IRIS INTERNATIONAL, INC SECOND AMENDMENT TO KEY EMPLOYEE AGREEMENT FOR ROBERT MELLO
Exhibit 10.5
IRIS INTERNATIONAL, INC
▇▇▇▇ INTERNATIONAL, INC., a Delaware corporation (the “Company”), agrees with you to amend your Key
Employee Agreement in effect on the date hereof (the “Agreement”) as provided below, with such
amendment (the “Amendment”) to be effective as of March 30, 2011:
1. Severance Benefits. Section 3.6(a) of the Agreement is deleted in its entirety and
replaced with the following:
“Except as provided in subsection (b) below, in the event that (i) your employment is
terminated by the Company without cause at any time pursuant to Section 2.2(c) hereof or by
you for Good Reason (as defined herein), and (ii) you deliver to the Company on or before the
thirtieth (30th) day following the date your employment is terminated a signed
settlement agreement and general release in the form attached hereto as Exhibit A (the
“Release”) and (iii) you satisfy all conditions to make the Release effective, then the Company
shall pay you, at the time and in the manner specified in subsection (c) below, an amount equal to
one (1) times your annual base salary in effect immediately prior to such termination.”
2. Miscellaneous. Except as expressly modified hereby, all other terms and provisions of the
Agreement shall remain in full force and effect and are incorporated herein by this reference;
provided, however, to the extent of any inconsistency between the provisions of the Agreement and
the provisions of this Amendment, the provisions of this Amendment shall control. All references
in the Agreement to “Agreement”, “hereunder”, “hereof”, or words of like import referring to the
Agreement shall mean and be a reference to the Agreement as and to the extent it is amended by this
Amendment. This Amendment may be executed in multiple counterparts, each of which shall be deemed
an original Amendment, but all of which, taken together, shall constitute one and the same
Amendment, binding on the parties hereto. The signature of any party to any counterpart hereof
shall be deemed a signature to, and may be appended to, any other counterpart hereof. THIS
AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF
CALIFORNIA WITHOUT REGARD TO ITS CHOICE OF LAW PROVISIONS, AS CALIFORNIA LAWS ARE APPLIED TO
CONTRACTS ENTERED INTO AND PERFORMED IN SUCH STATE.
IN WITNESS WHEREOF, the parties have executed this Amendment to be effective as of the date
first written above.
| IRIS INTERNATIONAL, INC. |
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| By: | /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇ ▇. ▇▇▇▇▇▇ | |||
| Its: | President and Chief Executive Officer | |||
| Dated: | March 30, 2011 | |||
| ACCEPTED AND AGREED TO: |
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| /s/ ▇▇▇▇▇▇ ▇▇▇▇▇ | ||||
| ▇▇▇▇▇▇ ▇▇▇▇▇ | ||||
| Dated: February 25, 2011 | ||||
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