EIP MICROWAVE, INC. 1996 FORM 10-KSB
EXHIBIT 10(i)
AMENDMENT TO
EMPLOYMENT AGREEMENT
THIS AMENDMENT TO EMPLOYMENT AGREEMENT (the "AMENDMENT") is made as of
November 20, 1996 by and between EIP Microwave, Inc., a Delaware corporation
("COMPANY"), and Xxxx X. Xxxxxx ("EMPLOYEE").
WHEREAS, the Company and Employee are parties to an Employment Agreement
dated as of October 1, 1995 (the "EMPLOYMENT AGREEMENT"), and desire to amend
the Employment Agreement pursuant to the provisions of this Amendment.
NOW, THEREFORE, in consideration of the provisions hereinafter set forth,
the parties agree as follows:
1. Section 4(a) of the Employment Agreement is hereby amended in its
entirety to read as follows:
(a) SALARY. Company shall pay Employee a salary of Six Thousand Five
Hundred Dollars ($6,500) per month, which salary shall be payable in
advance on the first day of each calendar month during the Term, PROVIDED
that such salary shall be reduced to Three Thousand Two Hundred Fifty
Dollars ($3,250) per month during the period from January 1, 1997 until
the Transition Date.
2. Except as expressly amended pursuant to this Amendment, the terms of
the Employment Agreement remain unchanged and in full force and effect.
IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of
the date first written above.
COMPANY: EIP MICROWAVE, INC.,
a Delaware corporation
By: /s/ Xxxxxx X. Xxxxxxx
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Xxxxxx X. Xxxxxxx
Authorized Representative
EMPLOYEE: /s/ Xxxx X. Xxxxxx
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Xxxx X. Xxxxxx
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