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Exhibit 10.6
AMENDMENT TO EMPLOYMENT AGREEMENT
This Amendment, effective January 31, 1997, to the EMPLOYMENT AGREEMENT
("Agreement") dated November 15, 1994, by and between XXXXXX TECHNOLOGIES, INC.,
and XXXXXXX X. XXXXXX, changes the following sections:
(1) Section 2. TERM. In the second sentence, replace "may be extended" with
"shall be automatically extended".
(2) Section 3. SALARY AND BASE COMPENSATION. Replace the entire first sentence
with the following "Employee shall be entitled to receive salary during the
Employment Period at the rate of One Hundred and Fifty Thousands and 00/100
Dollars ($150,000.00), per annum, and as such may be increased pursuant to
Section 12 hereof (the "Base Salary")".
(3) Section 8. PROFITS BONUS. In section (a), change "net earnings" to "net
pre-tax earnings". In section (b), change "net earnings" to "net pre-tax
earnings" in the second sentence. Also in section (b), replace the entire
first sentence with the following "For purposes of this Agreement, "net
pre-tax earnings" as used herein shall be determined by the Company's
internal financial statements".
(4) Section 7. VACATION. Replace in its entirety with the following "Employee
shall be entitled to paid vacation in accordance with the vacation policy of
the Company in effect for senior executives from time to time, in no event
to be less than three (3) weeks per calendar year."
(5) Exhibit D, NON-SOLICITATION AND NON-COMPETE AGREEMENT. Section 4. SEVERANCE.
In the first sentence, change "six (6) months" to "one (1) year".
All other provisions and sections of the Agreement except for the above changes
will remain the same and unchanged.
Agreed to this as of the date above:
XXXXXX TECHNOLOGIES, INC.: EMPLOYEE:
/s/ Xxxxx X. Xxxxxx /s/ Xxxxxxx X. Xxxxxx
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Xxxxx X. Xxxxxx, President and CEO Xxxxxxx X. Xxxxxx, Vice President of
Finance and CFO
