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EXHIBIT 10.13
AMENDMENT NO. 9
TO EMPLOYMENT AGREEMENT
AGREEMENT dated as of May 19, 1997 between ____________ ("Employee")
and Chemed Corporation (the "Company").
WHEREAS, Employee and the Company have entered into an Employment
Agreement dated as of May 2, 1988 and amended May 15, 1989, May 21, 1990, May
20, 1991, May 18, 1992, May 17, 1993, May 16, 1994, May 15, 1995 and May 20,
1996 ("Employment Agreement"); and
WHEREAS, Employee and the Company desire to further amend the
Employment Agreement in certain respects.
NOW, THEREFORE, Employee and the Company mutually agree that the
Employment Agreement shall be amended, effective as of May 19, 1997, as follows:
A. The date, amended as of May 20, 1996, set forth in Section 1.2
of the Employment Agreement, is hereby deleted and the date of
May 3, 2002 is hereby substituted therefor.
B. The base salary amount set forth in the first sentence of
Section 2.1 of the Employment Agreement is hereby deleted and
the base salary amount of $_______ per annum is hereby
substituted.
C. The amount of unrestricted stock award recognized in lieu of
incentive compensation in 1996 is $______. Except as
specifically amended in this Amendment No. 9
to Employment Agreement, the Employment Agreement, as amended,
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shall continue in full force and effect in accordance with its terms, conditions
and provisions.
IN WITNESS WHEREOF, the parties have duly executed this amendatory
agreement as of the date first above written.
EMPLOYEE
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CHEMED CORPORATION
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Xxxxx X. XxXxxxxx
President
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SCHEDULE TO EXHIBIT 10.13
Minimum Current
Annual Current (a) Expiration
Base Salary Stock Award Date of
Name and Position and Bonus Compensation Agreement
----------------- ------------ ------------ ----------
Xxxxx X. XxXxxxxx 283,728.00 51,063.00 5/3/2002
President 38,285.00
Xxxx X. Xxxx 289,500.00 89,482.00 5/3/2002
Executive Vice President 85,000.00
Xxxxxxx X. X'Xxxxx 171,525.00 47,206.00 5/3/2002
Executive Vice President 23,857.00
and Treasurer
Xxxxxx X. Xxxxx 174,825.00 41,652.00 5/3/2002
Senior Vice President and 37,455.00
Chief Administrative Officer
Xxxxxx X. Xxxxxx 109,000.00 12,993.00 5/3/2002
Vice President and Controller 17,102.00
Xxxxxx X. Xxxxxx 167,825.00 19,088.00 5/3/2002
Vice President 16,477.00
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(a) Amount of unrestricted stock award recognized in lieu of incentive
compensation in 1996.
