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EXHIBIT 10.14
AMENDMENT
TO EMPLOYMENT AGREEMENT
AGREEMENT dated as of May 15, 2000 between
__________________("Employee") and Chemed Corporation (the "Company").
WHEREAS, Employee and the Company have entered into an
Employment Agreement dated as of May 2, 1988 and amended May 15, 1989, May 21,
1990, May 20, 1991, May 18, 1992, May 17, 1993, May 16, 1994, May 15, 1995, May
20, 1996, May 19, 1997, May 18, 1998, and May 17, 1999 ("Employment Agreement");
and
WHEREAS, Employee and the Company desire to further amend the
Employment Agreement in certain respects.
NOW, THEREFORE, Employee and the Company mutually agree that
the Employment Agreement shall be amended, effective as of May 15, 2000, as
follows:
A. The date, amended as of May 17, 1999, set
forth in section 1.2 of the Employment
Agreement, is hereby deleted and the date of
___________ is hereby substituted therefor.
B. The base salary amount set forth in the
first sentence of Section 2.1 of the
Employment
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Agreement is hereby deleted and the base
salary amount of $_______ per annum is
hereby substituted.
C. The amount of unrestricted stock award
recognized in lieu of incentive compensation
in 1999 is $______.
Except as specifically amended in this Amendment to Employment
Agreement, the Employment Agreement, as amended, shall continue in full force
and effect in accordance with its terms, conditions and provisions.
IN WITNESS WHEREOF, the parties have duly executed this
amendatory agreement as of the date first above written.
EMPLOYEE
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CHEMED CORPORATION
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ATTEST
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SCHEDULE TO EXHIBIT 10.14
Minimum Current
Annual Current(a) Expiration
Base Salary Stock Award Date of
Name and Position and Bonus Compensation Agreement
----------------- --------- ------------ ---------
Xxxxxx X. Xxxxxx $629,820 $252,128 5/3/2002
Chairman and 582,165
Chief Executive Officer
Xxxxx X. XxXxxxxx 347,145 77,341 5/3/2005
President 204,439
Xxxxxxx X. X'Xxxxx 216,165 56,581 5/3/2005
Executive Vice President 78,797
and Treasurer
Xxxxxxx X. Xxx 223,040 37,827 5/19/2003
Executive Vice President 117,000
Xxxx X. Mount 250,260 27,127 5/3/2003
Vice President 72,000
Xxxxxx X. Xxxxx 213,495 55,771 5/3/2005
Senior Vice President and 196,223
Chief Administrative Officer
Xxxxxx X. Xxxxxx 198,175 26,760 5/3/2005
Vice President 46,669
Xxxxxx X. Xxxxxx 129,270 23,810 5/3/2005
Vice President and Controller 56,349
Xxxx X. Xxxxxxxx 203,600 36,270 5/19/2003
President & COO of Roto-Rooter 97,000
Services Company/Director
----------------------------
(A) Amount of unrestricted stock award recognized in lieu of incentive
compensation in 1999.