SECOND AMENDMENT TO EMPLOYMENT AGREEMENT
SECOND AMENDMENT TO EMPLOYMENT AGREEMENT
Whereas, Amtech Systems, Inc. ("Company) and Xxxx X. Xxxxx ("Executive") entered into an Employment Agreement (the "Agreement") dated February 9, 2012; and
Whereas, the Company and Executive entered into an Amendment to Employment Agreement dated July 1, 2012; and
Whereas, Company and Executive now desire to further modify the Agreement pursuant to Paragraph 20 thereof, and to enter into this Second Amendment to Employment Agreement ("Second Amendment");
The parties hereto therefore agree to the following modification to the Agreement, to be effective as of the date set forth below; with all unmodified portions of the Agreement to remain in full force and effect as written:
1.Section 2 of the Agreement is hereby amended to reduce the annual base compensation from $320,000 per annum to $224,000
2.Section 18(a)(i) of the Agreement is hereby amended to add to the end of that subsection the following parenthetical clause: “(which for purposes of this Section 18(a)(i) only shall be not less than $400,000 per annum)”.
IN WITNESS WHEREOF, the parties hereto have executed this Second Amendment as of the 28th day of June, 2013.
AMTECH SYSTEMS, INC.
By: /s/ Xxxxxxx X. Xxxxxxxx
Xxxxxxx X. Xxxxxxxx,
Its: Executive Vice President and Chief Financial Officer
By: /s/ Xxxx X. Xxxxx
Xxxx X. Xxxxx, Executive
