Exhibit 10.6
FIRST AMENDMENT TO
EXECUTIVE EMPLOYMENT
AGREEMENT
This FIRST AMENDMENT
TO EXECUTIVE EMPLOYMENT AGREEMENT (this “Amendment”) is
made and entered into as of this 16 th day of May 2008, by and between
eLoyalty Corporation, a Delaware Corporation (the
“Company”) and Christopher Min, a resident of the State
of Colorado (the “Employee”).
A. The Company and Employee are
parties to that certain Executive Employment Agreement, dated as of
February 14, 2008, (the “Agreement”), setting
forth the terms and conditions of Employee’s employment with
the Company.
B. The parties desire to amend the
Agreement as set forth herein to clarify certain aspects of
Employee’s terms of employment.
NOW, THEREFORE, in consideration of
the Recitals, the mutual covenants contained herein, and for other
good and valuable consideration, the receipt, adequacy and
sufficiency of which are hereby acknowledged, the parties agree as
follows:
1. All capitalized terms used and
not otherwise defined herein shall have the meanings ascribed to
such terms in the Agreement.
2. The Agreement hereby is amended
by deleting Section 3(b)(iii)(2) and inserting the following
language in lieu thereof:
“Employee will be paid a cash
bonus (the “Severance Bonus”), within seven
(7) days following the effective date of termination, equal to
100% of the average of: (A) the annual bonus (whether paid in
stock, options, or cash) h
