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EXHIBIT 10.18(b)
AMENDMENT
TO
AMENDED AND RESTATED EMPLOYMENT AGREEMENT
THIS AMENDMENT is made as of the 14th day of February, 2001, by and
between Xxxxx X. Xxxxxx ("Employee") and INNOTRAC CORPORATION, a Georgia
corporation ("Employer"):
WITNESSETH:
WHEREAS, the Employee and the Employer entered into an Amended and
Restated Employment Agreement ("Agreement"), dated August 21, 2000, relating to
Employee's employment with the Employer; and
WHEREAS, in accordance with Section 6.5 of the Agreement, the parties
desire to amend the Agreement;
NOW, THEREFORE, for and in consideration of the mutual agreements in
the Agreement and in this Amendment, and other good and valuable consideration,
the parties agree as follows:
1. Section 3.1(b) of the Agreement is hereby amended by deleting the first
sentence of the present section following the heading, "Bonus.", in its entirety
and substituting the following in lieu thereof:
"Employee will be entitled to participate in the Innotrac
Corporation Executive Incentive Compensation Plan with a
target annual bonus ("Bonus") of no less than 50% of Salary."
2. Except as hereby modified, the Agreement shall remain in full force and
effect.
IN WITNESS WHEREOF, the Employer, by and through its duly authorized
officers, and the Employee have executed this Amendment as of the date first
written above.
EMPLOYEE:
/s/ Xxxxx X. Xxxxxx
EMPLOYER:
INNOTRAC CORPORATION
By: /s/ Xxxxx X. Xxxxxxx
Chairman, President, and
Chief Executive Officer