EXHIBIT 10.22
[LETTERHEAD OF xXXXXXXX.XXX]
March 12, 2001
Xxxxxxx X. Xxxxxxxxx
President
00000 X Xxxx Xxxxxx Xxxxxx
Xxxxxx, Xxxxxxxx 00000
Re: Amendment to Employment Agreement
---------------------------------
Dear Xxxxxxx:
I am writing to confirm that effective October 1, 2000 your salary is $265,000,
and your target bonus, subject to the discretion of the Board of Directors, is
$150,000. Effective November 30, 2000, your title is President.
This letter is intended to amend your Employment Agreement to reflect your new
salary and/or title. The purpose of this letter is to express these changes
only; no terms and conditions of your Employment Agreement, other than the terms
that are expressly amended in this letter, are changed by this letter.
If you have any questions regarding this matter, please do not hesitate to
contact me. Please acknowledge your understanding and acceptance of this
amendment to your Employment Agreement by signing below and returning this
document to the General Counsel on or before March 16, 2001.
Sincerely,
/s/ Xxxxxxxx Xxxxxx
Xxxxxxxx Xxxxxx
Chief Executive Officer
Acknowledged and Accepted By:
/s/ Xxxxxxx X. Xxxxxxxxx
Xxxxxxx X. Xxxxxxxxx
President
