EXHIBIT 10(iii)
LETTER AGREEMENT
The following clause will replace the existing clause 3(b) in the Employment
Agreement between Xxxxx Xxxxxx and Techdyne, Inc. dated 27th September 2000:
(b) In addition to the base salary as provided in paragraph 3(a), the Company
may pay the Executive an annual bonus. The amount of such annual bonus will be
determined entirely at the discretion of the Chairman and Chief Executive
Officer of the Company and will take account of the financial performance of the
Company in its most recent financial year and the performance of the Executive
in his role as President of the Company in the same period. Such bonus, if any,
shall be paid no later than 31st March of each year and will be in the form of
either cash or shares of Common Stock in the Company.
5 April 2002
TECHDYNE, INC.
By /s/ Xxxxxx X. Xxxxxxx
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XXXXXX X. XXXXXXX,
Chairman of the Board and Chief
Executive Officer
EXECUTIVE
/s/Xxxxx Xxxxxx
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XXXXX XXXXXX
