EXHIBIT 10.1
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AMENDMENT NO. 5 TO EMPLOYMENT AGREEMENT
This Amendment dated September 26, 2006 hereby amends the Employment
Agreement dated August 1, 2004 (the "Employment Agreement"), by and between
iVoice Technology, Inc., a New Jersey corporation (hereinafter referred to as
the "Company"), having an office at 000 Xxxxxxx 00, Xxxxxxx, Xxx Xxxxxx 00000
and Xxxxxx Xxxxxxx, having his office at 000 Xx. 00, Xxxxxxx, XX 00000
(hereinafter referred to as the "Executive").
W I T N E S S E T H :
WHEREAS, the Company and the Executive mutually desire to amend the
Employment Agreement; and
NOW, THEREFORE, in consideration of the premises, the parties agree as
follows:
1. Effective August 31, 2006, Paragraph 3 shall be deleted in its entirety and
replaced with the following:
"Duties. The Executive agrees that the Executive will serve the Company on
a part-time basis faithfully and to the best of his ability as the
President and Chief Executive Officer, subject to the general supervision
of the Board of Directors of the Company. The Executive agrees that the
Executive will not, during the term of this Agreement, engage in any other
business activity which interferes with the performance of his obligations
under this Agreement. The Executive further agrees to serve as a director
of the Company and/or of any parent, subsidiary or affiliate of the Company
if the Executive is elected to such directorship."
4. All other terms of the Employment Agreement shall remain in full force and
effect.
IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the
date written below.
IVOICE TECHNOLOGY, INC. XXXXXX XXXXXXX
By: ____________________ By: ____________________
Xxxxx Xxxxx
Title: Director
Date: __________________ Date: __________________
