AMENDMENT TO EMPLOYMENT AGREEMENT
EXHIBIT 10.26
AMENDMENT TO EMPLOYMENT AGREEMENT
RECITAL
INTERLEUKIN GENETICS, INC., employer, and XXXXXXX X. XXXXXXX, an employee, do mutually desire to amend an existing employment agreement dated December, 1999 and incorporated herein by reference as follows.
AMENDMENT TO THE EMPLOYMENT AGREEMENT
The employer and the employee agree that as of January 31, 2002, that Section 3 of the December 1999 employment agreement is amended by DELETING the words:
“In addition, at such time as a new President or Chief Executive Officer is recruited and hired by the Employer, Employee’s salary shall automatically be adjusted to equal on a per month basis, at least eighty-five percent (85%) of the guaranteed, non-discretionary compensation being paid such new President or Chief Executive Officer.”
Said amendment shall not change employee’s current compensation.
In witness whereof, the parties have executed this amendment as of December 21, 2001.
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EMPLOYER |
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EMPLOYEE |
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Interleukin Genetics, Inc. |
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By |
/s/ Xxxxxx X. Xxxxxx |
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By |
/s/ Xxxxxxx X. Xxxxxxx |
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Xxxxxx X. Xxxxxx, CEO |
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Xxxxxxx X. Xxxxxxx |
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000 Xxxxxx Xxxxxx |
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000 Xxxxxx Xxxxxx |
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Xxxxxxx, XX |
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Xxxxxxx, XX |
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