EXHIBIT 10.72
AMENDMENT TO EMPLOYMENT AGREEMENT
THIS AMENDMENT TO EMPLOYMENT AGREEMENT (the "Amendment") is made by and between
Proxim Corporation, a Delaware corporation (the "Company") and Xxxxx X. Xxxxx
("Executive"). The Company and Executive are parties to an Employment Agreement
of December 5, 2002 (the "Agreement"), and they now wish to amend the Agreement
in certain respects. Accordingly, the Company and Executive now agree as set
forth below.
1. The first sentence of Section 2a of the Agreement is deleted in its
entirety and replaced with the following: "While employed hereunder, Executive
shall serve as the Company's Senior Vice President and Chief Operating Officer."
2. Executive's "Base Salary", as set forth in Section 3 of the Agreement,
shall be increased to $300,000 per annum.
3. Executive's "Target Bonus", as set forth in Section 4 of the Agreement,
shall not be less than 75% of his Base Salary.
Except as modified by this Amendment, the Agreement shall remain in full force
and effect.
IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement as of
the date(s) set forth below.
Dated: May 25, 2004 /s/ Xxxxx X. Xxxxx
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XXXXX X. XXXXX
Dated: May 25, 2004 PROXIM CORPORATION
By:/s/ Xxxxxx Xxxxxxxx
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Its:_______________________________
