EXHIBIT 10.78
SECOND AMENDMENT TO EMPLOYMENT AGREEMENT
THIS SECOND AMENDMENT TO EMPLOYMENT AGREEMENT (the "Amendment") is made by and
between Proxim Corporation, a Delaware corporation (the "Company") and Xxxxx X.
Xxxxx ("Executive"). The Company and Executive are parties to an Employment
Agreement of December 5, 2002 (the "Agreement"), and they now wish to amend the
Agreement in certain respects. Accordingly, the Company and Executive now agree
as set forth below.
1. The first sentence of Section 2a of the Agreement is deleted in its
entirety and replaced with the following: "While employed hereunder, Executive
shall serve as the Company's President and Chief Executive Officer."
2. Executive's "Base Salary", as set forth in Section 3 of the Agreement,
shall be increased to $425,000 per annum.
3. Executive's "Target Bonus", as set forth in Section 4 of the Agreement,
shall not be less than 100% of his Base Salary.
Except as modified by this Amendment, the Agreement shall remain in full force
and effect.
IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement as of
the date(s) set forth below.
Dated: January 11, 2005 /s/ XXXXX X. XXXXX
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XXXXX X. XXXXX
Dated: January 11, 2005 PROXIM CORPORATION
By: /s/ Xxxxxxx X. Xxxxxxx
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Its: S.V.P. & General Counsel
