0000950168-97-000823 Sample Contracts

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WITNESSETH:
Embrex Inc/Nc • March 31st, 1997 • Biological products, (no disgnostic substances)
AMENDMENT TO EMPLOYMENT AGREEMENT This Amendment to Employment Agreement is made and entered into by EMBREX, INC., a North Carolina corporation, ("Employer") and Randall L. Marcuson ("Employee"). Employer and Employee may be collectively referred to...
Employment Agreement • March 31st, 1997 • Embrex Inc/Nc • Biological products, (no disgnostic substances)

This Amendment to Employment Agreement is made and entered into by EMBREX, INC., a North Carolina corporation, ("Employer") and Randall L. Marcuson ("Employee"). Employer and Employee may be collectively referred to as "the parties". WHEREAS, the parties entered into an Employment Agreement dated January 1, 1990 (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 Paragraph 12, Termination 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 18 months of Employee's then

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