EXHIBIT 10.14
AMENDMENT TO EXECUTIVE EMPLOYMENT AGREEMENT
This Amendment to Executive Employment Agreement (the
"Amendment") is entered into as of March 6, 2003 (the "Effective Date") by and
between Gender Sciences, Inc. (the "Company") and Xxxxxx X. Xxxx ("Executive").
RECITALS
WHEREAS, the Company and Executive are parties to that certain
Executive Employment Agreement dated as of January 1, 2003 (the "Employment
Agreement') and desire to amend the Employment Agreement as set forth herein.
Except as otherwise defined herein, capitalized terms used but not defined
herein have the respective meanings given to them in the Employment Agreement.
NOW THEREFORE, BE IT RESOLVED, that the Employment Agreement
is hereby amended as follows:
1. Section 1.2 of the Employment Agreement is hereby amended and
restated as follows:
"Duties and Responsibilities. Executive shall serve in the
position of President. During the Employment Term, Executive
shall perform all duties and accept all responsibilities
incident to such position or other appropriate duties as may
be assigned to him by the Company's Board of Directors.
Executive shall devote his full productive time and best
efforts to the performing of his duties and responsibilities
under this Section 1.2."
2. This Amendment shall be governed by and construed in
accordance with the laws of the State of New Jersey as such laws are applied to
contracts entered into and performed entirely within New Jersey by New Jersey
residents.
3. This Amendment may be signed in any number of counterparts,
each of which will be deemed an original and all of which taken together shall
constitute one and the same instrument. To the maximum extent permitted by law
or by any applicable governmental authority, this Amendment may be signed and
transmitted by facsimile with the same validity as if it were an ink-signed
document.
4. Except as specifically amended hereby, the Employment
Agreement shall remain in full force and effect. This Amendment constitutes the
entire understanding and agreement of the parties hereto with respect to the
subject matter hereof and supercedes all prior and contemporaneous agreements or
understandings, inducements or conditions, express or implied, written or oral,
between the parties with respect to the subject matter hereof.
IN WITNESS WHEREOF, the parties hereto have executed this
Amendment as of the first above written.
"Company" GENDER SCIENCES, INC.
By: /s/ XXXXXX XXXXX
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Print Name: Xxxxxx Xxxxx
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Title: Chairman
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"Executive" XXXXXX X. XXXX
/s/ XXXXXX X. XXXX
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