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EXHIBIT 10.1
EMPLOYMENT AGREEMENT
AMENDMENT
This EMPLOYMENT AGREEMENT AMENDMENT (this
“Agreement”), is dated as of September 26, 2008, by and
between COLLECTORS UNIVERSE, INC., a Delaware Corporation (the
“Company” or “CUI”), and MICHAEL R. HAYNES
(Executive”), with reference to the following:
R E C I T A
L S :
A.
Executive is employed as Chief Executive Officer of the
Company under an Employment Agreement entered into by him with the
Company as of January 1, 2003, which has heretofore been amended
primarily to extend the term of the CEO’s employment with the
Company, most recently to December 31, 2007 (and as heretofore
amended, the “Employment Agreement”); and
B.
The Company and the CEO desire to further amend
the Employment Agreement as and to the extent provided hereinafter
in this Agreement.
A G R E E M
E N T
NOW, THEREFORE, in consideration of the
respective promises of each party made to the other in this
Agreement and other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged by each of the
parties, it is agreed as follows:
1.
Extension of the Term of Employment
. The term of Executive’s employment under the
Employment Agreement, as heretofore amended, is hereby extended and
shall continue to December 31, 2009, unless the Executive’s
employment is either (i) sooner terminated pursuant to the
provisions of any of Sections 5.2 through 5.7 (inclusive) of the
Employment Agreement, or (ii) further extended by mutual written
agreement of the parties.
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