Exhibit 10.1
LIFECORE BIOMEDICAL, INC.
0000 Xxxxx Xxxxxxxxx
Xxxxxx, XX 00000
November 14, 0000
Xxxxx X. Xxxxxx, Ph.D.
0000 Xxxxxxxxxx Xxxxx
Xxxxxxxxxx, XX 00000
Dear Xxx:
Reference is made to the Employment Agreement as of June 1, 1991, between
Lifecore Biomedical, Inc. (the "Company"), a Minnesota corporation, and Xxxxx
X. Xxxxxx ("Employee"). The Company and Employee hereby agree to amend the
Agreement as follows:
A. Paragraph 3 of the Agreement is hereby amended and restated as follows:
3. Term. The term of this agreement shall extend through November 14,
2000, subject to the provisions of Section 5 and Section 16 hereof.
B. Paragraph 5 of the Agreement is hereby amended and restated as follows:
5. Renewal. If Employee remains in the employment of Company after the
expiration of the term of this Agreement specified in Section 3, the
term of this Agreement shall automatically be extended for successive
one-year terms, unless either party to this Agreement gives written
notice to the other party at least 30 days prior to the end of such
term of such party's intention not to renew the term of this
Agreement.
If these terms are acceptable to you, please indicate by signing this letter
in the space indicated below.
Very truly yours,
LIFECORE BIOMEDICAL, INC.
By /s/ Xxxxxxx X. Xxxxxxx
--------------------------------
Xxxxxxx X. Xxxxxxx
Chairman, Compensation Committee
Agreed and accepted this
14th day of November, 1996
/s/ Xxxxx X. Xxxxxx
----------------------------
Xxxxx X. Xxxxxx, Ph.D.
