Second Amendment to EMPLOYMENT AGREEMENT
Exhibit 10.03
Second Amendment to
This Second Amendment (“Amendment”) to the Employment Agreement by and between Natural Alternatives International, Inc., a Delaware corporation (“Company”), and Xxxxxxx X. Xxxxxx (“Employee”), dated effective as of October 1, 2015, and previously amended effective September 1, 2016 (“Agreement”), is made and entered into effective as of July 1, 2018. Unless otherwise defined herein, capitalized terms shall have the meanings given them in the Agreement.
1. Pursuant to Section 4(a) of the Agreement, Employee’s base salary is hereby increased to Two Hundred Twenty-Five Thousand dollars ($225,000) per year.
2. Except as set forth herein, all other terms and conditions of the Agreement shall remain in full force and effect.
IN WITNESS WHEREOF, the undersigned have executed this Amendment as of September 20, 2018.
EMPLOYEE
/s/ Xxxxxxx X. Xxxxxx
Xxxxxxx X. Xxxxxx
COMPANY
Natural Alternatives International, Inc.,
a Delaware corporation
/s/ Xxxxxxx X. Xxxx
Xxxxxxx X. Xxxx, President
