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EXHIBIT 10.1
AMENDMENT TO
SEVERANCE AGREEMENT
THIS AMENDMENT, dated as of March 1, 2000, is made by and between
Einstein/Noah Bagel Corp., a Delaware corporation (the "Company") and Paul
Murphy (the "Executive").
WHEREAS, the Company and the Executive are parties to a severance agreement
dated May 8, 1998, restated effective as of August 26, 1999 (the "Severance
Agreement"); and
WHEREAS the Company has recently adopted an Amended and Restated Employee
Retention Program (the "Retention Program"); and
WHEREAS, the Company and the Executive desire to confirm that the benefits
provided for under the Retention Program are in addition to those provided for
in the Severance Agreement;
NOW, THEREFORE, in consideration of the premises and the mutual covenants
herein contained, the Company and the Executive hereby agree as follows:
1. Amendment. The third sentence of Section 11 of the Severance
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Agreement is amended by changing the period at the end of the sentence to a
semicolon and adding to the sentence the following clause: "and provided
further, that, notwithstanding any other provision of this Agreement, the
Executive shall be entitled to receive any benefits provided for in the
Company's Amended and Restated Employee Retention Program on the terms and
subject to the conditions provided for therein."
2. Continuing Effect of Severance Agreement. The Severance Agreement
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shall remain in full force and effect, except as amended hereby.
EINSTEIN/NOAH BAGEL CORP.
By /s/ Paul A. Strasen
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/s/ Paul Murphy
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Paul Murphy
