Exhibit 10.20.1

 

FIRST AMENDMENT TO EXECUTIVE EMPLOYMENT AGREEMENT

 

 

 

                THIS FIRST AMENDMENT TO EXECUTIVE EMPLOYMENT AGREEMENT (this
“First Amendment”) is made and entered into this 25th day of April, 2001, by and
between APCOA/Standard Parking, Inc. a Delaware corporation (the “Company”) and
James A. Wilhelm (“Executive”).

 

RECITALS

 

A.                  The Company and Executive are parties to an Executive
Employment Agreement dated August 1, 1999 (the “Employment Agreement”).  All
capitalized terms used herein and not otherwise defined shall have the same
meaning ascribed to such terms in the Employment Agreement.

 

B.                   By Resolution of the Board of Directors of the Company on
August 25, 2000, Executive was elected and made President of the Company.

 

B.                   The Company and Executive desire to amend certain terms of
the Employment Agreement, as hereinafter set forth, to reflect changes in title,
compensation and benefits of Executive which became effective as of August 25,
2000.

 

NOW, THEREFORE, the Employment Agreement is hereby amended in the following
respects:

 

1.                   The first sentence of Paragraph 1. (a) is hereby amended by
deleting the entire sentence and substituting the following sentence in lieu
thereof:

 

                      “The Company agrees to employ Executive in the position of
President, effective as of August 25, 2000.”

 

2.                   The first sentence of Paragraph 2. (a) is hereby amended by
deleting the entire sentence and substituting the following sentence in lieu
thereof:

 

                                      “Salary.  Executive shall receive a base
salary at the rate of not less than $335,000, effective as of August 25, 2000.”

 

3.                   Subparagraph (i) of paragraph 5 (g) is hereby amended by
deleting the first sentence and substituting the following sentence in lieu
thereof:

 

                                      “ (i)       if Executive’s termination
occurs for any reason other than Cause, the sum of $167,500 in equal monthly
installments for up to eighteen months following the Date of Termination;”

 

 

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4.                   Except as specifically amended by this First Amendment the
Employment Agreement shall remain unchanged and in full force and effect.

                                     

IN WITNESS WHETREOF, Executive and the Company have executed this First
Amendment as of the day and year first above written.

 

               

APCOA/Standard Parking, Inc.:

 

By:  ______________________

 

Myron C. Warshauer

 

Chief Executive Officer

 

 

Executive:

 

 

__________________________

James A. Wilhelm

 

 

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