EXHIBIT 10.14
EMPLOYMENT AGREEMENT AMENDMENT
Technology Solutions Company ("TSC") and Xxxx X. Xxxxxx ("Employee") enter
into this amendment to his Employment Agreement as of October 1, 1999.
WHEREAS, on January 19, 1996 Employee entered into an employment agreement
covering his position of Executive Vice President ("Employment Agreement").
WHEREAS, by agreement dated February 26, 1999 Employee's position was
changed to Group President.
WHEREAS, the Employment Agreement contains a termination provision which
entitles Employee to receive his salary, a bonus equal to the average annual
bonus earned during the two years immediately preceding the termination for each
of the two years, and health insurance benefits for a two year period or until
Employee is re-employed, whichever comes first, if Employee is terminated by TSC
other than for Serious Misconduct.
Employee and TSC now agree to amend the termination provision of his
Employment Agreement, Section 3. Termination, paragraph (a) by inserting the
following sentence at the end of paragraph (a): "Notwithstanding anything to
the contrary in any of Employee's stock option agreements, Employee's unvested
shares at option shall vest automatically when terminated if he is terminated by
TSC other than for Serious Misconduct."
Technology Solutions Company Xxxx X. Xxxxxx
By: /s/ XXXX X. XXXXXX /s/ XXXX X. XXXXXX
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Position: CEO Date: 10/5/99
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Date: 10/4/99
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