Exhibit 10.36
AMENDMENT NO. 2 TO EMPLOYMENT
AGREEMENT
THIS AMENDMENT NO. 2 TO EMPLOYMENT
AGREEMENT (the “Amendment”) is made this 12th day of
August, 2009 between Gregg Appliances, Inc., an Indiana corporation
(the “Company”), and Dennis L. May (the
“Executive”).
WHEREAS, on October 19, 2004,
the Company and the Executive entered into an Employment Agreement,
which was subsequently amended by Amendment No. 1 to
Employment Agreement dated December 30, 2008 (the
“Employment Agreement”); and
WHEREAS, the parties wish to amend
the Employment Agreement, effective as of August 5, 2009, to
change the Executive’s title to President and Chief Executive
Officer and to modify certain provisions relating to severance
payable to the Executive if his employment is involuntarily
terminated by the Company without cause;
NOW, THEREFORE, in consideration of
the premises and the mutual covenants herein contained, the parties
hereby amend the Employment Agreement, effective as of
August 5, 2009, as follows:
1. Section 1(a) of the
Employment Agreement shall be deleted in its entirety and replaced
with the following:
(a) General . The Company
hereby employs Executive, and Executive agrees, upon the terms and
conditions herein set forth, to se
