BLOUNT INTERNATIONAL INC
AMEND. EMPLOYMENT AGREEMENT - C. E. JENNESS
<DOCUMENT>
<TYPE>EX-10.Z
<SEQUENCE>4
<FILENAME>ex-10z.txt
<DESCRIPTION>AMEND. EMPLOYMENT AGREEMENT - C. E. JENNESS
<TEXT>
                                                                 Exhibit 10(z)

                                 AMENDMENT TO
                             EMPLOYMENT AGREEMENT
                                      OF
                               CALVIN E. JENNESS


     THIS AGREEMENT made and entered into as of this 14th day of February,
2002, by and between BLOUNT INTERNATIONAL, INC. (the "Company") and CALVIN E.
JENNESS ("Executive");

                             W I T N E S S E T H :


     WHEREAS, the Company and Executive entered into an Employment Agreement,
dated and effective as of September 11, 2000 ("Employment Agreement"); and

     WHEREAS, the parties now desire to amend the Employment Agreement in the
manner hereinafter provided;

     NOW, THEREFORE, in consideration of the premises and the mutual covenants
and agreements contained herein and in the Employment Agreement, the parties
hereby agree to amend the Employment Agreement as follows:

                                      1.

     Section 2(b) is hereby amended effective for fiscal years beginning on
and after January 1, 2002, by deleting the present section in its entirety and
substituting the following in lieu thereof:

               "(b) Executive shall be eligible to participate in the
          Executive Management Annual Incentive Program ("Incentive Program")
          and such other annual incentive plans as may be established by the
          Company from time to time for individuals at Executive's level. The
          Company will establish individual and financial performance goals
          each year under the Incentive Program, and Executive's annual Target
          Bonus shall be 40% of Base Salary. The annual incentive bonus
          payable under this subsection (b) shall be payable in accordance
          with the provisions of the Incentive Program at the same time
          bonuses are paid to other executives, unless Executive elects to
          defer all or a portion of such bonus pursuant to any deferral plan
          established by the Company for such purpose."

                                      2.

     Section 3.1 is hereby amended by deleting the fourth sentence of the
first paragraph of the present section in its entirety and substituting the
following in lieu thereof:

               "Unless specified otherwise, the time periods in subsections
          (a) through (d) below shall be the twelve-month period commencing on
          the date of Executive's termination of employment ("Severance
          Period")."

                                      3.

     This Amendment to the Employment Agreement shall be effective as of
February 14, 2002. Except as hereby modified, the provisions of the Employment
Agreement shall remain in full force and effect.

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

                                                 COMPANY:
                                                 BLOUNT INTERNATIONAL, INC.


                                                 By:
                                                     --------------------------


                                                 EXECUTIVE



                                                 ------------------------------
                                                 CALVIN E. JENNESS


</TEXT>
</DOCUMENT>
