EXHIBIT 10.42
AMENDMENT TO EMPLOYMENT AGREEMENT
This amendment to Employment Agreement is made and entered into by Embrex,
Inc., a North Carolina corporation, ("Employer") and Xxxxxx X'Xxxx ("Employee").
Employer and Employee may be collectively referred to as "the parties".
WHEREAS, the parties entered into an Employment Agreement dated 06/02/97
(the "Agreement");
WHEREAS, Employee continues to be employed by Employer; and
WHEREAS, the parties both desire to amend the prior Employment Agreement as
set forth below.
NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the parties agree to amend their
prior Agreement as follows:
The Agreement is hereby amended by deleting Xxxxxxxxx 00, Xxxxxxxxxxx and
Liquidated Damages and inserting in lieu thereof the following:
12. Severance. If Employer terminates Employee's employment under this
Agreement without cause, then Employee shall be entitled to receive from
Employer an amount equal to twelve months of Employee's then current
salary, payable in twelve equal monthly installments, without interest,
commencing one month after termination.
IN WITNESS WHEREOF, the parties have executed this Amendment to Employment
Agreement this the 1 day of May, 2001.
/s/ Xxxxxx X. X'Xxxx
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Employee
EMBREX, INC.
By: /s/ Xxx X. Xxxxxxxx
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