EXHIBIT 10.34
Amendment, dated January 3, 1997, to Employment Agreement between the Company
and Xxxx X. Xxxxxx.
Diagnostic Health Services, Inc.
0000 Xxxxxxxx Xxxxxxx, Xxxxx 0000
Xxxxxx, Xxxxx 00000
January 3, 1997
Xx. Xxxx X. Xxxxxx
0000 Xxxxxxx
Xxxxxx, XX 00000
Re: Seventh Amendment to Employment Agreement
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Dear Xxxx:
This will confirm that, on the date hereof, the Board of Directors of
Diagnostic Health Services, Inc. (the "Company") has authorized and approved
certain amendments to your outstanding employment agreement with the Company
dated November 1, 1991 (as amended to date, the "Employment Agreement").
The amendments that have been authorized and approved consist of the
following:
1. Paragraph 2 of the Employment Agreement is hereby amended so as
to provide for a new scheduled expiration date of December 31, 2001, subject to
year-to-year renewal thereafter in accordance with such paragraph 2.
2. Paragraph 3(a) of the Employment Agreement is hereby amended so
as to provide for a minimum annual base salary of $270,000 per annum, effective
retroactively to January 1, 1997.
Except as specifically set forth herein, all terms and conditions of
the Employment Agreement shall remain unmodified and in full force and effect.
If you are in agreement with the foregoing, kindly confirm same by
countersigning and returning to the Company a duplicate copy of this letter.
Very truly yours,
DIAGNOSTIC HEALTH SERVICES, INC.
By: /S/ XXX X. XXXXXX
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Xxx X. Xxxxxx, Chairman
Acknowledged, Confirmed and
Agreed To:
/S/ XXXX X. XXXXXX
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Xxxx X. Xxxxxx
