Exhibit 10.4
[Letterhead of URT Industries, Inc.]
May 26, 1998
Xx. Xxxxx Xxxx
0000 Xxxx Xxxxxxxxxx Xxxxx Xxxxxxxxx
Xxxxxxxxxx, XX 00000
Dear Xx. Xxxx:
It is the purpose of this letter to confirm our agreement to further amend
the Amended and Restated Employment Agreement, dated as of the first day of
October, 1994 (the "Employment Agreement"), between URT Industries, Inc.
("URT"), and yourself ("Employee"), as previously amended pursuant to the letter
agreement dated October 1, 1997 between URT and yourself, in the manner
described below.
1. Employee acknowledges having received salary compensation, during the
six month period commencing March 30, 1997 and ending September 30, 1997, which
is $16,666.67 less than the compensation to which he would otherwise be
entitled, and agrees to forego such $16,666.67 in compensation.
2. Employee acknowledges having received salary compensation, during the
three month period commencing January 1, 1998 and ending March 28, 1998, which
is $21,012 less than the compensation to which he would otherwise be entitled,
and agrees to forego such $21,012 in compensation.
Other than as set forth above, the Employment Agreement shall remain in
full force and effect.
Please sign below to confirm your agreement to the foregoing.
Very truly yours,
URT INDUSTRIES, INC.
By: /s/Xxxxx Xxxx
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Executive Vice President
AGREED TO AND APPROVED:
/s/ Xxxxx Xxxx
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Xxxxx Xxxx
