EX-10.42 16 dex1042.txt FIRST AMENDMENT TO SEVERANCE AND CONSULTING SERVICES AGREEMENT-CHIAVELLI Exhibit 10.42 FIRST AMENDMENT TO SEVERANCE AND CONSULTING AND SERVICES AGREEMENT This First Amendment to Severance and Consulting Services Agreement ("Amendment") by and between Smart & Final Inc. and its subsidiaries and affiliates (collectively "S&F") and Dennis L. Chiavelli ("Chiavelli") hereby amends the Severance and Consulting Services Agreement ("Agreement") executed between the parties on or about May 14, 2003. WHEREAS, 1. S&F desires to extend Chiavelli's employment with S&F to facilitate the orderly consummation of the sales of S&F's foodservice businesses and the Company's exit from the Florida store market (collectively "the Transactions"); and 2. The Transactions and post-closing transition periods are expected to extend through the end of December 2003, which is after Chiavelli's current resignation date of July 1, 2003; NOW, THEREFORE, the parties agree as follows, in consideration of the mutual promises and representations contained herein: 3. The Effective Date in paragraph 6 of the Agreement is hereby changed from July 1, 2003 to December 31, 2003. 4. The incentive compensation payment for fiscal 2003 ("2003 Bonus"), referenced in paragraph 7 is hereby changed from $88,920.00 to $177,840.00. All other terms of the Agreement shall remain unchanged. SMART & FINAL INC. DENNIS L. CHIAVELLI /s/ Ross E. Roeder /s/ Dennis Chiavelli ------------------------------------- ------------------------------------- By: Ross E. Roeder Title: Chairman & CEO 11/12/03 11/8/03 ------------------------------------- ------------------------------------- Date Date