Document:

Exhibit 10.62

 

ELEVENTH AMENDMENT TO EMPLOYMENT AGREEMENT

 

This
Eleventh Amendment to Employment Agreement (the “Eleventh Amendment”) is made
and entered into as of January 1, 2005, by and between KENNEDY-WILSON, INC., a Delaware corporation with its principal
office located in Beverly Hills, California (the “Company”), and Freeman
A. Lyle, Jr., an individual (“Employee”).

 

RECITALS

 

WHEREAS, Company and
Employee have entered into that certain Employment Agreement dated as of April 1,
1996, and amended April 1, 1997, April 1, 1998, April 1, 1999,
April 1, 2000, January 1, 2001, March 28, 2001, September 1, 2002, October 1, 2003, and January 4,
2004 (“Agreement”), providing for the employment of Employee by Company
pursuant to the terms of such Agreement; and

 

WHEREAS, Company and Employee have agreed that the terms of the Employment
Agreement should be modified to change the Term of Employment.

 

AMENDMENT TO AGREEMENT

 

NOW, THEREFORE, for
good and valuable consideration the receipt and sufficiency of which are
hereby acknowledged, the parties hereby amend the Agreement, effective as of January 1,
2005 as follows:

 

1.               The Term of the
Agreement is extended until December 31, 2005. Therefore, Section 2
of the Agreement is amended such that the termination date of “December 31,
2004” is deleted and the termination date of “December 31, 2005” is
inserted in lieu thereof.

 

Subject to the foregoing,
the Employment Agreement remains in full force and effect, and Company and
Employee hereby ratify and affirm the Employment Agreement in each and every
respect.

 

IN WITNESS WHEREOF, the
undersigned have executed this Tenth Amendment as of the date first above
written

 

	
   

  	
  COMPANY”

  
	
   

  	
  KENNEDY-WILSON,
  INC.

  
	
   

  	
  A
  California Corporation

  
	
   

  	
   

  
	
   

  	
  By:
  

  	
  /s/
  William J. McMorrow

  
	
   

  	
   

  	
  Chief
  Executive Officer

  
	
   

  	
   

  	
   

  
	
   

  	
  “EMPLOYEE”

  
	
   

  	
  /s/ Freeman Lyle, Jr.Exhibit 10.63

 

TWELFTH AMENDMENT TO EMPLOYMENT AGREEMENT

 

This Twelfth Amendment to
Employment Agreement (the “Twelfth Amendment”) is made and entered into as of January 1,
2006, by and between KENNEDY-WILSON, INC., a Delaware corporation with its
principal office located in Beverly Hills, California (the “Company”), and
Freeman A. Lyle, Jr., an individual (“Employee”).

 

RECITALS

 

WHEREAS, Company and
Employee have entered into that certain Employment Agreement dated as of April 1,
1996, and amended April 1, 1997, April 1, 1998, April 1, 1999, April 1,
2000, January 1, 2001, March 28, 2001, September 1, 2002, October 1,
2003, January 4, 2004, and January 1, 2005 (“Agreement”), providing
for the employment of Employee by Company pursuant to the terms of such Agreement;
and

 

WHEREAS, Company and
Employee have agreed that the terms of the Employment Agreement should be
modified to change the Term of Employment.

 

AMENDMENT
TO AGREEMENT

 

NOW, THEREFORE, for good and
valuable consideration the receipt and sufficiency of which are hereby
acknowledged, the parties hereby amend the Agreement, effective as of January 1,
2006 as follows: 

 

1.             The Term of the Agreement is
extended until December 31, 2006. Therefore, Section 2 of the
Agreement is amended such that the termination date of “December 31, 2005”
is deleted and the termination date of “December 31, 2006” is inserted in
lieu thereof.

 

Subject to the foregoing,
the Employment Agreement remains in full force and effect, and Company and
Employee hereby ratify and affirm the Employment Agreement in each and every
respect.

 

IN WITNESS
WHEREOF, the undersigned have
executed this Tenth Amendment as of the date first above written

 

	
   

  	
  COMPANY”

  
	
   

  	
  KENNEDY-WILSON,
  INC.

  
	
   

  	
  A
  California Corporation

  
	
   

  	
  By:
  

  	
  /s/
  William J. McMorrow

  
	
   

  	
   

  	
  Chief
  Executive Officer

  
	
   

  	
   

  	
   

  
	
   

  	
  “EMPLOYEE”

  
	
   

  	
  /s/ Freeman Lyle, Jr.Exhibit 10.64

 

THIRTEENTH AMENDMENT TO
EMPLOYMENT AGREEMENT

 

This Thirteenth Amendment to Employment Agreement (the
“Thirteenth Amendment”) is made and entered into as of January 1, 2007, by
and between KENNEDY-WILSON, INC., a Delaware corporation with its principal
office located in Beverly Hills, California (the “Company”), and Freeman A.
Lyle, Jr., an individual (“Employee”).

 

RECITALS

 

WHEREAS, Company and Employee have entered into
that certain Employment Agreement dated as of April 1, 1996, and amended April 1,
1997, April 1, 1998, April 1, 1999, April 1, 2000, January 1,
2001, March 28, 2001, September 1, 2002, October 1, 2003, January 4,
2004, January 1, 2005 and January 1, 2006 (“Agreement”), providing
for the employment of Employee by Company pursuant to the terms of such
Agreement; and

 

WHEREAS, Company and Employee have agreed that
the terms of the Employment Agreement should be modified to change the Term of
Employment.

 

AMENDMENT TO AGREEMENT

 

NOW, THEREFORE, for good and valuable consideration the receipt and
sufficiency of which are hereby acknowledged, the parties hereby amend the
Agreement, effective as of January 1, 2007 as follows:

 

1.     The Term of the Agreement is extended until
December 31, 2007. Therefore, Section 2 of the Agreement is amended
such that the termination date of “December 31, 2006” is deleted and the
termination date of “December 31, 2007” is inserted in lieu thereof.

 

Subject to the foregoing, the Employment Agreement remains in full
force and effect, and Company and Employee hereby ratify and affirm the
Employment Agreement in each and every respect.

 

IN WITNESS WHEREOF, the
undersigned have executed this Tenth Amendment as of the date first above
written.

 

	
   

  	
  COMPANY”

  
	
   

  	
  KENNEDY-WILSON,
  INC.

  
	
   

  	
  A California
  Corporation

  
	
   

  	
   

  
	
   

  	
  By:
  

  	
  /s/
  William J. McMorrow

  
	
   

  	
   

  	
  Chief
  Executive Officer

  
	
   

  	
   

  	
   

  
	
   

  	
  “EMPLOYEE”

  
	
   

  	
  /s/ Freeman Lyle, Jr.Exhibit 10.65

 

FOURTEENTH
AMENDMENT TO EMPLOYMENT AGREEMENT

 

This Fourteenth Amendment to
Employment Agreement (the “Fourteenth Amendment”) is made and entered into as
of March 1, 2007, by and between KENNEDY-WILSON, INC., a Delaware
corporation with its principal office located in Beverly Hills, California (the
“Company”), and Freeman A. Lyle, Jr., an individual (“Employee”).

 

RECITALS

 

WHEREAS, Company and
Employee have entered into that certain Employment Agreement dated as of April 1,
1996, and amended April 1, 1997, April 1, 1998, April 1, 1999, April 1,
2000, January 1, 2001, March 28, 2001, September 1, 2002, October 1,
2003, January 4, 2004, January 1, 2005, January 1, 2006, and January 1,
2007 (“Agreement”), providing for the employment of Employee by Company
pursuant to the terms of such Agreement; and

 

WHEREAS, Company and
Employee have agreed that the terms of the Employment Agreement should be
modified to change the Salary.

 

AMENDMENT TO AGREEMENT

 

NOW,
THEREFORE, for good and valuable consideration the receipt and
sufficiency of which are hereby acknowledged, the parties hereby amend the
Agreement, effective as of March 1, 2007 as follows:

 

1.             Section 4 (i) of
the Agreement is amended such that Employee’s salary effective March 1,
2007 is equal to $355,000 per annum payable on such basis as is the normal
payment pattern of the Company, not to be less frequently than monthly.

 

Subject to the foregoing,
the Employment Agreement remains in full force and effect, and Company and
Employee hereby ratify and affirm the Employment Agreement in each and every
respect.

 

IN WITNESS WHEREOF, the undersigned have
executed this Tenth Amendment as of the date first above written.

 

	
   

  	
  COMPANY”

  
	
   

  	
  KENNEDY-WILSON,
  INC.

  
	
   

  	
  A
  California Corporation

  
	
   

  	
   

  
	
   

  	
  By:
  

  	
  /s/
  William J. McMorrow

  
	
   

  	
   

  	
  Chief
  Executive Officer

  
	
   

  	
   

  	
   

  
	
   

  	
  “EMPLOYEE”

  
	
   

  	
  /s/ Freeman Lyle, JrExhibit 10.66

 

FIFTEENTH
AMENDMENT TO EMPLOYMENT AGREEMENT

 

This Fifteenth Amendment to
Employment Agreement (the “Fifteenth Amendment”) is made and entered into as of
January 1, 2008, by and between KENNEDY-WILSON, INC., a Delaware
corporation with its principal office located in Beverly Hills, California (the
“Company”), and Freeman A. Lyle, Jr., an individual (“Employee”).

 

RECITALS

 

WHEREAS, Company and
Employee have entered into that certain Employment Agreement dated as of April 1,
1996, and amended April 1, 1997, April 1, 1998, April 1, 1999, April 1,
2000, January 1, 2001, March 28, 2001, September 1, 2002, October 1,
2003, January 4, 2004, January 1, 2005, January 1, 2006, and January 1,
2007 (“Agreement”), providing for the employment of Employee by Company
pursuant to the terms of such Agreement; and

 

WHEREAS, Company and
Employee have agreed that the terms of the Employment Agreement should be
modified to change the Term of Employment.

 

AMENDMENT TO AGREEMENT

 

NOW,
THEREFORE, for good and valuable consideration the receipt and
sufficiency of which are hereby acknowledged, the parties hereby amend the
Agreement, effective as of January 1, 2008 as follows:

 

1.                The Term of the Agreement is
extended until December 31, 2008. Therefore, Section 2 of the Agreement
is amended such that the termination date of “December 31, 2007” is
deleted and the termination date of “December 31, 2008” is inserted in
lieu thereof.

 

Subject to the foregoing,
the Employment Agreement remains in full force and effect, and Company and
Employee hereby ratify and affirm the Employment Agreement in each and every
respect.

 

IN WITNESS
WHEREOF, the undersigned have executed this Tenth Amendment
as of the date first above written.

 

	
   

  	
  COMPANY”

  
	
   

  	
  KENNEDY-WILSON,
  INC.

  
	
   

  	
  A
  California Corporation

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  William J. McMorrow

  
	
   

  	
   

  	
  Chief
  Executive Officer

  
	
   

  	
   

  	
   

  
	
   

  	
  “EMPLOYEE”

  
	
   

  	
  /s/ Freeman Lyle, Jr

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00163-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00163-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00163-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00163-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00163-of-00352.parquet"}]]