Amendment to Section 8 of the Employment Agreement. Section 8 of the Employment Agreement is hereby amended in its entirety:
Amendment to Section 8 of the Employment Agreement. Section 8 of the Employment Agreement is deleted in its entirety and replaced by the following:
Amendment to Section 8 of the Employment Agreement. Section 8 of the Employment Agreement is hereby amended to add the following sentence as the last sentence thereof: "Notwithstanding the foregoing, during the period from January 10, 2007 through December 31, 2007, Executive shall not be entitled to receive, and agrees not to accept, any grant to Executive of any stock options, shares of restricted stock or other type of equity incentive awards, including any awards under the Corporation's stock incentive plan."
Amendment to Section 8 of the Employment Agreement. The Employment Agreement is amended by deleting the fourth full sentence of Section 8 in its entirety and by substituting in lieu thereof the following: "For purposes of obtaining the approval of the CEO, or his designee, with respect to certain investment activities as a venture capitalist or angel investor, as set forth above, permission will be deemed to be given by the CEO on the fifth day following written notice by Executive to the CEO, unless prior to such date the CEO provides written notice to the Executive of his disapproval."
Amendment to Section 8 of the Employment Agreement. Section 8 of the Employment Agreement is hereby amended to add, following the existing subsection (e), a new subsection (f) which reads in its entirety as follows:
