EMPLOYMENT AGREEMENT AMENDMENT
EXHIBIT 10.2
EMPLOYMENT AGREEMENT
AMENDMENT
EMPLOYMENT AGREEMENT AMENDMENT effective as of
January 1, 2010 by and among Pharma-Bio Serv, Inc.(PBSV) with its principal
office at 0 Xxxx 000, Xxxxxx, Xxxxxx Xxxx 00000 (the “Company”), and Xxxxx
X. Xxxxxxx, residing at Xxx Xxxx, Xxxxxx Xxxx 00000 (“Executive”)
(both hereinafter “the Parties”).
W I T N E
S S E T H:
WHEREAS, the Company has
engaged Executive as its Vice President-Finance & Administration and Chief
Financial Officer and desires to continue to obtain the benefits of Executive’s
knowledge, skill and ability in connection with managing the operation of the
Company and to continue to employ Executive on the terms and conditions agreed
upon in Employment Agreement dated November 5, 2007 and subsequent
amendments.
WHEREAS, PBSV desires to
extend Executive to serve as its Vice President-Finance & Administration and
Chief Financial Officer for an undetermined amount of time.
NOW THEREFORE in exchange for
the mutual promises and undertakings herein, the Parties agree as
follows:
|
1.
|
The
Agreement dated November 5, 2007 and subsequent amendments are hereby
modified to adjust base salary to $110,000 per
year.
|
|
2.
|
In
all other respects the Employment Agreement dated November 5, 2007 and
subsequent amendments shall remain in full force and effect and
unaltered.
|
IN WITNESS WHEREOF, the
parties have executed this Agreement in Dorado, Puerto Rico, this 1st day
of January, 2010.
| PHARMA-BIO SERV, INC. | EXECUTIVE: | |||
|
/s/
Xxxxxxxxx
Plaza
|
/s/
Xxxxx Xxxxxxx
|
|||
|
Xxxxxxxxx
Plaza
|
Xxxxx
Xxxxxxx
|
|||
|
President,
CEO and Chairwoman
|
Vice
President-Finance & Administrationand Chief Financial
Officer
|
