EXHIBIT 10.32
FORM OF AMENDMENT TO AGREEMENT RELATING TO
NONCOMPETITION AND OTHER COVENANTS
Reference
is made to the Agreement Relating to Noncompetition and Other
Covenants, dated as of May 7, 1999, by and between GS Inc. and
the Executive (the “Noncompetition Agreement”), which
Agreement is hereby amended and supplemented as follows.
I. Defined
Terms . Capitalized terms, unless otherwise defined in this
Amendment, shall have the same meanings as in the Noncompetition
Agreement.
II. Changes to
the Text of the Noncompetition Agreement . The text of the
Noncompetition Agreement is modified as follows:
Section 2. The last sentence of subpart (a) is
modified to read as follows: “Accordingly, Executive hereby
agrees that Executive will not, without the written consent of GS
Inc., during the Employment Period and for six months following the
Notice Date....”
Section 2. A new subpart (d) is added as
follows:
“(d) For
purposes of this Agreement, “Notice Date” means
the date on which either you or the Firm gives notice of the
termination of your employment pursuant to Section 1 of this
Agreement or, if the termination is for Cause or Extended Absence,
the date on which such termination occurs.”
Section 3. The first sentence of subpart (a) is
modified to read as follows: “Executive hereby agrees that
during the Employment Period and for six months following the
Notice Date, Executive will not, in any manner, directly or
indirectly....”
Section 4. The text of Section 4 i
