Amendment No. 1 to November 12, 2004 Employment Agreement
Exhibit
10.2
Amendment
No. 1 to
November
12, 2004 Employment Agreement
AGREEMENT
made this 31st day of October, 2006 between CONMED Corporation and Xxxxxx X.
Xxxxxxxxx as follows:
WHEREAS,
the Company and Xxxxxx X. Xxxxxxxxx have agreed to amend the provisions of
his
Employment Contract.
NOW,
THEREFORE, in consideration of One Dollar and all other good and valuable
consideration the parties hereto do hereby agree as follows:
1.
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Effective
January 1, 2007, Section 1 of the Employment Contract is amended
in its
entirety to provide as follows:
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“The
Company hereby agrees that you will be employed to serve as President and Chief
Executive Officer of the Company during the remaining term of employment set
forth in Section 2 of this Agreement. You hereby agree to serve, effective
January 1, 2007, as President and Chief Executive Officer of the Company during
such term of employment.”
2.
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Effective
January 1, 2007, the following shall be added at the end of the first
sentence of Section 4(a) of the Employment
Contract:
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“,
provided, that after January 1, 2007 such annual base salary shall be at a
rate
of at least $450,000.”
3.
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Effective
January 1, 2007, the following shall be added at the end of the first
sentence of the second paragraph of Section 4(b) of the Employment
Contract:
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“,
provided that beginning on December 31, 2007 and each subsequent December 31
during the term of this Agreement, such amount credited shall be $150,000.”
CONMED
CORPORATION
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/s/
Xxxxxx X. Xxxxxxxxx
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By:
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/s/
Xxxxxx X. Xxxxx
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Xxxxxx
X. Xxxxxxxxx
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Xxxxxx
X. Xxxxx
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