1
EXHIBIT 10.20
FIRST AMENDMENT TO
EMPLOYMENT AGREEMENT DATED AUGUST 1, 1995
BY AND BETWEEN
XXXXXX SCIENCES, INC. AND XXXXXXX XXXXXX
This FIRST AMENDMENT TO EMPLOYMENT AGREEMENT made as of May 1, 1996, by
and between Xxxxxx Sciences, Inc. ("Employer") and XXXXXXX XXXXXX ("Employee").
WHEREAS, the Employer and Employee entered into an Employment Agreement
dated August 1, 1995 which they now wish to amend; and
WHEREAS, the Employer and Employee have entered into this First Amendment
to Employment Agreement with the purposes and intents of amending the
Employment Agreement effective as of the date hereof;
NOW, THEREFORE, in consideration of the mutual covenants and promises set
forth herein and other good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the Employer and Employee hereby
agree as follows:
1. The phrase "and," at the end of Section 4.C.(2)(c) shall be deleted,
the period at the end of Section 4.C.(2)(d) shall be deleted and in lieu
thereof the phrase "; and" shall be inserted, and a new Section 4.C.(2)(e)
shall be inserted to read as follows:
"(e) all benefits described in Sections 5.B, 6.A and 6.C
hereof shall be continued for the remainder of the
unexpired term hereof as in effect on the effective
date of such termination."
2. The Employment Agreement, as amended hereby, shall hereafter continue
in full force and effect.
2
IN WITNESS WHEREOF, the parties have signed this First Amendment to
Employment Agreement as of the date first written above.
WITNESSES: XXXXXX SCIENCES, INC.
/s/ Xxxxxxx X. Xxxx By /s/ Xxxxxx Xxxxxx
-------------------------- ---------------------------
Its Secretary
-------------------------- --------------------------
000 Xxxxx Xxxxxx Xxxx
Xxx Xxxxx, XX 00000-0000
/s/ Xxxxxxx Xxxxxx
-----------------------------
XXXXXXX XXXXXX
[home address]
