EXHIBIT 10.7
AMENDMENT TO EMPLOYMENT AGREEMENT
THIS AMENDMENT TO EMPLOYMENT AGREEMENT (this "Amendment") is made
and entered into as of the 1st day of June, 1998 by and between
GERBER SCIENTIFIC, INC., a Connecticut corporation (the
"Company") and Xxxxxxx X. Xxxxxxxx (the "Executive") (the Company
and the Executive may collectively be referred to as the
"Parties"). This Amendment amends the Employment Agreement by
and between the Parties, dated as of January 29, 1997 (the
"Employment Agreement").
RECITALS
WHEREAS, the Board of Directors of the Company has appointed the
Executive to serve as Chief Executive Officer of the Company;
WHEREAS, the Executive accepts his appointment as Chief Executive
Officer of the Company;
WHEREAS, the Parties wish to amend the Employment Agreement to
reflect the Executive's new position as Chief Executive Officer
of the Company.
NOW, THEREFORE, in consideration of the promises and the mutual
covenants contained herein, the receipt and sufficiency of which
are hereby acknowledged, the Parties, intending legally to be
bound, agree as follows:
A. Article II of the Employment Agreement is amended in its
entirety to read as follows:
ARTICLE II
Employment and Duties of Executive
2.1 Employment; Titles; Duties. The Executive
shall serve as President and Chief Executive
Officer ("CEO") of the Company. As President
and CEO, the Executive shall perform all of
the duties normally associated with that
position in a corporation generally
comparable in size and nature to the Company,
acting, in all instances, under the
supervision and direction of and in
accordance with the policies set by the Board
of Directors. The Company shall use its best
efforts to cause the Executive to be a member
of its Board of Directors for so long as he
is employed by the Company and during such
period of employment shall include him in the
management slate for election as a director
at any stockholder's meeting at which his
term would otherwise expire. The Executive
shall serve as a director without any
additional compensation.
2.2 Performance of Duties. The Executive shall
devote his full working time and efforts to
the performance of his duties as an executive
of the Company and to the performance of such
other duties as are assigned to him by the
Board of Directors.
B. Except as herein provided, the Employment Agreement shall
continue in full force and effect.
IN WITNESS WHEREOF, the Parties have executed this Agreement as
of the date first written above.
GERBER SCIENTIFIC, INC.
By: /s/ Xxxxxx X. Xxxxxxx
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Xxxxxx X. Xxxxxxx
Chairman of the Board
EXECUTIVE
/s/ Xxxxxxx X. Xxxxxxxx
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Xxxxxxx X. Xxxxxxxx
