AGREEMENT AMENDMENT
Exhibit 10.2
THIS AGREEMENT AMENDMENT (“AMENDMENT”), is made and entered into by and between Sharps Compliance Corp., having its principal office at 0000 Xxxxx Xxxxx, Xxxxx 000, Xxxxxxx, XX 00000 (hereinafter referred to as the “Company”), and Xxxxx X. Xxxx the Company’s Vice President and Chief Financial Officer since June 9, 2010 (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 executed employment agreement, between the Company and the Executive dated June 9, 2010 and amended on, (i) December 2, 2011 (effective November 17, 2011), (ii) March 6, 2012 (effective March 1, 2012) and (iii) September 10, 2015 and as revised by the Company’s Compensation Committee on February 7, 2020 (effective February 14, 2020), herein defined as the “Agreement”, as follows:
The Base Salary referred to in the Agreement (as amended) of $9,615.38 per pay period (twenty-six pay periods per year) is hereby changed to $10,576.92.
The Executive’s title referred to in the Agreement (as amended) is hereby changed to Executive Vice President and Chief Financial Officer (from Vice President and Chief Financial Officer).
IN WITNESSETH WHEREOF, the parties have executed this Agreement the day and year first written below with the amended provisions noted above being effective April 8, 2021.
| EXECUTIVE: | ||
By: /s/ Xxxxx X. Xxxx | ||
| Xxxxx Xxxx | ||
| Date: April 8, 2021 | ||
| COMPANY: | ||
By: /s/ Xxxxx X. Xxxx | ||
| Xxxxx X. Xxxx | ||
| Title: Chief Executive Officer and President | ||
| Date: April 8, 2021 | ||
