Exhibit 99.1
EXECUTIVE EMPLOYMENT AGREEMENT AMENDMENT
THIS EMPLOYMENT AGREEMENT AMENDMENT ("AGREEMENT"), is made and entered into
by and between Sharps Compliance Corp., having its principle office at 0000
Xxxxx Xxxxx, Xxxxx 000, Xxxxxxx, XX 00000 (hereinafter referred to as the
"Company"), and Xxxxx X. Xxxx (hereinafter referred to as the "Executive").
WITNESSETH
For and in consideration of the mutual promises and covenants herein
contained, and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the Company and Executive agree to
amend the Executive's original executive employment agreement, dated July 14,
2003, as follows:
The Base Salary referred to in Article 1.3.1 of $5,769.23 per pay period is
hereby changed to $8,653.85.
The Severance Period referred in Articles 1 and 2 of nine (9) months is
hereby changed to twelve (12) months.
IN WITNESS WHEREOF, the parties have executed this Agreement the day and
year first written below with the amended provisions noted above being effective
June 21, 2004.
EXECUTIVE:
/s/ Xxxxx X. Xxxx
-----------------
Executive
Date: October 1, 2004
COMPANY:
By:/s/ Xxxxxx X. Xxxxx
-------------------
Name: Xxxxxx X. Xxxxx
Title: Chairman & Chief
Executive Officer
Date: October 1, 2004
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