These excerpts taken from the AUTH 10-K filed Mar 18, 2009.
This First Amendment to Employment Agreement effective as of January 1, 2009 is between AuthenTec, Inc., a Delaware corporation (the Company), and Larry Ciaccia (Employee) and modifies that Employment Agreement entered into between the parties and having an effective date of March 21, 2005 (the Agreement). AuthenTec and Employee agree as follows:
Payment in an aggregate amount equal to nine (9) months of the COBRA costs associated with continuation of benefits under the Companys player healthcare benefit plans (medical, dental, prescription) in which Employee participated immediately prior to Employees termination of employment. Payment will be made to the Employee as part of Employees final paycheck.
The foregoing amounts will be paid within sixty (60) days after Employees termination of employment.
IN WITNESS WHEREOF, the parties have executed this First Amendment to Employment Agreement as of the date first written above.