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EXHIBIT 10.3
FIRST AMENDMENT TO AMENDED AND EXTENDED
EMPLOYMENT AGREEMENT
This Amendment amends that certain Amended and Extended Employment Agreement
(the "Agreement") dated as of June 25, 1996 effective as of March 1, 1996,
between InterVoice, Inc., a Texas corporation with its principal executive
offices at ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇ (the "Company"), and
▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ (the "Employee").
1. The first four lines of the definition for "Applicable EPS Bonus
Percentage" are amended in their entirety to read as follows:
"Applicable EPS Bonus Percentage" means, with respect to the
applicable fiscal year, the percentage set forth in the
right-hand column below as determined with reference to the
increase or decrease in the Company's earnings per share
between such fiscal year and the greater of $1.05 or the
earnings per share for the immediately preceding fiscal year:
2. The first four lines of the definition for "Applicable Revenue Bonus
Percentage" are amended in their entirety to read as follows:
"Applicable Revenue Bonus Percentage" means, with respect to
the applicable fiscal year, the percentage set forth in the
right-hand column below as determined with reference to the
increase or decrease in the Company's total revenues between
such fiscal year and the greater of $97,103,054 or the total
revenues for the immediately preceding fiscal year:
The Agreement, as amended hereby, is hereby ratified, confirmed and approved.
IN WITNESS WHEREOF, the parties have executed this Amendment as of June 25,
1996, effective for all purposes as of March 1, 1996.
InterVoice, Inc.
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
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Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
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Title: President & Chief Operating Officer
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/s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
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▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇