Exhibit 10.4
SFBC Analytical Laboratories, Inc.
000X Xxxxxxxxxx Xxxxx
Xxxxx Xxxxx, XX 00000
May 7, 2002
VIA FACSIMILE AND
REGULAR MAIL
Xx. Xxxxx Xx
SFBC Analytical Laboratories, Inc.
000X Xxxxxxxxxx Xxxxx
Xxxxx Xxxxx, XX 00000
Re: SFBC International, Inc. / Amendment to Employment Agreement
Dear Xx. Xx:
Reference is made your Employment Agreement with SFBC Analytical
Laboratories, Inc. (the "Company") dated as of August 20, 2001. This letter will
confirm our agreement to amend Section 4(f) as of December 31, 2001. The second
sentence of Section 4(f) which reads as follows:
"If the Employee is still employed by the Company on an anniversary
date of this Agreement (the "Anniversary Date") through the fifth
Anniversary Date: (i) the sum of $200,000 together with applicable
interest shall be forgiven and considered paid by the Employee to the
Company on each applicable Anniversary Date; and (ii) a pro rata
portion of the Parent's common stock shall be released subject to the
terms of the Pledge Agreement[.]"
is hereby stricken in its entirety, and is hereby amended and the following
language is substituted therefore, as follows:
"If the Employee is still employed by the Company on an anniversary
date of this Agreement (the "Anniversary Date") through the fifth
Anniversary Date: (i) the sum of $200,000 together with applicable
interest shall be considered a bonus paid by the Company to the
Employee on each applicable Anniversary Date; and (ii) a pro rata
portion of the Parent's common stock shall be released subject to the
terms of the Pledge Agreement."
Please affirm your agreement to this amendment as of December 31, 2001, and
return the same to me via facsimile and send the original to me by regular mail.
Sincerely yours,
/s/ Xx. Xxxxx Xx
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Xx. Xxxxx Xx
