AMENDED EMPLOYMENT AGREEMENT
EXHIBIT 10.20
AMENDED EMPLOYMENT
AGREEMENT
Agreement
entered into as of this 15 day of January 2006, between Xxxxx
Citronowicz (“Employee”) and Bovie Medical Corporation,
(“Employer”)
WHEREAS, the parties have
heretofore entered into an Employment Agreement (the “Agreement”) dated February
1, 2000, as the same has been amended pursuant to the Board Resolutions dated
January 23, 2002, January 6, 2004; and November 15, 2006; and
WHEREAS, the parties are
desirous of memorializing the effect of the aforementioned resolutions and
further amending said Agreement on the terms hereinafter set forth.
NOW THEREFORE, in
consideration of the premises and covenants herein contained,
IT
IS HEREBY AGREED:
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1.
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Paragraph
3 of the Agreement is hereby amended in its entirety to read as
follows:
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TERM:
The initial term of employment under this Agreement shall be effective as of the
1st
day of February, 2000, and shall continue until January 31, 2011 or until
terminated as hereinafter provided. After January 31, 2009, the term of this
Agreement shall be automatically extended for continuous terms of one year each
unless the Employer provides the Employee with written notice of termination at
least nine months prior to the date the Employer plans to
terminate.
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2.
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Except
as amended hereby, the Agreement is hereby ratified and
approved.
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IN WITNESS WHEREOF the parties
have set forth their signatures this ____ day of November, 2006.
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BOVIE
MEDICAL CORPORATION
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By:
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/S/ Xxxxxx Xxxxxxxx
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Xxxxxx
Xxxxxxxx, President
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/S/ Xxxxx Citronowicz
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Xxxxx
Citronowicz
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