EXHIBIT 10.15
AMENDMENT TO
EMPLOYMENT AGREEMENT
AGREEMENT dated as of May 21, 2001 between _________________ ("Employee")
and Chemed Corporation (the "Company").
WHEREAS, Employee and the Company have entered into an Employment Agreement
dated as of May 19, 1997 and amended May 18, 1998, May 17, 1999 and May 15, 2000
("Employment Agreement"); and
WHEREAS, Employee and the Company desire to amend the Employment Agreement
in certain respects.
NOW, THEREFORE, Employee and the Company mutually agree that the Employment
Agreement shall be amended, effective as of May 21, 2001, as follows:
A. The date, amended as of May 21, 2000, set forth in Section 1.2 of the
Employment Agreement, is hereby deleted and the date of May 21, 2004
is hereby substituted therefor.
B. The base salary amount set forth in the first sentence of Section 2.1
of the Employment Agreement is hereby deleted and the base salary
amount of $_________ per annum is hereby substituted.
C. The amount of unrestricted stock award recognized in lieu of incentive
compensation in 2000 is $_________.
Except as specifically amended in this Amendment No. 4 to Employment
Agreement, the Employment Agreement, as amended, shall continue in full force
and effect in accordance with its terms, conditions and provisions.
IN WITNESS WHEREOF, the parties have duly executed this amendatory
agreement as of the date first above written.
EMPLOYEE
_________________________
CHEMED CORPORATION
_________________________
SCHEDULE TO EXHIBIT 10.15
Current Current(a) Expiration
Salary and Stock Award Date of Current
Name and Position Bonus Compensation Agreement
----------------- ---------- ------------ ---------------
Xxxxxxx X. Xxx $223,040 $59,976 5/19/2004
Chairman and Chief 149,000
Executive Officer of
Roto-Rooter, Inc.
Xxxx X. Xxxxxxxx 203,000 57,855 5/19/2004
Senior Vice President 120,000
Roto-Rooter Services
Company
(a) Amount of unrestricted Chemed stock awards recognized in lieu of incentive
compensation in 2000.
