1 Exhibit 10.3
AMENDMENT NO. 2 TO EMPLOYMENT AGREEMENT
THIS AGREEMENT, made and entered into as of the 30th day of June, 1997, between
Payless Cashways, Inc., an Iowa corporation (the "Company"), and G. Xxxxxxx
Xxxxxx (the "Executive").
WHEREAS, the Company and the Executive have entered into an employment agreement
dated October 17, 1996 (the "Employment Agreement"); and
WHEREAS, the parties mutually desire to amend the Employment Agreement;
NOW, THEREFORE, in consideration of these premises and other good and valuable
consideration, the parties agree as follows:
1. All references to the date of "March 1, 1998" contained within the
Employment Agreement are hereby deleted and the date of "March 1, 1999" is
substituted in lieu thereof.
In witness whereof, the parties have executed this Amendment No. 1 to Employment
Agreement as of the day and year written above.
PAYLESS CASHWAYS, INC. EXECUTIVE
By: /s/ Xxxxx Xxxxxxx /s/ G. Xxxxxxx Xxxxxx
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Chairman and Chief Executive Officer G. Xxxxxxx Xxxxxx
Approval by the Compensation Committee of the Board of Directors of the Company
is hereby confirmed.
/s/ Xxxx Xxxxxxxxx, Xx.
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Xxxx Xxxxxxxxx, Xx.