Exhibit 10.5 to
Form 00-XXX
XXXXXXXXX MEDICAL TECHNOLOGIES INC.
00 Xxxxxxxxxxx Xxxxx, Xxxxx 0000
Xxx Xxxx, Xxx Xxxx 00000
LETTER AMENDMENT
June 6, 1996
To: Xxxxxxx Xxxxxx
0 Xxxxxxx Xxxxxx
Xxxxxxxxx, Xxxxxxxxxxxxx 00000
Dear Xxxxxxx:
Reference is made to the Employment Agreement dated as of March 28,
1996 (the "Agreement") by and between you and Sheffield Medical Technologies
Inc. (the "Company"). Unless otherwise referred herein, the terms defined in the
Agreement shall be used herein as therein defined.
It has been determine by you and the Company that it is in the best
interests of you and the Company that you assume the office of Chief Scientific
Officer of the Company in lieu of continuing to serve as Chief Operating Officer
and Executive Vice President - Corporate Development of the Company.
Therefore, it is hereby agreed between you and the Company that,
effective as of the date first above written, the Agreement is hereby amended as
follows:
(a) All references in the Agreement to "Chief Operating
Officer and Executive Vice President - Corporate Development" are
hereby replaced with references to "Chief
Scientific Officer."
You hereby aknowledge that you have resigned as Chief Operating Officer
and Executive Vice President - Corporate Development of the Company effective as
of the date of this Letter Amendment.
On and after the effective date of this Letter Amendment, each
reference in the Agreement to "this Agreement", "hereunder", "hereof" or words
of like import referring to the Agreement shall mean and be a reference to the
Agreement as amended by this Letter Amendment. The Agreement, as amended by
this Letter Amendment, is and shall continue to be in full force and effect and
is hereby in all respects ratified and confirmed.
If you agree to the terms and provisions hereof, please evidence your
agreement by executing at least two copies of this Letter Amendment. This Lease
Letter Amendment shall become effective as of the date first above written when
and if copies of this Lease Letter Agreement shall have been executed by Lessee
and each of you.
Very truly yours,
SHEFFIELD MEDICAL TECHNOLOGIES INC.
By: /S/ Xxxxxxx X. Xxxx
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Xxxxxxx X. Xxxx
Chairman & CEO
Agreed as of the date
first above written:
/s/ Xxxxxxx Xxxxxx
------------------
Xxxxxxx Xxxxxx
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