Health Revenue Assurance Holdings, Inc. – Addendum to Mr. Evan McKeown Employment Agreement (November 18th, 2013)
This ADDENDUM TO EMPLOYMENT AGREEMENT (this "Addendum") is dated as of November 12, 2013, (the "Effective Date") between Health Revenue Assurance Holdings, Inc., a Nevada corporation, with a corporate address of 8551 W. Sunrise Boulevard, Suite 304, Plantation, Florida 33322, (the "Company"), and Mr. Evan McKeown ("Employee").
Health Revenue Assurance Holdings, Inc. – Mr. Evan McKeown Employment Agreement (October 8th, 2013)
For all purposes of this Agreement, the term Change in Control Compensation shall mean the sum of (A) any and all earned but unpaid Base Salary and earned but unpaid bonus compensation as of the date of the Change in Control; and (B) two (2) times the Base Salary; and (C) two (2) times the average bonus paid by the Company to Executive for the two (2) full calendar years immediately prior to the Change in Control; and (D) any accrued but unpaid vacation time in accordance with Company policies. The Change in Control Compensation shall be paid to Executive within ten (10) days of the Change in Control. In addition, any outstanding stock options and unvested restricted stock and stock awards held by Executive as of the Change in Control shall become vested and exercisable as of such date, and shall remain exercisable as of the life of the option.