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FIRST AMENDMENT TO EMPLOYMENT AGREEMENT

Employment Agreement

FIRST AMENDMENT TO EMPLOYMENT AGREEMENT | Document Parties: CARDTRONICS INC | CARDTRONICS, LP You are currently viewing:
This Employment Agreement involves

CARDTRONICS INC | CARDTRONICS, LP

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Title: FIRST AMENDMENT TO EMPLOYMENT AGREEMENT
Date: 1/20/2006

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Exhibit 10.13

FIRST AMENDMENT TO
EMPLOYMENT AGREEMENT

      THIS FIRST AMENDMENT TO EMPLOYMENT AGREEMENT (“ Amendment ”) is entered into by and between Cardtronics, LP, a Delaware limited partnership (the “ Company ”), Cardtronics, Inc. (the “ Parent Company ”)and Michael Clinard (the “ Employee ”) effective as of January 1, 2005.

      WHEREAS , the Company and the Employee have heretofore entered into that certain Employment Agreement dated as of June 4, 2001 (the “ Employment Agreement ”); and

      WHEREAS , the Company and the Employee desire to amend the Employment Agreement in certain respects;

      NOW, THEREFORE , in consideration of the premises set forth above and the mutual agreements set forth herein, the Company and the Employee hereby agree, effective as of the date first set forth above, that the Employment Agreement shall be and is hereby amended as hereafter provided:

     1. Section 3.1 of the Employment Agreement shall be deleted and the following shall be substituted therefor:

     “ 3.1 Employment Term . The term of the Employee’s employment with the Company shall commence on the Effective Date and end on January 31, 2008 (the “ Stated Term ”) unless earlier terminated in accordance with this Agreement (such period of employment, as it may be earlier terminated, being referred to herein as the “ Employment Term ”).”

     2. The first sentence of Section 4.1 of the Employment Agreement shall be deleted and the following shall be substituted therefor:

“From and after January 1, 2005, the Company shall pay the Employee an annual gross salary of $220,500.00 (the “ Base Salary ”), which the Company shall pay to the Employee in bi-weekly installments in accordance with the Company’s regular payroll practice for management employees.”

     3. Section 4.3(a) of the Employment Agreement shall be deleted and the following shall be substituted therefor:

“During the Employment Term, the Employee shall be eligible for participation in and to receive all benefits under welfare benefit plans, practices, policies and programs of the Company (including the Company’s existing benefit plans), as may be in effect from time to time for other similarly situated employees of the Company, and the Employee shall be entitled to vacations and sick leave in accordance with the Company’s prevailing policy for its executives, provided that the Employee’s vacation entitlement shall be four weeks paid vacation during each one-year period commencing on the 4 th anniversary date of this Agreement.”

 


 

     4. Section 5.2 of the Employment Agreement shall be deleted and the following shall be substituted therefor:

     “ 5.2 Disclosure to the Employee. The Company has and will disclose to the Employee, or place the Employee in a position to have access to or develop, Confidential Information and Work Product of the Company or its Affiliates; and/or has and will entrust the Employee with busin


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