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652 <br /> <br /> ADDENDUM NUMBER TWO TO EMPLOYMENT AGREEMENT ... <br /> DATED JUNE 15, 1994, BETWEEN <br /> THE PARIS ECONOMIC DEVELOPMENT CORPORATION, <br /> THE LAMAR COUNTY CHAMBER OF COMMERCE AND <br /> GARY L. VEST <br /> <br />STATE OF TEXAS ) <br /> ) <br />COUNTY OF LAMAR ) <br /> <br /> KNOW ALL MEN BY THESE PRESENTS, that this Addendum Number One to <br />Employment Agreement dated June 15, 1994, between the Paris Economic Development <br />Corporation, the Lamar County Chamber of Commerce and Gary L. Vest, is made this 12th day <br />of June, 2001, by and between the Paris Economic Development Corporation, by and through its <br />President, Michael R. Rhodes, duly authorized, hereinafter called PEDC, the Lamar County <br />Chamber of Commerce, by and through its President, Terry Christian, duly authorized, hereinafter <br />called CHAMBER, and Gary L. Vest, hereinafter called VEST. <br /> <br /> WITNESSETH <br /> <br /> It is hereby mutually agreed by and among PEDC, CHAMBER and VEST that the <br />following paragraphs be amended to read as follows: <br /> <br /> "SECTION 3. Compensations <br /> <br /> "PEDC and CHAMBER shall pay VEST a salary, before required <br /> deductions, of not less than $6,666.67 per month, payable monthly. All such <br /> compensation shall be subject to the customary withholding tax, Social Security <br /> tax, and other employment or payroll taxes as may be required and provided by the <br /> .United States of America or the State of Texas." <br /> <br /> "SECTION 4. Term <br /> <br /> "Except to the extent otherwise stated in this Paragraph, VEST serves at <br /> the will of PEDC and CHAMBER. <br /> <br /> "In the event that VEST is terminated from his employment for any reason <br /> other than for cause, in accordance with Section 13, PEDC and CHAMBER agree <br /> to continue to pay and provide to VEST all salary and benefits due hereunder for <br /> <br /> EXHIBIT A <br /> <br /> <br />