FIRST AMENDMENT TO EMPLOYMENT AGREEMENT
Exhibit 10.10
FIRST AMENDMENT TO EMPLOYMENT AGREEMENT
THIS FIRST AMENDMENT TO EMPLOYMENT AGREEMENT (this “Amendment”) is entered into
effective as of February 27, 2006, by and between BioMed Realty Trust, Inc., a Maryland corporation
(the “REIT”), BioMed Realty, L.P., a Maryland limited partnership (the “Operating
Partnership” and, together with the REIT, the “Company”), and Xxxxxxx X. XxXxxxxx (the
“Executive”).
WHEREAS, the Company and the Executive desire to amend that certain Employment Agreement dated
as of August 6, 2004, between the Company and Executive (the “Original Agreement”), to
change Executive’s position with the Company.
NOW, THEREFORE, in consideration of the various covenants and agreements hereinafter set
forth, the parties hereto agree as follows:
1. Amendment to Section 2. Section 2(a)(i) of the Original Agreement is hereby
restated in its entirety to read as follows:
“(i) During the Employment Period, the Executive shall serve as Regional Executive Vice
President of the REIT and the Operating Partnership and shall perform such employment duties as are
assigned by the REIT’s Chief Executive Officer and usual and customary for such positions. In such
position, the Executive shall report to the REIT’s Board of Directors or, if the Board of Directors
delegates such authority, to the REIT’s Chief Executive Officer. At the Company’s request, the
Executive shall serve the Company and/or its subsidiaries and affiliates in other offices and
capacities in addition to the foregoing. In the event that the Executive, during the Employment
Period, serves in any one or more of such additional capacities, the Executive’s compensation shall
not be increased beyond that specified in Section 2(b) of this Agreement. In addition, in the
event the Executive’s service in one or more of such additional capacities is terminated, the
Executive’s compensation, as specified in Section 2(b) of this Agreement, shall not be diminished
or reduced in any manner as a result of such termination for so long as the Executive otherwise
remains employed under the terms of this Agreement.”
2. No Other Amendments. Except as expressly provided for in this Amendment, no other
term or provision of the Original Agreement is amended or modified in any respect.
(Signature Page Follows)
IN WITNESS WHEREOF, the parties have executed this Amendment as of the date first set forth
above.
BIOMED REALTY TRUST, INC. |
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By: | /s/ XXXX X. GOLD | |||
Name: | Xxxx X. Gold | |||
Title: | Chief Executive Officer | |||
BIOMED REALTY, L.P. | ||||||
By: | BioMed Realty Trust, Inc., its general partner | |||||
By: | /s/ XXXX X. GOLD | |||||
Name: Xxxx X. Gold | ||||||
Title: Chief Executive Officer | ||||||
EXECUTIVE | ||||||
/s/ XXXXXXX X. XXXXXXXX | ||||||
Xxxxxxx X. XxXxxxxx |
[SIGNATURE PAGE TO FIRST AMENDMENT TO EMPLOYMENT AGREEMENT]