the last sentence of the first paragraph of paragraph
7(b), "275%" is amended to read "300%".
IN WITNESS WHEREOF, the parties hereto have executed this
Amendment, personally and as corporate officers duly authorized, on the
date set forth below.
EVEREN Capital Corporation
2/7/97 By: /s/ Xxxxxxx X. Xxxxxx
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Date
Its: Senior Executive Vice President
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Executive:
2/7/97 /s/ Xxxxxxx X. XxXxxxxxx
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Date Xxxxxxx X. XxXxxxxxx
