EXHIBIT 10.76
AMENDMENT TO EMPLOYMENT AGREEMENT
THIS AMENDMENT TO EMPLOYMENT AGREEMENT (the "Amendment") is made by and between
Proxim Corporation, a Delaware corporation (the "Company") and Xxxxxxx X.
Xxxxxxx ("Executive"). The Company and Executive are parties to an Employment
Agreement of October 27, 2003 (the "Agreement"), and they now wish to amend the
Agreement in certain respects. Accordingly, the Company and Executive now agree
as set forth below.
1. Section 2a of the Agreement is deleted in its entirety and replaced
with the following: "While employed hereunder, Executive shall serve as the
Company's Senior Vice President, Administration and General Counsel. In such
position, Executive shall have such duties and authority, as shall be determined
from time to time by the Chief Executive Officer of the Company (the "CEO")".
2. Executive's "Base Salary", as set forth in Section 3 of the Agreement,
shall be increased to $240,000 per annum.
3. Executive's "Target Bonus", as set forth in Section 4 of the Agreement,
shall not be less than 60% of his Base Salary.
Except as modified by this Amendment, the Agreement shall remain in full force
and effect.
IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement as of
the date(s) set forth below.
EFFECTIVE AS OF JUNE 15, 2004
/s/ Xxxxxxx X. Xxxxxxx
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Xxxxxxx X. Xxxxxxx
PROXIM CORPORATION
By: /s/ Xxxxxx Xxxxxxxx
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Its: Chief Executive Officer
