Document:

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                                                                    Exhibit 10.7

                   SECOND AMENDMENT TO EMPLOYMENT AGREEMENT

          THIS SECOND AMENDMENT is made and entered into as of the 31st  day of
October, 2000, by and between John Q. Hammons Hotels, Inc. (the "Company") and
Debra Mallonee Shantz (the "Executive") (the "Second Amendment").

          WHEREAS, the Company and Executive previously entered into an
Employment Agreement dated as of May 1, 1995, (the "Agreement") and a First
Amendment to Employment Agreement dated as of the October 31, 1997 (the "First
Amendment"), and Company and Executive now desire to amend the terms of the
Agreement as set forth herein.

          NOW, THEREFORE, in consideration of the mutual covenants and
provisions set forth herein and for other good and valuable consideration the
receipt and sufficiency of which is hereby acknowledged, the Company and
Executive hereby agree to amend the Agreement as follows:

          1.   Paragraph 2 - Term shall be amended in its entirety as follows:

                    "This Agreement shall continue for a renewal term of three
               (3) years (the "Renewal Term"), commencing May 1, 2001, and
               continuing thereafter from year to year, provided that either the
               Company or the Executive may terminate such employment at the end
               of the Renewal Term by giving the other not less than six
               months' prior written notice of such termination."

          2.   Paragraph 3(a) - Compensation shall be amended in its entirety as
               follows:

                    "Base salary.  During the Renewal Term, the Executive shall
               receive a base salary of One Hundred Fifty-five Thousand Dollars
               ($155,000.00) (the "Base Salary"), payable in accordance with the
               Company's normal payroll practices for salaried employees.  The
               Base Salary shall be reviewed annually and may be increased (but
               not decreased) in the course of each such review.  Under no
               circumstances shall any increase in the Base Salary (i) limit or
               reduce any other obligation to the Executive under this Agreement
               or (ii) be later reduced or eliminated once effective."
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     3.        Paragraph 5 - Termination shall be amended to add the following
               paragraph as Paragraph 5, subparagraph (c):

          3.   In the event that (i) there is a change in control of Company; or
               (ii) all or substantially all of the assets of Company are
               disposed of pursuant to a merger, consolidation, or other
               transaction in which Company is not the surviving corporation,
               Executive may, at her option be relieved of her obligation
               pursuant to this Agreement, and Company will pay the Executive an
               amount equal to twelve (12) multiplied by the sum of Executive's
               monthly salary in effect immediately prior to the termination,
               plus an amount equal to Executive's annual award actually paid
               under Company's incentive compensation plan for the calendar year
               immediately preceding the termination, in twelve (12) equal
               monthly installments, beginning on the first day of the month
               immediately following the month in which the termination occurs.

          4.   Continuing Validity.    Except as expressly modified herein, all
               remaining terms and conditions of the Agreement shall remain in
               full force and effect.

                              COMPANY

                              John Q. Hammons Hotels, Inc.

                              /s/ John Q. Hammons
                              -------------------
                              JOHN Q. HAMMONS
                                    Chairman of the Board and
                                         Chief Executive Officer

                              EXECUTIVE

                              /s/ Debra Mallonee Shantz
                              -------------------------
                              Debra Mallonee Shantz<PAGE>

                                                                    Exhibit 10.8

                   SECOND AMENDMENT TO EMPLOYMENT AGREEMENT

          THIS SECOND AMENDMENT is made and entered into as of the 31st  day of
October, 2000, by and between John Q. Hammons Hotels, Inc. (the "Company") and
Debra Mallonee Shantz (the "Executive") (the "Second Amendment").

          WHEREAS, the Company and Executive previously entered into an
Employment Agreement dated as of May 1, 1995, (the "Agreement") and a First
Amendment to Employment Agreement dated as of the October 31, 1997 (the "First
Amendment"), and Company and Executive now desire to amend the terms of the
Agreement as set forth herein.

          NOW, THEREFORE, in consideration of the mutual covenants and
provisions set forth herein and for other good and valuable consideration the
receipt and sufficiency of which is hereby acknowledged, the Company and
Executive hereby agree to amend the Agreement as follows:

          1.   Paragraph 2 - Term shall be amended in its entirety as follows:

                    "This Agreement shall continue for a renewal term of three
               (3) years (the "Renewal Term"), commencing May 1, 2001, and
               continuing thereafter from year to year, provided that either the
               Company or the Executive may terminate such employment at the end
               of the Renewal Term by giving the other not less than six
               months' prior written notice of such termination."

          2.   Paragraph 3(a) - Compensation shall be amended in its entirety as
               follows:

                    "Base salary.  During the Renewal Term, the Executive shall
               receive a base salary of One Hundred Fifty-five Thousand Dollars
               ($155,000.00) (the "Base Salary"), payable in accordance with the
               Company's normal payroll practices for salaried employees.  The
               Base Salary shall be reviewed annually and may be increased (but
               not decreased) in the course of each such review.  Under no
               circumstances shall any increase in the Base Salary (i) limit or
               reduce any other obligation to the Executive under this Agreement
               or (ii) be later reduced or eliminated once effective."

<PAGE>

     3.        Paragraph 5 - Termination shall be amended to add the following
               paragraph as Paragraph 5, subparagraph (c):

          3.   In the event that (i) there is a change in control of Company; or
               (ii) all or substantially all of the assets of Company are
               disposed of pursuant to a merger, consolidation, or other
               transaction in which Company is not the surviving corporation,
               Executive may, at her option be relieved of her obligation
               pursuant to this Agreement, and Company will pay the Executive an
               amount equal to twelve (12) multiplied by the sum of Executive's
               monthly salary in effect immediately prior to the termination,
               plus an amount equal to Executive's annual award actually paid
               under Company's incentive compensation plan for the calendar year
               immediately preceding the termination, in twelve (12) equal
               monthly installments, beginning on the first day of the month
               immediately following the month in which the termination occurs.

          4.   Continuing Validity.    Except as expressly modified herein, all
               remaining terms and conditions of the Agreement shall remain in
               full force and effect.

                              COMPANY

                              John Q. Hammons Hotels, Inc.

                              /s/ John Q. Hammons
                              -------------------
                              JOHN Q. HAMMONS
                                    Chairman of the Board and
                                         Chief Executive Officer

                              EXECUTIVE

                              /s/ Debra Mallonee Shantz
                              -------------------------
                              Debra Mallonee Shantz<PAGE>

                                                                   Exhibit 10.59

                                FIRST AMENDMENT
                                      OF
                   ACE LIMITED EMPLOYEE STOCK PURCHASE PLAN
                   ----------------------------------------

     RESOLVED, that, by virtue and in exercise of the amending power reserved to
ACE Limited ("ACE") under the ACE Limited Employee Stock Purchase Plan (the
"Plan"), the Plan be and is hereby amended in the following particulars, to be
effective as of the first day of the first Subscription Period beginning after
June 9, 2000:

     1.   By deleting subsection 2.2 in its entirety and replacing it with the
          following new subsection 2.2:

          "2.2  Participation Election.  The Committee shall establish
                ----------------------
          `Subscription Periods' of not longer than one year for the
          accumulation of funds necessary for payment of the Purchase Price (as
          defined in subsection 2.3) of Stock under the Plan. For any
          Subscription Period, an eligible employee shall become a Plan
          `Participant' by filing, with the Committee, a written payroll
          deduction authorization with respect to Compensation otherwise payable
          to the Participant during the period. Such payroll deductions shall be
          any full percentage of the Compensation of the Participant, or any
          specified whole dollar amount, up to but not more than 10% of his
          Compensation in either case. After the beginning of the Subscription
          Period, and except as otherwise provided in subsection 2.4, a
          Participant may not alter the rate of his payroll deductions for that
          period. Subject to the limitations of subsection 2.3, each eligible
          employee who has elected to become a Participant for a Subscription
          Period in accordance with the foregoing provisions of this subsection
          2.2 shall be granted on the first day of such Subscription Period an
          option to purchase (at the applicable Purchase Price) on the Exercise
          Date (as defined in subsection 2.3) for such Subscription Period up to
          a number of whole shares of Stock determined by dividing such
          Participant's accumulated payroll deductions as of such Exercise Date
          by the applicable Purchase Price. Exercise of the option shall occur
          as provided in subsection 2.3, unless the Participant has terminated
          participation in the Plan prior to the Exercise Date as provided in
          subsection 2.4 or the Participant elects not to exercise the option as
          provided in subsection 2.3(b). The option shall expire on the last day
          of the Subscription Period."

     2.   By deleting Section 2.3 in its entirety and replacing it with the
          following new Section 2.3:
<PAGE>

               "2.3   Purchase of Stock.  On the last day of each Subscription
                      -----------------
          Period (the `Exercise Date'), a Participant shall become eligible to
          exercise his option to purchase the number of whole shares of Stock as
          his accumulated payroll deductions for the Subscription Period will
          purchase, subject to the following:

          (a)  The `Purchase Price' per share shall be equal to 85% of the
               lesser of (i) the fair market value of Stock on the first day of
               the Subscription Period; or (ii) the fair market value of Stock
               on the Exercise Date; provided, however, that in no event shall
               the purchase price be less than the par value of the Stock.

          (b)  A Participant shall be deemed to have elected to purchase the
               shares of Stock which he became entitled to purchase on the
               Exercise Date unless he shall notify the Committee within seven
               days following the Exercise Date, or such shorter period as the
               Committee may establish, that he elects not to make such
               purchase.

          (c)  Any accumulated payroll deductions that are not used to purchase
               full shares of Stock under the Plan shall be paid to the
               Participant without interest.

          (d)  No employee shall have the right to purchase more than $25,000 in
               value of Stock under the Plan (and any other employee stock
               purchase plan described in Code section 423 and maintained by the
               Company or any Related Company) in any calendar year, such value
               being based on the fair market value of Stock as of the date on
               which the option to purchase the Stock is granted, as determined
               in accordance with subsection 2.2 of the Plan."

     FURTHER RESOLVED, that the executive officers of ACE Limited be, and they
hereby are, authorized and directed to take all such actions as they deem
necessary or desirable to implement the foregoing resolution.

     FURTHER RESOLVED, that whenever it is provided in the foregoing resolutions
that an executive officer may take any action as such officer may deem necessary
or desirable, the taking of such action by any such executive officer shall be
conclusive evidence that such officer deems such action to be necessary or
desirable.

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