EXHIBIT 10.36
AMENDMENT NUMBER 1 TO
EMPLOYMENT AGREEMENT
This Amendment Number 1 (the "Amendment") is effective as of July 12, 2004
by and between PATRIOT SCIENTIFIC CORPORATION, a Delaware Corporation (the
"Company") and XXXXXXX XXXXXXX (the "Employee").
WITNESSETH:
WHEREAS, the Company and the Employee entered into an Employment Agreement
dated June 1, 2004 (the "Employment Agreement").
NOW, THEREFORE, in consideration of the covenants and mutual agreements
set forth herein and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties do hereby agree as
follows:
1. TERM OF EMPLOYMENT. Section 1of the Employment Agreement is hereby amended by
adding said section as paragraph 3:
The Employee is classified as a Full -time employee as outlined in the
Company Employee Handbook, working a minimum of thirty-five (35) hours per week.
The Employee will work a minimum of four (4) hours per day at the Company office
between the hours of 8:00 a.m. to 12:00 p.m. These hours will be flexible with a
twenty four (24) hour notice provided by employee to the CEO.
2. COMPENSATION AND BENEFIT PLANS. Section 2(a) of the Employment Agreement is
hereby amended by deleting the first sentence in its entirety and inserting the
following in lieu there of:
The Employee shall receive a base salary during the Employment Period
which shall be payable in installments at such times as other employees are paid
but in any case at least monthly as follows: The Employee shall receive a gross
base salary of not less than ten thousand dollars ($10,000.00) per month for his
services as CTO.
IN WITNESS WHEREOF, the parties have executed the Amendment Number 1 as of
the date first above written. COMPANY:
PATRIOT SCIENTIFIC CORPORATION
By:
/s/ X.X. XXXXXX
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X.X. XXXXXX, President and Chief
Executive Officer
EMPLOYEE:
/S/ XXXXXXX XXXXXXX
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XXXXXXX XXXXXXX
EX-7
