EXHIBIT 10.15
AMENDMENT TO EMPLOYMENT AGREEMENT
This Amendment to that certain Employment Agreement (the "Amendment") by
and between PROXYMED, INC., a Florida corporation (the "Company"), and XXXXXXX
X. XXXXX (the "Executive") dated January 23, 2001, is entered into as of JANUARY
1, 2004 (the "Amendment Date"). In consideration of the mutual covenants and
agreements hereinafter set forth, the parties agree as follows:
WHEREAS, the Company and the Executive have agreed to amend that certain
Employment Agreement;
NOW, THEREFORE, the parties agree as follows:
1. The Employment Agreement of the Executive shall automatically renewed
for a period of one (1) year from January 29, 2004 to January 28, 2005, and
shall be automatically extended from year to year thereafter unless otherwise
terminated in accordance with the terms of the Employment Agreement.
2. Commencing on the Amendment Date, the Executive's position shall be
Executive Vice President-Sales and Account Management, reporting to the Chief
Operating Officer.
3. Commencing on the Amendment Date, the Executive's annual salary shall
be $175,000.00 payable in accordance with the Company's then-current payroll
practices and subject to any subsequent increases recommended by the Company's
Compensation Committee and approved by the Company's Board of Directors in
writing. Any such subsequent written document is hereby incorporated by
reference and made a part of and shall amend the relevant terms of the
Employment Agreement automatically.
4. Except as otherwise modified herein, all terms and conditions of the
Executive's Employment Agreement shall remain in full force and effect. To the
extent that a conflict shall exist as between the terms or conditions of the
Employment Agreement and this Amendment, those of this Amendment shall prevail.
5. This Amendment may be executed in one or more counterparts, all of
which shall be considered one and the same agreement and shall become effective
when one or more counterparts have been signed by each of the parties and
delivered to the other parties.
6. This Amendment constitutes the entire agreement, and supersede all
prior agreements and understandings, both written and oral, among the parties
with respect to the transactions contemplated hereby, and (b) is not intended to
confer upon any person other than the parties hereto any rights or remedies.
IN WITNESS WHEREOF, each of the parties has executed this Amendment, in
the case of the Company by its duly authorized officer, as of the day and year
first above written.
PROXYMED, INC. EXECUTIVE:
By: /s/ XXXXX X. XXX By: /s/ XXXXXXX X. XXXXX
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SIGNATURE SIGNATURE
Print Name: XXXXX X. XXX Print Name: XXXXXXX X. XXXXX
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Title: PRESIDENT
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