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EXHIBIT 10.13
AMENDMENT
TO EMPLOYMENT AGREEMENT
AGREEMENT dated as of May 18, 1998 between ________________
("Employee") and Chemed Corporation (the "Company").
WHEREAS, Employee and the Company have entered into an
Employment Agreement dated as of May 2, 1988 and amended May 15, 1989, May 21,
1990, May 20, 1991, May 18, 1992, May 17, 1993, May 16, 1994, May 15, 1995, May
20, 1996 and May 19, 1997 ("Employment Agreement"); and
WHEREAS, Employee and the Company desire to further amend the
Employment Agreement in certain respects.
NOW, THEREFORE, Employee and the Company mutually agree that
the Employment Agreement shall be amended, effective as of May 18, 1998, as
follows:
A. The date, amended as of May 19, 1997, set forth in
Section 1.2 of the Employment Agreement, is hereby
deleted and the date of May 3, 2003 is hereby
substituted therefor.
B. The base salary amount set forth in the first
sentence of Section 2.1 of the Employment Agreement
is hereby deleted and the base salary amount of
$_______ per annum is hereby substituted.
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C. The amount of unrestricted stock award recognized in
lieu of incentive compensation in 1997 is $_______.
Except as specifically amended in this Amendment No. 10 to
Employment Agreement, the Employment Agreement, as amended, shall continue in
full force and effect in accordance with its terms, conditions and provisions.
IN WITNESS WHEREOF, the parties have duly executed this
amendatory agreement as of the date first above written.
EMPLOYEE
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CHEMED CORPORATION
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Xxxxxx X. Xxxxxx
Chairman
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SCHEDULE TO EXHIBIT 10.13
Minimum Current
Annual Current (a) Expiration
Base Salary Stock Award Date of
Name and Position and Bonus Compensation Agreement
----------------- --------- ------------ ---------
Xxxxxx X. Xxxxxx $ 590,016.00 $ 399,071.00 5/3/2000
Chairman and 218,165.00
Chief Executive Officer
Xxxxx X. XxXxxxxx 309,648,00 101,169.00 5/3/2003
President 36,600.00
Xxxxxxxx X. Xxxxxx 250,000.00 -0- 5/19/2001
Vice President 90,000.00
Xxxxxxx X. X'Xxxxx 192,780.00 77,767.00 5/3/2003
Executive Vice President 22,200.00
and Treasurer
Xxxxxx X. Xxxxx 190,418.00 74,476.00 5/3/2003
Senior Vice President and 29,211.00
Chief Administrative Officer
Xxxxxx X. Xxxxxx 181,400.00 31,570.00 5/3/2003
Vice President 13,000.00
Xxxxxx X. Xxxxxx 115,300.00 24,134.00 5/3/2003
Vice President and Controller 16,085.00
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(a) Amount of unrestricted stock award recognized in lieu of incentive
compensation in 1997.