Amendment to Employment Agreement between Accuray Incorporated and Chris A. Raanes (August 22, 2011)
This amendment updates the employment terms between Accuray Incorporated and Chris A. Raanes, appointing him as Executive Vice President and Chief Operating Officer effective July 25, 2011. All other terms of his original employment agreement dated January 1, 2011, remain unchanged. Any further changes must be made in writing and signed by both parties.
Exhibit 10.3
August 22, 2011
Chris A. Raanes
Re: AMENDMENT TO EMPLOYMENT TERMS
Dear Chris,
Accuray Incorporated (the “Company”) is pleased to offer you the title of Executive Vice President, Chief Operating Officer. Your new title shall be effective as of July 25, 2011. This document memorializes the Amendment to the employment agreement entered into between you and the Company dated January 1, 2011 (“Employment Agreement”). All other terms of your employment shall remain unchanged, and no other modifications to the terms of your employment as set forth in the Employment Agreement may be made unless in a written amendment signed by both you and the CEO or General Counsel of the Company.
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| Sincerely, | ||
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| ACCURAY INCORPORATED, | ||
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| a Delaware Corporation | ||
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| By: | /s/ Euan Thomson, Ph.D. | |
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| Name: | Euan Thomson, Ph.D. | |
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| Title: | President & Chief Executive Officer | |
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| By: | /s/ Darren J. Milliken | |
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| Name: | Darren J. Milliken | |
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| Title: | Senior Vice President, General Counsel | |
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| Accepted and Agreed, |
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| By: | /s/ Chris Raanes |
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| Chris Raanes |
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