Exhibit 10.18
September 7, 2001
Xx. Xxxxxxx XxXxxxxx
c/o Del Laboratories, Inc.
000 XXX Xxxxx, 0xx xxxxx
Xxxxxxxxx, XX 00000
Re: Amendment to Employment Agreement
Dear Xxxx:
Reference is made to the employment agreement , dated April 1, 2001 (as
amended, the "AGREEMENT"), between you and Del Laboratories, Inc. ("DEL").
Del and you hereby agree to amend the Agreement as follows:
1. In the second sentence of Section 1 ("Title; Term"), the phrase
"four-year term" shall be deleted and replaced by the phrase "five-year
term".
2. In the first sentence of Section 2 ("Salary"), the phrase "Three
Hundred Twenty Thousand Dollars ($320,000)" shall be deleted and
replaced by the phrase "Three Hundred Fifty Thousand Dollars
($350,000).
3. In the first sentence of Section 7(c) ("Legal and Accounting Fees"),
the figure "$10,000" shall be deleted and replaced by the figure
"$15,000".
As amended hereby, the Agreement shall remain in full force and effect.
Sincerely,
DEL LABORATORIES, INC.
By: /s/ Xxx X. Xxxxxxx
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Xxx X. Xxxxxxx
President
ACCEPTED AND AGREED TO:
/s/ Xxxxxxx XxXxxxxx
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Xxxxxxx XxXxxxxx
