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EXHIBIT 10.43
THIRD ADDENDUM TO EMPLOYMENT AGREEMENT
IMNET Systems, Inc., a Delaware corporation (the "Company") and XXXXXXX X.
XXXXXX, a Georgia resident ("Employee") are party to that certain Employment
Agreement, dated as of May 22, 1992 as amended by the Addendum to Employment
Agreement dated July 1, 1995, an interpretive letter dated May 2, 1996, and the
Second Addendum to Employment Agreement dated September 15, 1996 (collectively,
the "Employment Agreement"), and hereby agree that effective as of November 6,
1997, Employee's employment with the Company shall continue under the terms and
provisions of the Employment Agreement as supplemented and amended by the terms
hereof, as follows:
1. Employee shall be employed as Chairman of the Board of Directors and
Chief Executive Officer of the Company, for a term ending on December 31, 2000
unless earlier terminated in accordance with the terms hereof and of the
Employment Agreement.
2. In the event that Employee's employment with the Company is terminated
prior to January 1, 2000 by reason of (i) termination by the Company other than
for cause; or (ii) Employee's election within the six-month period following a
Severance Event (as defined in the Employment Agreement), the Company will
provide to Employee the payments and benefits specified in Section 8 of the
Employment Agreement through the period ending December 31, 2000. In the event
that Employee's employment with the Company is terminated on or after January 1,
2000 for any of the aforementioned reasons, the Company will provide to Employee
the payments and benefits specified in Section 8 of the Employment Agreement for
a period of twelve (12) months from the date of termination of Employee's
employment with the Company.
3. Other than as provided for herein, the Employment Agreement is not
superseded hereby but remains in full force and effect.
IN WITNESS WHEREOF, the undersigned have duly executed this Addendum to
Employment Agreement as of November 6, 1997.
The Company:
IMNET Systems, Inc.
By: /s/ Xxxxxx X. Xxxxxx
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Its: Director
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Employee:
/s/ Xxxxxxx X. Xxxxxx
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Xxxxxxx X. Xxxxxx
