Exhibit 10.30
FIRST AMENDMENT TO
EMPLOYMENT AGREEMENT
THIS FIRST AMENDMENT TO EMPLOYMENT AGREEMENT (this "Amendment"), dated this
11th day of June, 2001, is made and entered into by and between Packard
BioScience Company, a Delaware corporation (the "Company"), and Xxxxx X. Xxxxxx
(the "Executive").
WHEREAS, the Company and the Executive entered into an employment agreement,
dated March 4, 1997 (the "Employment Agreement"); and
WHEREAS, the Company and Executive desire to amend the Employment Agreement to
extend the term of the Employment Agreement as set forth herein.
NOW, THEREFORE, in consideration of the mutual promises contained herein, and
for other good and valuable consideration the receipt and sufficiency of which
are hereby acknowledged, the Company and Executive hereby amend the Employment
Agreement as follows:
1. Section 1 of the Employment Agreement is hereby deleted in its entirety
and is hereby replaced with the following:
1. EMPLOYMENT PERIOD. The Company shall employ the Employee, and the
Employee shall serve the Company, on the terms and conditions set
forth in this Agreement for the period commencing on the date
hereof, and ending on the second anniversary hereof (the "Employment
Period"); provided, however, that commencing on the date one year
after the date of this Employment Agreement (the "Initial Renewal
Date"), and on the first day of each calendar month thereafter (each
such date and the Initial Renewal Date shall be hereinafter referred
to as a "Renewal Date"), unless previously terminated, the
Employment Period shall be automatically extended so as to terminate
twenty-five (25) calendar months after such Renewal Date, unless at
least sixty days prior to the Renewal Date the Company shall give
notice to the Executive that the Employment Period shall not be so
extended."
2. The EXHIBIT A attached hereto is hereby added to the Employment
Agreement as EXHIBIT A thereto.
3. Section 8(c)(ii) of the Employment Agreement is hereby deleted in its
entirety and replaced with the following:
"(ii) "Competitive Activity" means any competitor identified on
EXHIBIT A."
4. Except as specifically amended hereby, the Employment Agreement shall
remain in full force and effect.
5. The Company and the Executive acknowledge that this Agreement supersedes
any other agreement between them with respect to the subject matter
hereof, and that this Amendment shall be incorporated into and shall form
an integral part of the Employment Agreement.
6. This Amendment may be executed in several counterparts, each of which
shall be deemed an original, and said counterparts shall constitute but
one and the same instrument.
IN WITNESS WHEREOF, the Executive has executed this Amendment and, pursuant to
the authorization of its Board of Directors, the Company has caused this
Amendment to be executed on its behalf, all as of the date first above written.
EXECUTIVE
/s/ Xxxxx X. Xxxxxx
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Xxxxx X. Xxxxxx
PACKARD BIOSCIENCE COMPANY
/s/ Xxx X. Xxxxxx
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Xxx X. Xxxxxx, Chief Financial Officer