EMPLOYMENT AGREEMENT
An Employment Agreement between Xxxxx Xxxxxx as Employee and InMedica
Development Corporation, a Utah corporation, as Employer, effective as of April
1, 2001.
RECITALS
WHEREAS Employer and Employee previsously entered into an Employment
Confidentiality and Competition Agreement dated December 11, 1999 (the
"Employment Agreement"); and
WHEREAS the parties now desire to provide for additional employment
based on certain terms of the prior Employment Agreement for an additional
period;
THEREFORE, in consideration of the promises herein, the parties agree
as follows:
1. The terms of the prior Employment Agreement are incorporated herein
as the employment agreement between the parties, as those terms are amended
below.
2. Paragraphs one and two of the Employment Agreement are amended and
restated in their entirety as follows:
1. Employment. Employer does hereby employ Employee on a full-time
basis as chief executive officer and president of Employer for a period
of two years beginning April 1, 2001. Employee shall continue to be a
member of the board of directors during the term of this agreement and
shall work under the direction of the Board of Directors.
2. Compensation.Employer shall compensate Employee in the sum of Seven
Thousand Dollars per month ($7,000) salary during the remainder of 2001
and in the sum of Eight Thousand Dollars per month ($8,000) salary
beginning January 1, 2002 through March 30, 2003.
DATED the 25th day of April, 2001.
INMEDICA DEVELOPMENT CORPORATION, Employer
By: /s/ Xxxxx X. Xxxxx
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Xxxxx X. Xxxxx
Its Chairman
By: /s/ Xxxxx Xxxxxx
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Xxxxx Xxxxxx
Employee
