EXHIBIT 10 (b)
AMMENDMENT TO EMPLOYMENT AGREEMENT
AGREEMENT made effective as of the ___ day of December, 2000, by and
between Legal Club of America Corporation with its principal offices at 0000 X.
Xxxxxxxx Xxxx., Xxxx. X, Xxxxx 000 Xxxxxxx, Xxxxxxx (the "Company") and Xxxxx
Xxxx, an individual residing at 00000 Xxxxxx Xxxxx, Xxxxx Xxxxxxx, Xxxxxxx 00000
(the "Executive").
Effective January 1st 2001, the executive hereby agrees to amend the following
section of his employment agreement to be as follows:
Section (3) "Compensation" shall be changed so that effective 01/01/2001 the
annual salary of the executive will be reduced to reflect an annual pay scale of
$250,000.00. In addition, on a go forward basis the minimum annual increase will
be reduced from 20% to 10%.
Additionally, Section (5) "Benefits" shall be amended to included the following
sentence: "The executive will also be entitled to receive Long Term Disability
at the expense of the Company. "
IN WITNESS WHEREOF, the parties hereto have hereunder set their hands and seals
the day and year first above written.
LEGAL CLUB OF AMERICA CORPORATION
By: /s/ Xxxxxxx Xxxxxx
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Chief Financial Officer
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(Title)
Executive
/s/ Xxxxx Xxxx
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Xxxxx Xxxx
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