Exhibit 10.17(a)
OPHTHALMIC IMAGING SYSTEMS
EMPLOYMENT AGREEMENT
AMENDMENT NUMBER 1
JULY 14, 1997
THIS EMPLOYMENT AGREEMENT AMENDMENT NUMBER 1 IS MADE PURSUANT TO ACTION BY THE
BOARD OF DIRECTORS OF OPHTHALMIC IMAGING SYSTEMS, OR AN APPROPRIATE COMMITTEE
THEREOF, DURING A MEETING CONVENED ON THE 13TH DAY OF SEPTEMBER 1997.
THIS EMPLOYMENT AGREEMENT AMENDMENT NUMBER 1 is made effective the 14th day
of July 1997 and hereby amends the Employment Agreement made and entered into as
of the 20th day of November 1995, by and between OPHTHALMIC IMAGING SYSTEMS, a
California corporation ("Employer") and XXXXX XXXXXXXXX ("Employee") as follows:
Paragraph 1. is eliminated in its entirety and replaced with the following:
o Employee's Duties and Authority. Employer hereby employs Employee, and
Employee hereby accepts employment with Employer, as Chief Executive Officer of
the Employer. Employee's duties shall be as provided in Employer's bylaws and as
specified by Employer's board of directors from time to time.
Paragraph 4. is eliminated in its entirety and replaced with the following:
o Term of Agreement. Subject to earlier termination as provided in this
Agreement, the term of this Agreement shall be two (2) years from the date of
Amendment Number 1 to this Agreement.
Paragraph 5.A. is eliminated in its entirety and replaced with the following:
o In consideration for the services to be rendered by Employee under this
Agreement, the Employer agrees to pay, and Employee agrees to accept as
compensation, an annual salary of ONE HUNDRED FIFTY THOUSAND DOLLARS ($150,000)
per year, payable in accordance with the Company's standard payroll policies.
Paragraph 5.F. is added as follows:
o Employee shall be eligible for an annual bonus. The criteria and/or formulae
by which the actual bonus amount, if any, is calculated will be determined
pursuant to a separate agreement.
Except as noted above, the Employment Agreement made and entered into as of
the 20th day of November 1995, by and between Employer and Employee, remains in
full force and effect.
IN WITNESS WHEREOF, the parties have executed this Agreement on the date
first written above.
EMPLOYER:
OPHTHALMIC IMAGING SYSTEMS,
a California corporation
By: /s/XXXXXX X. XXXXXXX
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Xxxxxx X. Xxxxxxx
Its: Compensation Committee Chairman
EMPLOYEE:
/s/ XXXXXX X. XXXXXXXXX
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Xxxxxx X. Xxxxxxxxx
