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Exhibit 10.25
FIRST AMENDMENT TO
EMPLOYMENT AGREEMENT
This
First Amendment to Employment Agreement is made this 12th day of
May,
2003, by and between CompDent Corporation, n/k/a CompBenefits
Corporation, a
Delaware corporation (the "Company") and Karen B. Mitchell (the
"Employee").
WHEREAS, the above parties entered into an Employment Agreement
dated as of
the 13th day of July, 1998, a copy of which is attached hereto in
its entirety
and is incorporated herein by this reference as Exhibit "A" (the
"Employment
Agreement"); and
WHEREAS, the parties desire to extend the term of said Employment
Agreement
for an additional five years, as well as mutually amend other terms
of said
Employment Agreement as provided for below:
NOW,
THEREFORE, in consideration of the mutual covenants, promises and
for
other good and valuable consideration, the parties hereby agree as
follows:
1.
The terms and conditions of the Employment Agreement dated as of
the
13th day of July, 1998 by and among the Company and Employee are
hereby
confirmed in their entirety with the exception that to the extent
the terms and
conditions of this First Amendment are in conflict with the terms
and conditions
of the Employment Agreement, the terms of this First Amendment
shall govern.
2.
It is the desire of the parties to replace the definition of the
term
"Business" as it appears in paragraph I. Statement of Background
Information.
The entire paragraph shall be replaced it in its entirety to now
read as
follows:
I. Statement of
Background Information
The Employee has been an officer and key employee of the Company
and