EXHIBIT 10.1
AMENDMENT TO EMPLOYMENT AGREEMENT
OF
XXX XXXXXXXXXXX
THE AMENDMENT TO EMPLOYMENT AGREEMENT (this "Amendment") is made as of
this First day of June, 1999 by and between GARGOYLES, INC., a Washington
corporation (the "Company"), and XXX XXXXXXXXXXX ("Employee").
RECITALS
A. The Company and Employee are parties to that certain Employment
Agreement dated as of February 1, 1998, which was amended by that certain
Amendment to Employment Agreement dated March 31, 1999 (the "Employment
Agreement"); and
B. The Company and Employee desire to further amend the Employment
Agreement in accordance with the terms hereof.
AGREEMENT
NOW, THEREFORE, in consideration of the premises and other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto hereby agree as follows:
1. TERM.
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The term of the Employment Agreement set forth in Section 3 of the
Employment Agreement shall continue until the earlier of (i) the date upon
which Employee ceases to be the Chief Executive Officer of the Company, or (ii)
January 31, 2000; each of the dates described in (i) and (ii) being referred to
herein as the "Expiration Date."
2. NO OTHER AMENDMENTS.
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The terms and provisions of this Employment Agreement are hereby
ratified and confirmed and remain in full force and effect except as amended by
this Amendment.
IN WITNESS WHEREOF, the parties hereto have executed this Amendment to
Employment Agreement as of the date first above written.
GARGOYLES, INC.
/s/ Xxxx X. Xxxxxxx
By--------------------------------------
Xxxx X. Xxxxxxx, Member of the Board
of Directors of Gargoyles, Inc.
/s/ Xxx Xxxxxxxxxxx
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XXX XXXXXXXXXXX
