AMENDMENT TO EMPLOYMENT AGREEMENT
This AMENDMENT TO EMPLOYMENT AGREEMENT (this "Amendment") is made and
entered into as of November 19, 1999, by and between Navigant International,
Inc., (the "Company") and Neville Teagarden ("Employee").
RECITAL
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WHEREAS the Company and the Employee are parties to an Employment
Agreement, dated as of December 23, 1998, (the "Agreement"), which the Company
and Employee now desire to amend as set forth herein.
AGREEMENT
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NOW THEREFORE, in consideration of the mutual promises herein made and for
other good and valuable consideration, the sufficiency of which is hereby
acknowledged, Assignor, Assignee and Employee hereby agree as follows:
Section 1. Amendments.
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(a) Section 2, Position and Duties, of the Agreement is hereby
amended to delete the first sentence of such Section, and to replace it
with the following:
"The Company hereby employs Employee as Chief Information Officer."
(b) Section 3(a), Base Salary, of the Agreement is hereby amended to
delete the first sentence of such Section, and to replace it with the
following:
"Effective on November 19, 1999, the base salary payable to Employee
shall be $180,000.00 per year, payable on a regular basis in
accordance with the Company's standard payroll procedures, but not
less than monthly."
(c) Section 3(b), Perquisites, Benefits, and Other Compensation, is
hereby amended by the addition of a new sentence at the end of such Section
as follows:
"The Employee shall also be provided an automobile allowance of
$400.00 per month."
Section 2. Effect. Except as specifically amended by this Amendment, the
Agreement will remain in full force and effect. All references to the
"Agreement" in the Agreement will hereafter be deemed to refer to the Agreement
as amended hereby.
Section 3. Miscellaneous.
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(a) Definitions. Capitalized terms used and not defined herein have
the meanings given to such terms in the Agreement.
(b) Counterparts. This Amendment may be executed in one or more
counterparts, each of which shall be deemed an original but all of which
together shall constitute one and the same instrument.
(c) Governing Law. This Amendment will be governed by the Governing
Law provision contained in the Agreement.
IN WITNESS WHEREOF, the Company and Employee have executed this Amendment
as of the date first above written.
COMPANY EMPLOYEE
NAVIGANT INTERNATIONAL, INC.
By: /s/ Robert C. Griffith /s/ Neville Teagarden
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Robert C. Griffith, Neville Teagarden
Chief Financial Officer
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