AMENDMENT TO THE EMPLOYMENT AGREEMENT BETWEEN NATIONSHEALTH, INC. AND ROBERT E. TREMAIN
Exhibit 10.5
WHEREAS, NationsHealth, Inc., a Delaware corporation (the “Company”) entered into an agreement
with Xxxxxx X. Xxxxxxx (the “Executive”) as of February 3, 2006, as amended on March 8, 2006 and
June 14, 2006, to employ the Executive as Chief Operating Officer (the “Agreement”); and
WHEREAS, the Agreement provides that the Executive shall receive a temporary housing allowance
in connection with commencement of his employment with the Company; and
WHEREAS, the Company and the Executive wish to amend the terms of the Agreement with respect
to the temporary housing allowance as provided herein;
NOW, THEREFORE, the parties agree to amend Section 3(a)(ii) of the Agreement to provide in its
entirety as follows:
a temporary housing allowance of up to $7,000 per month for a
period of ten months following the Effective Date of this
Agreement or until such time as the Executive obtains permanent
housing, whichever is earlier;
IN WITNESS WHEREOF, the parties have duly executed this amendment as of October 5, 2006.
WITNESS: | NATIONSHEALTH INC. | |||||||
Xxxxxxx Xxxxxxxxx | By: | /s/ Xxxxx X. Xxxxxx | ||||||
Name: | Xxxxx X. Xxxxxx, M.D. | |||||||
Title: | Chief Executive Officer | |||||||
WITNESS: |
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Xxxxxxxx Xxxxxx | By: | /s/ Xxxxxx X. Xxxxxxx | ||||||
Name: | Xxxxxx X. Xxxxxxx |