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EXHIBIT 10.14
AMENDMENT
TO EMPLOYMENT AGREEMENT
AGREEMENT dated as of May 17, 1999 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 and May 18, 1998 ("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 17, 1999, as follows:
A. The date, amended as of May 18, 1998, 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 Agreement is hereby deleted and
the base salary amount of $_______ per annum is hereby
substituted.
C. The amount of unrestricted stock award
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recognized in lieu of incentive compensation in 1998 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 $590,000 $247,800 5/3/2001
Chairman and 274,165
Chief Executive Officer
Xxxxx X. XxXxxxxx 325,200 81,544 5/3/2004
President 47,112
Xxxxxxx X. X'Xxxxx 202,500 64,727 5/3/2004
Executive Vice President 28,373
and Treasurer
Xxxx X. Mount 238,500 8,942 11/5/2001
Vice President 60,000
Xxxxxx X. Xxxxx 200,000 62,217 5/3/2004
Senior Vice President and 44,999
Chief Administrative Officer
Xxxxxx X. Xxxxxx 190,500 26,888 5/3/2004
Vice President 19,210
Xxxxxx X. Xxxxxx 121,100 26,888 5/3/2004
Vice President and Controller 20,342
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(a) Amount of unrestricted stock award recognized in lieu of incentive
compensation in 1998.