Amendment No. 1 to Employment Agreement between Amarillo Biosciences, Inc. and Stephen T. Chen, Ph.D.

Contract Categories: Human Resources › Employment Agreements
Summary

This amendment updates the employment agreement between Amarillo Biosciences, Inc. and Dr. Stephen T. Chen. It changes Dr. Chen’s employment title to Senior Scientific Advisor, replacing previous references to Chairman, President, CEO, and CFO for employment purposes only. The amendment clarifies that this change does not affect any officer positions Dr. Chen may hold now or in the future, and he may still serve as an officer if determined by the Board. All other terms of the original agreement remain unchanged.

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EX-10.1(G) 3 amar_101g.htm AMENDMENT NO. 1 TO EMPLOYMENT AGREEMENT BETWEEN COMPANY AND STEPHEN T. CHEN, PH.D. EFFECTIVE 01/01/21 amar_101g
 
Exhibit 10.1(g)
 
AMENDMENT NO. 1
TO
EMPLOYMENT AGREEMENT
 
THIS AMENDMENT NO. 1 is made by and between AMARILLO BIOSCIENCES, INC., a Texas corporation, inclusive of any Affiliates or subsidiaries (“ABI”) and STEPHEN T. CHEN, Ph.D. (“EMPLOYEE”) to that certain Employment Agreement between the parties made effective January 1, 2021 (“Agreement”).
 
1.
All references to “Chairman, President, CEO, and CFO” shall be deleted and be replaced by “Senior Scientific Advisor” for the purposes of Employee’s employment only. For the avoidance of doubt, the deletion of the herein references shall not constitute a resignation or removal of any officer position that Employee may hold now or in the future.
 
2.
Notwithstanding the foregoing paragraph 1, Employee may serve in any capacity as an officer of ABI as determined by ABI’s Board of Directors and Article III of ABI’s Bylaws.
 
3.
All other terms and conditions under the Agreement not expressly amended or modified by this amendment shall continue in full force and effect.
 
IN WITNESS WHEREOF, each of the parties has caused this Agreement to be executed on its behalf by a duly authorized officer on the day and year first above written.
 
 
Amarillo Biosciences, Inc.
 
 
EMPLOYEE:
 
By:
/s/ John Junyong Lee
 
By:
/s/  Stephen T. Chen
 
 
John Junyong Lee
 
 
 Dr. Stephen T. Chen, Ph.D.
 
 
Secretary                                                                                     
 
 
 
 
 
 
 
 
Date:
 January 19, 2021   
 
Date:
 January 19, 2021   
 
 
AMENDMENT NO. 1 TO EMPLOYMENT AGREEMENT
January 19, 2021
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