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Exhibit 10.3
 
SECOND AMENDMENT TO EMPLOYMENT AGREEMENT
 
This Second Amendment to Employment Agreement (this “Amendment”), dated as of
December 16, 2009, is entered into by and between Mannatech, Incorporated (the
“Company”) and B. Keith Clark (“Employee”).
 
RECITALS
 
This Second Amendment amends that certain Employment Agreement, effective as of
October 5, 2007, together with the First Amendment to Employment Agreement,
effective as of December 18, 2008, by and between the Company and Employee (the
“Amended Employment Agreement”).
 
STATEMENT OF AGREEMENT
 
NOW, THEREFORE, in consideration of the foregoing and other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, the
parties hereto hereby agree as follows:
 
1.           The first sentence of Section 1.2 of the Amended Employment
Agreement is hereby amended and restated in its entirety to read as follows:
 
“The Employee shall serve as Executive Vice President and Chief Legal Officer of
the Company, with the authority, duties and responsibilities described herein
and those customarily incident to such office.  ”
 
2.           This Second Amendment may be executed in multiple counterparts,
each of which shall be deemed an original, but all of which together shall
constitute one and the same instrument.
 
3.           This Second Amendment and the Amended Employment Agreement and the
documents referred to herein and therein constitute the entire agreement among
the parties and supersede in all respects
              any other agreement or understanding among the parties.  No party
shall be liable or bound to any other party in any manner by any warranties,
representations, or covenants except as specifically set forth
              herein or therein.
 
4.           In case any one or more of the provisions contained in this Second
Amendment should be invalid, illegal or unenforceable in any respect, the
validity, legality or enforceability of the remaining provisions
              contained herein shall not in any way be affected or impaired
thereby.
 
5.           This Second Amendment shall be governed by, and enforced and
construed under, the laws of the State of Texas.
 
[SIGNATURE PAGE FOLLOWS]
 

 
 

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IN WITNESS WHEREOF, the parties have executed this Second Amendment as of the
date first above written.
 
COMPANY:
 
MANNATECH, INCORPORATED

 
 
By:
/s/ Stephen D. Fenstermacher
 

 
 
Stephen D. Fenstermacher, Co-Chief Executive Officer and Chief Financial Officer

 

 
EMPLOYEE:
 
/s/ B. Keith Clark                                                           
B. Keith Clark
 

 

 
 

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