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EXHIBIT 10.10
AMENDMENT TO EMPLOYMENT AGREEMENT (DATED 2/28/96)
EFFECTIVE SEPTEMBER 18, 1996
This shall serve as an Amendment to XXXXXX X. XXXXXXX'X Employment
Agreement dated February 28, 1996. This document is hereby amended to reflect
the following changes to sections 3 and 5 of the Agreement:
3. DUTIES
The Employee shall be Senior Vice President and Chief Technical Officer
with responsibility for the Company's Manufacturing Operations function, and
particular duties and power in such capacity as may be determined from time to
time by the President of Corporation, provided, however, such duties and powers
shall be consistent with the position of an executive employee of a Florida
business corporation. In the performance of his duties the Employer shall make
available to the Employee, offices, secretarial and other support as necessary,
facilities and amenities commensurate with his position and duties. Except
with the written consent of Employee, his principal office in performing his
duties hereunder shall be situated at Corporation's headquarters in St.
Petersburg, Florida.
5. COMPENSATION
5.1 a base annual salary, payable in weekly or bi-weekly installments, in
the amount of $125,000.
5.2 an annual bonus based on 2.5% of fiscal year net earnings not to
exceed $75,000, to be paid on a quarterly basis and reconciled at year end.
5.3 reimbursement for reasonable car-related expenses including fuel and
oil, but not maintenance or repair items.
IN WITNESS WHEREOF, the parties have executed this Agreement the day and
year first above written.
FOR PLASMA-THERM, INC.
/s/ Xxxxxx X. Xxxxxxxxx
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Xxxxxx X. Xxxxxxxxx,
President and Chief Operating Officer
EMPLOYEE
/s/ Xxxxxx X. Xxxxxxx
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Xxxxxx X. Xxxxxxx
