EX-10 2 ex10-17.txt EXHIBIT 10.17 FIRST AMENDMENT This First Amendment to the Employment Agreement of Terry L. Persinger ("Amendment") is entered into by and between Terry L. Persinger ("Employee") and Mannatech, Incorporated ("Employer"), as of this the 1st day of January, 2002, and amends that certain Employment Agreement entered into by and between the Employee and the Employer, effective November 1, 1999. ARTICLE I. Paragraph 1, "Term" of the Agreement is hereby renewed until December 31, 2004. Paragraph 2, "Compensation" is amended to reflect an increase in salary of $40,000 to $340,000 per annum commencing January 1, 2002. ARTICLE V. Paragraph 13, "Notice" is changed to: Terry L. Persinger 1600 Promontory Road Cedar Hill, Texas 75104-1529 In all other things except the foregoing Amendment, the Agreement shall remain in full force and effect. Effective this 1st day of January, 2002. MANNATECH, INCORPORATED By: ---------------------------- ------------------------------ Terry L. Persinger Jules Zimmerman Its: Co-Chairman First Amendment - Solo Page