EXHIBIT 10.4
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AMENDMENT NO. 3 TO
EMPLOYMENT AGREEMENT
This Amendment No. 3 (the "Amendment") to that certain Employment Agreement
(the "Agreement") between Notify Technology Corporation (the "Company") and Xxxx
XxXxxx (the "Employee") dated as of August 1, 1997 and as amended on February
23, 2000 and June 29, 2001 is made as of October 11, 2001.
In consideration of good and valuable consideration, the receipt of which
is hereby acknowledged, the Company and Employee agree as follows:
1. Section 3(a) of the Agreement shall be amended so that it reads in its
entirety as follows:
(a) Base Compensation. The Company shall pay the Employee as compensation
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for services a base salary at an annualized rate of $200,000. Such salary shall
be reviewed at least annually and shall be increased from time to time subject
to accomplishment of such performance and contribution goals and objectives as
may be established from time to time by the Board. Such salary shall be paid
periodically in accordance with normal Company payroll. The annual compensation
specified in this Section 3(a), together with any increases in such compensation
that the Board may grant from time to time, is referred to in this Agreement as
"Base Compensation".
This Amendment has been executed effective as of the first date set forth
above.
NOTIFY TECHNOLOGY CORPORATION EMPLOYEE
/s/ Xxxx XxXxxx /s/ Xxxx XxXxxx
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Xxxx XxXxxx, Chief Executive Officer Xxxx XxXxxx
