Exhibit 10.22
EMPLOYMENT AGREEMENT
AMENDMENT 1
This will amend the EMPLOYMENT AGREEMENT dated the 17th day of October 2001, by
and between ION Networks, Inc., a Delaware corporation, with its principle place
of business at 0000 Xxxxx Xxxxxxxxxx Xxxxxx, Xxxxxxxxxx, Xxx Xxxxxx 00000, (the
"Company") and Xxxxxxx Xxxxx residing at 0000 Xxxx Xxxx, Xxxxxxxxxxxx, XX 00000
(the "Employee").
Effective the 30th day of September 2002, Section 7, paragraph (b) of the
Agreement shall be amended to read as follows:
(b) Employee's employment may be terminated at any time
immediately upon written notice by the Company, without
"Cause". If Employee is terminated by the Company without
"Cause," Employee shall be entitled to a severance payment
equal to (i) a payment of salary for the next twelve months as
if the Agreement had not been terminated. Employee and Company
agree that such severance payment shall also constitute
liquidated damages and is a reasonable approximation of
Employee's damages as a result of such termination.
IN WITNESS WHEREOF, the Company and the Employee have duly executed and
delivered this Agreement as of the day and year shown above.
ION NETWORKS, INC.
By: /s/ Xxxxxxx X. Xxxxxxx
-----------------------------------
Xxxxxxx X. Xxxxxxx
Chairman of the Board
/s/ Xxxxxxx Xxxxx
Xxxxxxx Xxxxx
