|
EXHIBIT
10.1
FIRST AMENDMENT TO
EMPLOYMENT AGREEMENT
This FIRST AMENDMENT TO
EMPLOYMENT AGREEMENT (this “Amendment”) is made and
entered into as of the 19th day of July, 2007, by and between
Autobytel Inc., a Delaware corporation (the “Company”),
and Ariel Amir (the “Executive”).
RECITALS
WHEREAS, the Company and the
Executive entered into an Employment Agreement, dated as of
July 19, 2005, whereby the Executive was engaged as the
Company’s Executive Vice President and Chief Legal and
Administrative Officer (the “ Employment
Agreement”).
WHEREAS, pursuant to the
terms of the Employment Agreement, the term of the Employment
Agreement renewed through July 19, 2007.
WHEREAS, the Company and
Executive desire to amend the Employment Agreement to, among other
things, extend the term of the Employment Agreement.
AGREEMENT
NOW, THEREFORE, in
consideration of the mutual agreements contained herein, and with
reference to the above recitals, the parties hereby agree as
follows:
| |
1. |
Amendment to Article 1, Section 1.2 of the Employment
Agreement . Article 1, Section 1.2 of the Employment
Agreement is hereby amended in its entirety to read as
follows: |
“1.2 TERM OF
EMPLOYMENT. The Company hereby employs the Executive as the
Executive Vice President, Chief Legal and Administrative Officer,
and Secretary of the Company, and the Executive hereby accepts such
employment by the Company, for a period (as such period may be
extended, the “ Term ”) commencing on
July 19, 2005 and expiring on the first to occur of
(a) the termination of the Executive’s employment
pursuant to Article 6 , and (b) July 19, 2009 (the
“
|
