Amendment to Section 4 of the Employment Agreement. Section 4 of the Employment Agreement is hereby amended to add the following:
Amendment to Section 4 of the Employment Agreement. Section 4 of the Employment Agreement is hereby amended by adding the following language at the end thereof to read as follows: “Payments of annual bonus that are earned, if any, shall be made as soon as practicable following the determination by the Company that such amounts have been earned, but in any event on or prior to March 15 of the year following the year such bonus is earned.”
Amendment to Section 4 of the Employment Agreement. Subject to approval of the Compensation Committee and the Board of Directors of the Company, the base salary in section 4.1 is increased to $175,000, per annum as of June 8, 2007and options shall be granted in accordance with Exhibit A to this Amendment. Provided that the Company has achieved its funding and revenue targets for the period June 1 through September 30, 2007, the base salary will be increased to $225,000 as of October 1, 2007.
Amendment to Section 4 of the Employment Agreement. Section 4 of the Employment Agreement is hereby modified to the following extent. The Employment Agreement shall terminate on March 31, 2021, and shall not renew. KW shall remain employed by JW pursuant to the Employment Agreement through and including March 31, 2021, and the Parties shall continue to comply with their respective obligations under the Employment Agreement through and including March 31, 2021.
Amendment to Section 4 of the Employment Agreement. Section 4 of the Employment Agreement is hereby amended and restated in its entirety as follows: “Executive may submit reasonable, out-of-pocket, work-related expenses to the Bank for reimbursement, including, without limitation, mobile phone monthly service and usage, consistent with any policies that the Bank may then have in place regarding expense reimbursements. In addition, the Bank agrees to reimburse Executive, consistent with Bank policy for remote workers, for all reasonable and necessary expenses for travel, including airfare, ground transportation, parking, and tolls, between Los Angeles and San Francisco for traveling to and from the Bank’s San Francisco office, in-person meetings, conferences, and other events that occur in the normal course and scope of Executive’s duties and for the benefit of the Bank between March 15, 2024, and June 30, 2024.”
