Amendment to Employment Agreement Between Adept Technology and John Dulchinos (February 4, 2009)
Adept Technology and John Dulchinos have agreed to amend their previous employment agreement, reducing Mr. Dulchinos's base salary by 20% effective January 5, 2009. This pay reduction will remain in effect throughout 2009 unless the Board of Directors approves a change. Both parties have acknowledged and accepted this amendment in writing.
EXHIBIT 10.4
February 4, 2009
John Dulchinos
Dear John,
Pursuant to the January 28, 2009 approval by the Adept Board of Directors, the September 2, 2008 letter agreement between you and Adept Technology is amended to reflect a 20% reduction in base pay salary effective January 5, 2009. The reduction in pay shall remain in force for calendar 2009 until a determination to revise your salary base is approved by the Board.
Sincerely,
| /s/ Lisa M. Cummins |
| Lisa M. Cummins Vice President of Finance and Chief Financial Officer |
I have read, understand, and accept the revision of my base salary.
| /s/ John Dulchinos |
| John Dulchinos 2/4/09 |
