Exhibit 10.6
XxxxxXxx Technologies, Inc.
Addendum to Employment Agreement
WHEREAS, the Company and Xxxxxxx X. Xxxxx entered an Employment Agreement
effective June 1, 1999;
WHEREAS, the Company desires to make certain changes to the Employment
Agreement;
WHEREAS, Xxxxxxx X. Xxxxx will consider certain changes to the Employment
Agreement;
WHEREAS, Paragraph 11.2 of the Employment Agreement provides for amending said
Agreement if both parties concur and sign in writing;
NOWTHEREFORE, the following changes have been mutually agreed to:
1. Paragraph 5.1 Base Salary
The base salary is adjusted from one hundred fifty thousand dollars ($
150,000) to one hundred sixty one thousand five hundred dollars ($
161,500) effective January 1, 2008.
2. Paragraph 5.3 Incentive Compensation
a) The performance incentive compensation for Fiscal Year will be based
on mutually agreed upon performance measures as determined by the
Compensation Committee with a maximum potential incentive
compensation equal to 25% of base salary.
There being no other changes, the balance of the Revised Employment
Agreement remains unchanged.
BY SIGNATURE BELOW, the Parties hereby mutually agree to the amendment as
described herein,
Company Employee
/s/ Xxxx X. Xxxxxx /s/ Xxxxxxx X. Xxxxx
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Xxxx X. Xxxxxx Xxxxxxx X. Xxxxx
CEO
XxxxxXxx Technologies, Inc.
Date: January 30, 2008
