Exhibit 10.2 (a)
AMENDMENT TO EXECUTIVE EMPLOYMENT AGREEMENT
XXXX XXXXXX
EFFECTIVE JANUARY 1, 2000
3. Compensation.
Base salary is increased to $160,000 per year. The effective date of
this increase is January 1, 2000.
Further, until the earlier of the Company raising $2 million or March
17, 2000, Executive will continue to receive the current salary with
the difference accrued to be paid at the earlier of the two events
described above.
Further increases will be at the discretion of the board of directors
4. Benefits.
Executive will be entitled to all benefits according to the regular
policies of the Company except as follows:
A. Vacation. Executive will be entitled to at least 4 weeks vacation
each year.
B. Medical, dental, disability and other group insurance provided by
the Company to any other employee(s), will be provided to Executive at
no cost. This includes any coverage of dependents.
5. Term and Termination.
The initial term is three years ending December 31, 2000. This Addendum
adds two years to this initial term which now ends December 31, 2002.
Nothing in this Addendum is to be interpreted as to reduce any benefit
due Executive under the original Agreement.
IN WITNESS WHEREOF, the parties have executed this Agreement as of January 1,
2000.
Intraco Systems, Inc.
By: /s/ XXXX XXXXXXXX
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Xxxx Xxxxxxxx, CEO
By: /s/ XXXX XXXXXX
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Xxxx Xxxxxx
