AMENDMENT TO EMPLOYMENT AGREEMENT BY AND BETWEEN MANHATTAN PHARMACEUTICALS, INC. AND DOUGLAS ABEL
LS
DRAFT
ATTORNEY
WORK PRODUCT
PRIVILEGED
& CONFIDENTIAL
Exhibit
10.23
AMENDMENT
TO EMPLOYMENT AGREEMENT
BY
AND BETWEEN
MANHATTAN
PHARMACEUTICALS, INC. AND XXXXXXX XXXX
This
AMENDMENT TO EMPLOYMENT AGREEMENT (the "Amendment") is entered into as of March
28, 2008, by and between Manhattan Pharmaceuticals, Inc. (the "Company") and
Xxxxxxx Xxxx (the "Executive").
WITNESSETH
THAT:
WHEREAS,
the Company and the Executive entered into that certain Employment Agreement,
dated as of April 1, 2005 (the "Agreement"); and
WHEREAS,
the Company and the Executive desire to extend the Term (as defined in the
Agreement) of the Agreement by a period of one year.
NOW
THEREFORE, for and in consideration of the foregoing, the Company and the
Executive hereby agree as follows:
1. The
Term
is hereby extended by one year, through April 1, 2009, and, notwithstanding
any
other provision of the Agreement to the contrary, such one-year extension shall
be deemed an "Additional Term" (as defined in the Agreement).
2. This
Amendment may be executed in counterparts, each of which shall constitute an
original, but both of which together shall constitute one and same instrument.
This Amendment shall be governed by, and construed and interpreted in accordance
with, the laws of the State of New York, without giving effect to its principles
of conflicts of laws.
3. Except
as
specifically amended hereby, the Agreement remains otherwise unmodified and
in
full force an effect, and is hereby ratified by the Company and the
Executive.
IN
WITNESS WHEREOF, the parties have signed this Amendment to Employment Agreement
as of the day and year set forth above.
MANHATTAN
PHARMACEUTICALS, INC.
By:
Xxxxxxx XxXxxxxxxx
Chief
Financial Officer
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/s/
Xxxxxxx XxXxxxxxxx
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XXXXXXX
XXXX
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/s/
Xxxxxxx Xxxx
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