EXHIBIT 10.50
June 12, 2006
Xx. Xxxxxxx X. Xxxxx
000 Xxxxxx Xxxx
Xxxxxx Xxxxxxx, XX 00000
Dear Xxxx:
This letter will confirm a change to the Management Employment Agreement
dated May 2, 2006 between you and the Company (the "Agreement"). Upon the
occurrence of any Trigger Event (as defined in the Agreement) before December
31, 2006, you will be entitled to receive, in a lump sum payment, your remaining
base salary through December 31, 2006 and your entire 2006 bonus opportunity, in
addition to the one-year severance and benefit extension and option vesting
acceleration set forth in the Agreement.
In all other respects, the Agreement shall remain in full force and effect.
If the foregoing accurately reflects our understanding, please so indicate by
signing where indicated below.
Sincerely,
eResearchTechnology, Inc.
By: ------------------------------
Xxxx Xxxxxxxxxx, M.D.,
Chairman
Accepted and agreed this ___ day of June, 2006:
-----------------------
Xxxxxxx X. Xxxxx
