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EXHIBIT 10.2
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AMENDMENT #1 TO
EMPLOYMENT AGREEMENT
Pursuant to a Resolution of the Board of Directors of Voice Control
Systems, Inc., a Delaware corporation ("Company"), the Employment Agreement
dated June 18, 1993 between Xx. Xxxxxx X. Xxxxxx ("Employee") and the Company
(the "Agreement") is hereby amended effective the 20th day of July, 1995 as
follows.
ARTICLE I of the Agreement shall be replaced in its entirety with the
following:
ARTICLE I
Term of Employment
Subject to the provisions hereof, the term of Employee's employment by
Company under this Agreement shall extend through June 18, 1997; provided,
however, that the term of employment shall be extended for an additional one-
year period unless, on or prior to the date thirty calendar days prior to the
end of such period either Company or Employee shall give notice to the other of
an intention to terminate this Agreement, in which case the term of employment
shall comprise only the original period.
ARTICLE III of the Agreement shall be amended by adding the following
sections:
ARTICLE III
Compensation
3.01.A In lieu of the provisions of 3.0.1, from and after August 1,
1995, as compensation for services rendered under the Agreement, Company shall
pay Employee a salary of one hundred forty-five thousand dollars ($145,000) per
year, payable, less applicable FICA and withholding taxes, in semi-monthly
installments. After June 18, 1997, such salary shall be reviewed annually by
the Board of Directors, after which review the salary may be raised but not
lowered.
3.02.A In lieu of the provisions of 3.0.2, from and after August 1,
1995, Employee shall be eligible to receive a bonus of up to five thousand
dollars ($5,000) per calendar quarter, less applicable FICA and withholding
taxes. The dollar amount of the bonus shall be determined at the sole
discretion of the Compensation Committee of the Board of Directors based upon
exceptional achievements during the quarter.
EMPLOYEE: COMPANY:
/s/ Xx. Xxxxxx X. Xxxxxx /s/ Xxxxx X. Xxxxxx
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By Its President/CEO, Pursuant to a
Resolution of the Board of Directors
XX. XXXXXX X. XXXXXX AMENDMENT #1 TO
EMPLOYMENT AGREEMENT 16
