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Exhibit 10.11
AMENDMENT TO EMPLOYMENT AGREEMENT
This Amendment to Employment Agreement is made this __ day of November,
1995, between Voice Control Systems, Inc., successor by merger to VCS
Industries, Inc., having its principal place of business at 00000 Xxxxxx Xxxx,
Xxxxx 000, Xxxxxx, Xxxxx 00000 (the "Company"), and Xxxxx X. Xxxxxx, whose
residence is located at 0000 Xxxx Xxxx, Xxxxxx, Xxxxx 00000 ("Employee").
BACKGROUND INFORMATION
The Company and Employee entered into an Employment Agreement dated
June 18, 1993, under which the Company employed Employee as its President and
Chief Executive Officer for a fixed term of two years, with an extension term
of one year which would take effect automatically unless either party
terminated the agreement with 30 days written notice prior to its term. The
parties wish to extend the fixed term to four years while maintaining the
automatic one-year extension. In addition, the parties wish to increase Xx.
Xxxxxx'x base salary from $150,000 to $175,500 per year.
Accordingly, in consideration of the premises and mutual agreements
set forth below, the Company and the Employee agree as follows:
SUBSTANTIVE PROVISIONS
1. Article 1 of the Employment Agreement is amended to read in
its entirety as follows:
"Subject to the provisions hereof, the term of Employee's
employment by the Company under this Agreement shall be a
period of four years beginning on the date hereof; provided,
however, that the term of employment shall be extended for an
additional one-year period, unless, on or prior to the date 30
calendar days prior to the end of such four-year period either
Company or Employee shall give notice to the other of an
intent to terminate this Agreement, in which case the term of
employment shall comprise only the original four-year period."
2. Section 3.01 of the Agreement is amended to add the following
sentence following the end of the first sentence and prior to the second
sentence:
". Such salary shall be increased to $175,500 per year as of
January 1, 1996."
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3. Except as amended hereby, the Agreement shall continue in full
force and effect.
VOICE CONTROL SYSTEMS, INC.
By:
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Its: XXXXX X. XXXXXX
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