Exhibit 10.22.1


 


FIRST AMENDMENT TO EMPLOYMENT AGREEMENT


 


THIS FIRST AMENDMENT (the
‘‘First Amendment’’) is made as of the I’’ day of January, 2000, by and between
APCOA/STANDARD PARKING, INC. (formerly known as ‘‘APCOA, Inc.’’), a Delaware
corporation (the ‘‘Company’’), and  JOHN
RICCHIUTO (the ‘‘Employee’’).


 


RECITALS


 


A.                                   The Company and the Employee previously
entered into a Management Employment Agreement dated as of July 1, 1998 (the
‘‘Agreement’’).


 


B.                                     The Company and the Employee now mutually
desire to modify and amend the Agreement as set forth herein.


 


NOW,
THEREFORE, in
consideration of the mutual agreements and covenants hereinafter contained, the
parties hereto agree as follows:


 


1.                                       All capitalized terms used in this First
Amendment and not otherwise defined herein shall have the meaning set forth in
the Agreement.


 


2.                                       Effective from and after January 1, 2000,
Section 3(a) and subsection 3(a) I shall be deemed amended to read, in their
entirety as so amended, as follows:


 


‘‘(a) Salary at the rate of
One Hundred Thirty-Five Thousand Dollars ($135,000) per year (‘‘Base Salary’’),
payable in accordance with the payroll schedule as may be in effect from time
to time during the term hereof. The Base Salary shall be subject to periodic
review and, in the sole discretion of the Company, may be annually adjusted
without affecting any other provisions of this Agreement. It is understood that
the next adjustment of Employee’s Base Salary is anticipated to be effective
April 1, 2001.


 


1.               Employee shall be eligible to participate in
the Company’s based compensation program (‘‘PBC
Program’’) based upon Employee’s performance in meeting or exceeding
goals established for Employee’s position and such other terms and conditions
established by the Company. Any and all amounts payable to Employee pursuant to
the PBC Program shall be payable in accordance with the distribution schedule
in effect from time to time with respect to other similarly situated Senior
Vice Presidents of the Company.’’


 


3.                                       To the extent any of the provisions of the
Agreement may be viewed as conflicting with the terms of this First Amendment,
the terms of this First Amendment shall be deemed to control. All other
provisions of the Agreement not specified or amended herein shall remain in
ftill force and effect.


 

















 


4.                                       This First Amendment contains the entire
agreement between the parties hereto with respect to the subject matter hereof
and supercedes all negotiations, prior discussions, agreements and
understandings, written or oral, relating to the subject matter hereof


 


IN WITNESS WHEREOF, the parties hereto have
caused this First Amendment to be duly executed as of the date above written.


 


	
  APCOA/STANDARD PARKING,
  INC.

  
	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  
	
   

  	
  James A. Wilhelm

  Sr. Executive Vice President and

  Chief Operations Officer

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  JOHN
  RICCHIUTO

  	
   

  
					



 


2