EXHIBIT 10.10
AMENDMENT
THIS AMENDMENT ("Amendment") is entered into this September 7, 2001,
between JMAR Technologies, Inc. (the "Company") and Xx. Xxxx X. Xxxxxxxx
("Employee").
WITNESSETH
WHEREAS, the Company and Employee are parties to that certain Amended
and Restated Employment Agreement ("Agreement") dated May 1, 1996; and
WHEREAS, the Company believes it is in the Company's best interests to
modify certain terms of the Agreement to acknowledge events that have occurred
since its execution and to adjust certain termination provisions;
NOW, THEREFORE, the parties hereby agree as follows:
1. All references to "JMAR Industries, Inc." in the Agreement shall
mean "JMAR Technologies, Inc."
2. The last sentence of Section 1 is deleted in its entirety and the
following is substituted in place thereof:
"In the event that the Company delivers notice of its intention
not to so renew, the delivery of such notice shall result in the
conversion of Employee's status as provided in Section 5.5."
3. Section 5.5 of the Agreement is deleted in its entirety and the
following is substituted in place thereof:
"5.5 If the Company: 1) delivers notice of its intention not to
renew this Agreement pursuant to Section 1 hereof, or 2) discontinues
Employee's status as Chairman of the Board or Chief Executive
Officer, or both (other than pursuant to Section 5.2), then the
Employee shall continue as an employee of the Company for a term of
three years and shall receive compensation for such employment at the
highest total compensation rate (including bonuses and other
incentive payments, director fees and similar compensation) paid to
Employee during any prior
consecutive 12 month period of his employment at Company. The Company
shall also continue in force and maintain all insurance policies in
which Employee participates at the time of such termination for such
three year term."
4. All other provisions of the Agreement remain in full force and
effect.
IN WITNESS WHEREOF, the parties hereto have executed this Amendment as
of the date set forth above.
JMAR TECHNOLOGIES, INC.
By: /s/ XXXXXX X. XXXXXXXX
Xxxxxx X. Xxxxxxxx, Vice President &
General Counsel
"Company"
/s/ XXXX X. XXXXXXXX
Xxxx X. Xxxxxxxx, Ph.D.
"Employee"