AMENDED EMPLOYMENT AGREEMENT
Exhibit 10.24
AMENDED EMPLOYMENT
AGREEMENT
Agreement
entered into as of this 26th day of October 2009, between Xxxxxx Xxxxxxxx
(“Employee”) and Bovie Medical Corporation, (“Employer”)
WHEREAS, the parties have
heretofore entered into an Employment Agreement (the “Agreement”) dated February
1, 2000, as the same has been amended pursuant to the Board Resolutions dated
January 23, 2002, January 6, 2004, November 15, 2006, and October 26, 2009;
and
WHEREAS, the parties are
desirous of memorializing the effect of the aforementioned resolutions and
further amending said Agreement on the terms hereinafter set forth.
NOW THEREFORE, in
consideration of the premises and covenants herein contained,
IT
IS HEREBY AGREED:
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1.
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Paragraph
3 of the Agreement is hereby amended in its entirety to read as
follows:
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TERM:
The initial term of employment under this Agreement shall be effective as of the
1st day
of February, 2000, and shall continue until January 31, 2014 or until terminated
as hereinafter provided. After January 31, 2014, the term of this Agreement
shall be automatically extended for continuous terms of one year each unless the
Employer provides the Employee with written notice of termination at least nine
months prior to the date the Employer plans to terminate.
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2.
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Except
as amended hereby, the Agreement is hereby ratified and
approved.
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IN WITNESS WHEREOF the parties
have set forth their signatures this 30th day of November, 2009.
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BOVIE
MEDICAL CORPORATION
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By:
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/s/
Xxxxx Citronowicz
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Xxxxx
Citronowicz
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Chief
Operating Officer
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/s/
Xxxxxx Xxxxxxxx
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Xxxxxx
Xxxxxxxx
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