PRICESMART INC - FORM 10-Q - EX-10.2 - TWENTY-FOURTH AMENDMENT TO EMPLOYMENT AGREEMENT BETWEEN THE COMPANY AND RMG - January 7, 2011

Attached files

file filename
10-Q - 1ST QUARTER 10-Q FY11 - PRICESMART INCform10q.htm
EX-32.1 - CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, CEO - PRICESMART INCex32_1.htm
EX-10.7 - ADDENDUM NO. 2 TO PURCHASE AGREEMENT BETWEEN PRICESMART COLOMBIA S.A.S. AND CEMENTOS ARGOS S.A. - PRICESMART INCex10_7.htm
EX-31.2 - CERTIFICATION PURSUANT TO SECTION 302, CFO - PRICESMART INCex31_2.htm
EX-10.6 - ADDENDUM NO. 1 TO PURCHASE AGREEMENT BETWEEN PRICESMART COLOMBIA S.A.S. AND CEMENTOS ARGOS S.A. - PRICESMART INCex10_6.htm
EX-10.3 - LOAN AGREEMENT BETWEEN PRICESMART COLOMBIA, S.A.S. AND CITIBANK, N.A. - PRICESMART INCex10_3.htm
EX-32.2 - CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, CFO - PRICESMART INCex32_2.htm
EX-10.5 - PURCHASE AGREEMENT BETWEEN PRICESMART COLOMBIA S.A.S. AND CEMENTOS ARGOS S.A. - PRICESMART INCex10_5.htm
EX-10.1 - FIFTEENTH AMENDMENT TO EMPLOYMENT AGREEMENT BETWEEN THE COMPANY AND JLL - PRICESMART INCex10_1.htm
EX-10.4 - DEPOSIT BETWEEN PRICESMART, INC. AND CITIBANK, N.A. NEW YORK - PRICESMART INCex10_4.htm
EX-31.1 - CERTIFICATION PURSUANT TO SECTION 302, CEO - PRICESMART INCex31_1.htm
TWENTY-FOURTH AMENDMENT TO EMPLOYMENT AGREEMENT


This Twenty-Fourth Amendment to Employment Agreement is made and entered into as of October 6, 2010, by and between PriceSmart, Inc., a Delaware Corporation (“Employer”) and Robert M. Gans (“Executive”).

Recitals

A)  
On September 20, 1994 an Employment Agreement was made and entered into by and between Executive and Price Enterprises, Inc.

B)  
Said Employment Agreement has been assigned to Employer and amended on twenty-three prior occasions;

C)  
Employer and Executive now desire to further amend the Employment Agreement, as set forth hereinbelow:

Agreement

1.    Section 3.1 of the Employment Agreement, which currently provides:

3.1           Term.  The term of Executive's employment hereunder shall commence on October 17, 1994 and shall continue until October 16, 2010 unless sooner terminated or extended as hereinafter provided (the "Employment Term").

is hereby amended, to provide as follows:

3.1           Term.  The term of Executive's employment hereunder shall commence on October 17, 1994 and shall continue until October 16, 2011 unless sooner terminated or extended as hereinafter provided (the "Employment Term").

2.  
All other terms of the Employment Agreement, as amended, shall remain unaltered and fully effective.


Executed in San Diego, California, as of the date first written above.


EXECUTIVE                                                                                     EMPLOYER
                       PRICESMART, INC.

Robert M. Gans                                                                              By:            ______________        

______________________                                                       Name:       Jose Luis Laparte                                

                           Its:           Chief Executive Officer

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