EXHIBIT 10.27
TO: Xxxxxx X. Xxxxx, Xx.
SUBJECT: Contractor Agreement Dated May 11, 1998
The Contractor Agreement between Xxxxxx X. Xxxxx, Xx. and Integrated Circuit
Systems, Inc. is amended as follows:
SCHEDULE I
1. Services to be Performed: Management consulting with respect to strategies
and plans for ICS and its affiliated companies, as from time to time may be
expressly requested by the Project Coordinator.
2. Terms of Agreement: May 11, 1998 to December 31, 1998.
3. Project Coordinator: Xxxxx X. Xxxxxx
4. COMPENSATION: ICS AGREES TO PAY CONTRACTOR AS FOLLOWS FOR THE SUCCESSFUL
COMPLETION OF REQUIRED SERVICES:
Two thousand dollars ($2,000.00) per day (or the prorata portion thereof
based upon an eight hour day) for the services requested by the Project
Coordinator, not to exceed ten (10) days per month.
5. Other Pertinent Information:
(a) Paragraph 4.B., reference to "sixty (60) days" is charged to "thirty
(30) days
(b) Paragraph 8.H. is amended by inserting", provided, however, that the
obligations imposed hereunder by Paragraph 8.C. shall terminate with
respect to any particular Confidential Information after a period of
three years from the date of ICS's disclosure of such Confidential
Information to Contractor" after the phrase "association with ICS".
(c) Paragraph 11.H. is hereby deleted.
IN WITNESS WHEREOF, the parties hereto acknowledge their Agreement as follows:
Integrated Circuit Systems, Inc. Contractor
By: __________________________ By: ________________________
Typed Name: Xxxxx X. Xxxxxx, Chairman Typed Name: Xxxxxx X. Xxxxx, Xx.
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2435 Blvd. of the Generals
Address: Xxxxxxxxxx, XX 00000 Address: ________________________
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Date: September 11, 1998 Date: ________________________
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