AMENDMENT NO. 1 TO EMPLOYMENT AGREEMENT
Exhibit 10.14
AMENDMENT NO. 1 TO EMPLOYMENT AGREEMENT
Amendment dated as of May 17, 2010 (this “Amendment”) to the Employment Agreement dated March 1, 2010, by and between Arista Power, Inc. (the “Company”) and Xxxxx Xxxxxx (the “Executive”) (the “Agreement”).
Section 1. Section 3(a) of the Agreement is replaced in its entirety, with the following:
“(a) Annual Salary. In consideration for the services rendered by Xx. Xxxxxx on behalf of the Company during the Term, the Company shall pay Xx. Xxxxxx, commencing on the Start Date, an annual salary of $152,000 (the “Base Salary”), payable in accordance with the Company’s regular payroll practices. All forms of compensation referred to in this Agreement are subject to withholding for applicable federal, state and local taxes.”
All of the other terms and conditions of the Agreement remain unchanged by this Amendment.
/s/ Xxxxx Xxxxxx | |
Xxxxx Xxxxxx
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