Exhibit 10.2
SECOND AMENDMENT TO AGREEMENT
This Second Amendment made as of this 20th day of May, 2002, to Employment
Agreement dated May 21, 1996, is made between American Locker Group
Incorporated, a Delaware corporation (the "Company") and ▇▇▇ ▇. ▇▇▇▇▇▇▇, an
individual residing in Jamestown, New York (the "Executive").
WITNESSETH:
WHEREAS, the Company and the Executive are parties to an Employment
Agreement dated May 21, 1996, as amended by the First Amendment to Employment
Agreement dated as of May 21, 1999 (the "Agreement").
WHEREAS, the parties hereto wish to amend the Agreement to make certain
changes as set forth herein.
NOW THEREFORE, for good and valuable consideration and intending to be
bound hereby, the parties hereto agree as follows:
1. Section 2 of the Agreement is amended to delete "June 30, 2002"
and to insert in lieu thereof "June 30, 2005";
2. Section 3(a) is amended to delete "$13,125" and to insert in lieu
thereof "$14,060";
3. Except as expressly set forth herein, the Agreement shall remain
unamended and in full force and effect.
WITNESS the due execution hereof.
COMPANY:
American Locker Group Incorporated
By /S/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇
------------------------
Title: Chairman and Chief Executive
Officer
EXECUTIVE:
/S/ ▇▇▇ ▇. ▇▇▇▇▇▇▇
------------------
▇▇▇ ▇. ▇▇▇▇▇▇▇