AMENDMENT TO EMPLOYMENT AGREEMENT

Contract Categories: Human Resources - Employment Agreements
EX-10.41 6 a10-17460_1ex10d41.htm EX-10.41

EXHIBIT 10.41

 

AMENDMENT TO EMPLOYMENT AGREEMENT

 

This AMENDMENT TO EMPLOYMENT AGREEMENT (Amendment) is entered into by and between ROBERT F. VENTEICHER (Executive) and Affymax, Inc. (the Company), effective as of September 23, 2010 (the Effective Date).

 

WHEREAS, the Company retains the services of Executive pursuant to that certain Employment Agreement dated December 17, 2008 (the Employment Agreement), and the Company and Executive wish to amend the Employment Agreement as set forth below;

 

WHEREAS, the Company desires to continue to employ Executive pursuant to the Employment Agreement, as herein amended;

 

WHEREAS, Executive wishes to continue to be employed by the Company and provide personal services to the Company in return for certain compensation and benefits under the Employment Agreement, as herein amended; and

 

WHEREAS, Section 11.4 of the Employment Agreement provides that it cannot be modified or amended except in a writing signed by an officer of the Company.

 

NOW, THEREFORE, in consideration of the mutual promises and covenants contained herein, it is hereby agreed by and between the parties hereto as follows:

 

1.             Clause (iv) of Section 5.6(b) of the Employment Agreement is hereby amended by replacing the phrase “one (1) year” with the phrase “thirty-six (36) months.”

 

2.             In all other respects, the Employment Agreement shall remain unchanged by this Amendment.

 

IN WITNESS WHEREOF, the parties have executed this Amendment on the dates written below.

 

ROBERT F. VENTEICHER

 

AFFYMAX, INC.

 

 

 

/s/ Robert Venteicher

 

By:

/s/ Arlene M. Morris

 

 

 

Date: 4 Oct 2010

 

Its: Chief Executive Officer

 

 

 

 

 

Date: 9-23-2010