Exhibit 10.33
AMENDMENT NO. 4 TO EMPLOYMENT AGREEMENT
This Amendment dated September 29, 2005 hereby amends the Employment
Agreement dated August 1, 2004 (the "Employment Agreement"), by and between
iVoice Technology, Inc., a New Jersey corporation (hereinafter referred to as
the "Company"), having an office at 000 Xxxxxxx 00, Xxxxxxx, Xxx Xxxxxx 00000
and Xxxxxx Xxxxxxx, having his office at 000 Xx. 00, Xxxxxxx, XX 00000
(hereinafter referred to as the "Executive").
W I T N E S S E T H :
WHEREAS, the Company and the Executive mutually desire to amend the
Employment Agreement; and
NOW, THEREFORE, in consideration of the premises, the parties agree as
follows:
1. Subparagraphs 5(a)(ii), 5(b)(i) and 5(d)(v) are hereby deleted in their
entirety.
2. The following language appearing as the second to last sentence of
Subparagraph 5(b)(iii) shall be deleted: "For those Options not surrendered and
canceled pursuant to this subparagraph, the Company shall guaranty the
Executive's loan for such amount as needed by the Executive to exercise those
outstanding Options that may be exercised as they become exercisable by the
Executive."
3. All references within the Employment Agreement to Subparagraph 5(b)(ii) shall
hereinafter refer to Subparagraph 5(b)(i). All references within the Employment
Agreement to Subparagraph 5(b)(iii) shall hereinafter refer to Subparagraph
5(b)(ii). All references within the Employment Agreement to Subparagraph
5(b)(iv) shall hereinafter refer to Subparagraph 5(b)(iii).
4. All other terms of the Employment Agreement shall remain in full force and
effect.
IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the
date written below.
iVoice Technology, Inc. Xxxxxx Xxxxxxx
By: /s/ Xxxx Xxxxxx By: /s/ Xxxxxx Xxxxxxx
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Title: President, Chief Executive Officer
and Chief Financial Officer
Date:__________________ Date:__________________
