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EXHIBIT 10.11
AMENDMENT NUMBER TWO
TO EMPLOYMENT AGREEMENT
This Amendment to the Employment Agreement dated as of January 4, 1994,
between Plantronics, Inc., a Delaware corporation (the "Company") and Xxxxxx X.
Xxxxx (the "Executive") is entered into as of January 1, 1998.
RECITALS
A. The Company and the Executive are parties to an Employment Agreement
entered into as of January 4, 1994, as amended pursuant to Amendment Number One
entered into as of January 4, 1995 (the "Employment Agreement").
B. The Company and the Executive desire to clarify and amend the
Employment Agreement effective January 1, 1998.
In consideration of the foregoing and the respective covenants and
agreements of the parties contained herein, the Company and the Executive agree
as follows:
1. Paragraph 4 - Base Salary: Shall be amended to provide as follows:
"For all services to be rendered by the Executive pursuant to this
Agreement, the Company agrees to pay the Executive during the Employment
Period a base salary (the "Base Salary") at an annual rate of not less than
$526,350, effective January 1, 1998. The Base Salary shall be paid in
periodic installments in accordance with the Company's regular payroll
practices. The Company agrees to review the Base Salary at least annually
as of the payroll payment date nearest each anniversary of the Amended
Effective Date (beginning in 1998), and to make such increases therein as
the Board of Directors may approve."
2. In all other respects, the Employment Agreement shall continue in
full force and effect without change.
3. This Amendment may be executed in one or more counterparts, each of
which shall be an original, but all of which together shall constitute one
instrument.
IN WITNESS WHEREOF, the undersigned representative of the Company, on
behalf of the Company and the Company's Board of Directors and Compensation
Committee, and the Executive have executed this Amendment as of the date set
forth above.
PLANTRONICS, INC. EXECUTIVE
By: /s/ J. XXXXXX XXXX By: /s/ XXXXXX X. XXXXX
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J. Xxxxxx Xxxx Xxxxxx X. Xxxxx