June 15, 2004 Terry Herring Re: Amendment to Employment Agreement Dear Terry,
June
15, 2004
Xxxxx
Xxxxxxx
Re: Amendment
to Employment Agreement
Dear Xxxxx,
This letter confirms
our agreement and shall serve to amend the April 8, 2002 Employment Agreement
between you and the Company in accordance with the following:
a) Additional
Pay
Paragraph 3 and
section h Additional Pay, sentence one shall be amended to
read as follows:
If
there is a Change
in Control (as defined in paragraph 5(e) herein) by April 8, 2005, and the
Executive is employed by the Company upon the Change in Control, and, in the
sole judgement and discretion of the Company, the Executive has satisfactorily
performed all assigned duties, including using his best efforts to facilitate
a
Change in Control, the Company shall award the Executive up to fifty-two (52)
weeks base pay, minus such deductions as may be required by law or reasonably
requested by the Executive.
b) Continuing
Effectiveness of Employment Agreement
Except as modified
herein, the Employment agreement dated April 8, 2002, shall remain in full
force
and effect in accordance with their respective terms.
If
the foregoing is satisfactory, please so indicate by signing and returning
to me
the enclosed copy of this Letter Agreement whereupon this will constitute
the agreement of the parties with respect to the subject matter referenced
herein.
Very truly yours,
Ventiv Health, Inc.
By: /s/ Xxxx Xxxxxx
Chief
Executive Officer
Accepted and agreed to by: /s/ Xxxxx Xxxxxxx
Dated: 7/7/04