EXHIBIT 10.13
Amendment No. 1 to Employment Agreement
dated September 27, 2001
between CardioGenesis Corporation as Company and
Xxxxxxx X. Xxxxx as Executive
The terms and conditions of the Employment Agreement are hereby modified and
amended as follows. Unless specifically defined in this Amendment, capitalized
terms used herein shall have the meanings ascribed to them in the Employment
Agreement.
:
1. Section 3.1, line 2, after "Three Hundred Thirty Thousand Dollars
($330,000) per annum" insert "and effective January 1, 2002, such
salary shall be increased to an amount equal to Three Hundred Sixty
Nine Thousand Dollars Nine Hundred and Thirty Dollars ($369,930) per
annum".
2. Section 3.2, line 3, after "of the Annual Salary" insert "and
effective January 1, 2002, such Bonus shall be increased to 50% of
the Annual Salary".
All other terms and conditions of the Employment Agreement shall remain the
same.
IN WITNESS WHEREOF, the parties hereto have executed this Amendment of the
latest date set forth below.
COMPANY: EXECUTIVE:
CARDIOGENESIS CORPORATION XXXXXXX X. XXXXX
BY: /s/ Xxxxxxx Xxxxxxxx BY: /s/ Xxxxxxx X. Xxxxx
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NAME: Xxxxxxx Xxxxxxxx NAME: Xxxxxxx X. Xxxxx
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TITLE: President and C.O.O. TITLE: Chief Executive Officer
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DATE: July 3, 2002 DATE: July 3, 2002
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