EXHIBIT 10.2
EIGHTH AMENDMENT TO EMPLOYMENT AGREEMENT
EIGHTH AMENDMENT, dated as of the 24th day of March, 1997, to the
Employment Agreement, dated as of June 30, 1986, by and between SOUND ADVICE,
INC., a Florida corporation (the "Employer"), and XXXXX XXXXXXXX (the
"Employee"), as previously amended by that First Amendment to Employment
Agreement, dated as of May 15, 1989, that Second Amendment to Employment
Agreement, dated as of October 27, 1989, that Third Amendment to Employment
Agreement, dated as of July 1, 1992, that Fourth Amendment to Employment
Agreement, dated as of July 1, 1993, that Fifth Amendment to Employment
Agreement, dated as of July 1, 1994, that Sixth Amendment to Employment
Agreement, dated as of July 1, 1995, and that Seventh Amendment to Employment
Agreement, dated as of July 1, 1996 (collectively, the "Agreement").
W I T N E S S E T H :
WHEREAS, the Employee and the Employer mutually desire and each of
them is willing, in accordance with the terms and conditions specifically set
forth below, to amend the Agreement, it being understood by the Employee and the
Employer that all terms and conditions of the Agreement not otherwise modified
by this Eighth Amendment thereto shall remain effective and continue operating
in full force throughout the entire term of the Agreement, as amended.
NOW, THEREFORE, for and in consideration of the covenants and
conditions hereinafter set forth, the parties hereto mutually agree as follows:
1. TERM. Section 2 of the Agreement is hereby amended to
provide that the term of the Agreement is hereby extended for another year or
until June 30, 1998.
2. EFFECT. Except as otherwise modified by this Eighth
Amendment, all terms, conditions and provisions of the Agreement shall
remain effective and continue operating in full force throughout the
entire term of the Agreement, as amended.
3. CAPTIONS. Paragraph titles or captions contained in this
Eighth Amendment are inserted only as a matter of convenience and for
reference and in no way define, limit, extend or describe the scope of
this Eighth Amendment or the intent of any provision hereof.
IN WITNESS WHEREOF, the Employee has hereunto set his hand and the
Employer has caused this Amendment to be executed by its duly authorized officer
effective as of the day and year first above written.
SOUND ADVICE, INC.
By: /S/ XXXXXXX XXXXXXXX
---------------------------
XXXXXXX XXXXXXXX, Senior
Vice President
EMPLOYEE:
/S/ XXXXX XXXXXXXX
------------------------------
XXXXX XXXXXXXX
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EIGHTH AMENDMENT TO EMPLOYMENT AGREEMENT
EIGHTH AMENDMENT, dated as of the 24th day of March, 1997, to the
Employment Agreement, dated as of June 30, 1986, by and between SOUND ADVICE,
INC., a Florida corporation (the "Employer"), and XXXXXXX XXXXXXXX (the
"Employee"), as previously amended by that First Amendment to Employment
Agreement, dated as of May 15, 1989, that Second Amendment to Employment
Agreement, dated as of October 27, 1989, that Third Amendment to Employment
Agreement, dated as of July 1, 1992, that Fourth Amendment to Employment
Agreement, dated as of July 1, 1993, that Fifth Amendment to Employment
Agreement, dated as of July 1, 1994, that Sixth Amendment to Employment
Agreement, dated as of July 1, 1995, and that Seventh Amendment to Employment
Agreement, dated as of July 1, 1996 (collectively, the "Agreement").
W I T N E S S E T H :
WHEREAS, the Employee and the Employer mutually desire and each of them
is willing, in accordance with the terms and conditions specifically set forth
below, to amend the Agreement, it being understood by the Employee and the
Employer that all terms and conditions of the Agreement not otherwise modified
by this Eighth Amendment thereto shall remain effective and continue operating
in full force throughout the entire term of the Agreement, as amended.
NOW, THEREFORE, for and in consideration of the covenants and
conditions hereinafter set forth, the parties hereto mutually agree as follows:
1. TERM. Section 2 of the Agreement is hereby amended to
provide that the term of the Agreement is hereby extended for another year or
until June 30, 1998.
2. EFFECT. Except as otherwise modified by this Eighth
Amendment, all terms, conditions and provisions of the Agreement shall remain
effective and continue operating in full force throughout the entire term of
the Agreement, as amended.
3. CAPTIONS. Paragraph titles or captions contained in this
Eighth Amendment are inserted only as a matter of convenience and for reference
and in no way define, limit, extend or describe the scope of this Eighth
Amendment or the intent of any provision hereof.
IN WITNESS WHEREOF, the Employee has hereunto set his hand and the
Employer has caused this Amendment to be executed by its duly authorized officer
effective as of the day and year first above written.
SOUND ADVICE, INC.
By: /S/ XXXXX XXXXXXXX
-----------------------------
XXXXX XXXXXXXX, President
and Chief Executive Officer
EMPLOYEE:
/S/ XXXXXXX XXXXXXXX
--------------------------------
XXXXXXX XXXXXXXX
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