COMPANY LETTERHEAD]
EXHIBIT 10.M
[COMPANY LETTERHEAD]
October 24, 2019
HAND-DELIVERED
Xx. Xxxxxxx X. Xxxxxxxx
Senior Vice President of Engineering Development
NAPCO Security Technologies, Inc.
000 Xxxxxxx Xxxxxx
Amityville, New York 11701
Dear Xxxxxxx:
NAPCO is pleased to extend, and desires to formalize, a two-year Employment Agreement (from August 16, 2020 through August 15, 2022 at your annual salary of $333,798.89, but subject to discretionary salary increases during each of your annual performance evaluations.
All other terms and conditions of your employment will remain the same as set forth in your Employment Agreement dated October 11, 2002 (with the obvious exception that the monetary values set forth in Section III have been modified over the years). Please sign below to acknowledge your acceptance of your extended two-year Employment Agreement.
Kindest personal regards.
| Sincerely | |
| NAPCO SECURITY TECHNOLOGIES, INC. | |
| /s/XXXXXXX XXXXXXX | |
| Xxxxxxx X. Xxxxxxx | |
| Chairman of the Board |
| Accepted by: | /s/XXXXXXX XXXXXXXX | |
| Xxxxxxx X. Xxxxxxxx |
Dated: December 26, 2019
E-24
