Exhibit 10.33
THIRD AMENDMENT TO EMPLOYMENT
AGREEMENT .
This Third Amendment to Employment
Agreement (the “Third Amendment”) is made and entered
into as of March 31, 1995, by and between KENNEDY-WILSON,
INC., a Delaware corporation with its principal office located in
Santa Monica, California (the “Company”) and WILLIAM 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 (collectively, the “Employment
Agreement”), providing for the employment of Employee by
Company pursuant to the terms of such Employment Agreement;
and
WHEREAS, Company and Employee have
agreed that the terms of the Employment Agreement should be
modified with respect to the term of the Employment Agreement and
severance provisions.
AMENDMENT TO
AGREEMENT
NOW, THEREFORE, for good and
valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties h
