This excerpt taken from the CSCD 8-K filed Dec 6, 2007.
NOW, THEREFORE, for valuable consideration the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows:
This excerpt taken from the CSCD 10-Q filed Nov 14, 2005.
NOW, THEREFORE, for valuable consideration the receipt and sufficiency of which is hereby acknowledged, the parties agree that the Employment Agreement shall be amended as follows:
Section 3.6A (iii) of the Employment Agreement shall be deleted and replaced with the following:
iii) Stock Options: All unvested stock options held by Mr. Sipowicz as of the date of his termination from employment shall accelerate and become immediately exercisable. Mr. Sipowiczs vested stock options shall remain exercisable for a one-year period after the termination date.
Except as set forth and amended hereby, the Employment Agreement shall remain unchanged and in full force and effect according to its terms.
IN WITNESS WHEREOF, the parties hereto have caused this First Amendment to Executive Employment Agreement of Steven Sipowicz to be duly executed and delivered as of the day and year first above written.