AMENDMENT NO. 1
TO
EMPLOYMENT AGREEMENT
BETWEEN
AMERICAN TECHNICAL CERAMICS CORP.
AND
XXXXX XXX
The Employment Agreement, dated as of January 1, 2001 (the "Agreement"),
between American Technical Ceramics Corp., a Delaware corporation (the
"Company"), and Xxxxx Xxx is hereby amended as follows:
1. The first sentence of Paragraph 4(b) of the Agreement is hereby
amended in its entirety to read as follows:
"During the Employment Period, Employee shall also be
entitled to participate in the Company's Officers' Profit
Bonus Plan (the "Plan")."
2. Paragraph 6(c) of the Agreement is hereby amended in its entirety to
read as follows:
"If Employee's employment by the Company pursuant to this
Agreement is terminated prior to the expiration of the
Employment Period for any reason other than any of the
reasons set forth in Paragraph 6(a), or for no reason, then,
provided Employee continues to abide by the provisions of
Section 7, 8 and 9 of this Agreement, the Company shall
continue to pay to Employee his base salary at the rate and
at the times provided in Section 4(a) hereof for a period of
one year from the date upon which such termination shall
take effect."
3. As amended hereby, the Amendment remains in full force and effect.
IN WITNESS WHEREOF, the parties have executed this Agreement effective as
of January 1, 2001.
AMERICAN TECHNICAL CERAMICS CORP.
By:
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Xxxxxxxx X. Xxxxx
Vice President, Administration
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Xxxxx Xxx
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