Exhibit 10.34
FOURTH AMENDMENT TO EMPLOYMENT
AGREEMENT
This Fourth Amendment to Employment
Agreement (the “Fourth Amendment”) is made and entered
into as of January 1, 1996, by and between KENNEDY-WILSON,
INC., a Delaware Corporation, with its principal office located in
Santa Monica, California (the “Company”) and
WILUAM J. MCMORROW, an individual
(“Employee”).
RECITALS
WHEREAS , Company and Employee have entered into that
certain Employment Agreement dated as of August 14, 1992, as
amended by that certain Amendment to Employment Agreement dated as
of January 1, 1993 and that certain Second Amendment to
Employment Agreement dated January 1, 1994 and that certain
Third Amendment to Employment Agreement dated March 31, 1995,
(collectively, the “Employment Agreement”), providing
for the employment of Employee by Company pursuant to the terms of
such Employment Agreement; and
WHEREA S, Company and Employee have agreed that the
terms of the Employment Agreement should be modified with respect
to the term of the Employment Agreement, salary and bonus
provision.
AMENDMENT TO
AGREEMENT
NOW, THEREFORE, for good and
valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties hereby amend the Employment
Agre
