EX-10.26
from 10-K
1 page
Amendment No. 3 to Employment Agreement This Amendment No. 3 to Employment Agreement Is Made and Entered Into on the 22nd Day of May, 1997, Among Pamida Holdings Corporation ("Holdings"), a Delaware Corporation, Pamida, Inc. ("Pamida"), a Delaware Corporation, and Steven S. Fishman (The "Executive"). Holdings and Pamida Collectively Are Referred to in This Amendment No. 3 as the "Companies". * * * Whereas, the Companies and the Executive Are Parties to an Employment Agreement Dated September 22, 1995 (The "Employment Agreement"); and Whereas, the Companies and the Executive Have Amended the Employment Agreement by Amendments No. 1 and No. 2 Thereto; and Whereas, the Companies and the Executive Now Desire to Further Amend the Employment Agreement for the Purpose of Correcting an Error in Amendment No. 2 to the Employment Agreement; Now, Therefore, the Companies and the Executive Agree as Follows: 1. Paragraph 1(a) of Amendment No. 2 to the Employment Agreement Hereby Is Amended So as to Correctly Read as Follows: "(A) if the Consolidated Earnings of Holdings and Its Subsidiaries (On a First-In, First-Out Basis With Respect to Merchandise Inventories) Before Interest, Taxes, Depreciation, and Amortization for Fiscal 1998 (The "EBITDA") Are Less Than $42,000,000, Then the Executive Shall Not Be Entitled to Any Incentive Bonus for Fiscal 1998." 2. as Hereby Amended, the Employment Agreement and Amendments No. 1 and No. 2 Thereto Shall Remain in Full Force and Effect. in Witness Whereof, the Companies and the Executive Have Executed This Amendment No. 3 to Employment Agreement on the Day and Year First Above Written. Pamida Holdings Corporation, a Delaware Corporation /S/ Steven S. Fishman By: /S/ Frank A. Washburn Steven S. Fishman Frank A. Washburn, Executive Vice President Pamida, Inc., a Delaware Corporation By: /S/ Frank A. Washburn Frank A. Washburn, Executive Vice President
12/34/56
