First Amendment to Employment Agreement between Ecology Coatings, Inc. and F. Thomas Krotine

Summary

This amendment updates the employment agreement between Ecology Coatings, Inc. and F. Thomas Krotine, effective May 25, 2011. The main change is to Section 4.1, setting Mr. Krotine's annual base salary at $100,000, payable semi-monthly starting May 1, 2011, with possible annual adjustments by the company's Compensation Committee or Board. All other terms of the original agreement remain unchanged.

EX-10.93 2 firstamendkrotine.htm FIRST AMENDMENT KROTINE EMPLOYMENT AGREEMENT firstamendkrotine.htm
 
 

 

FIRST AMENDEMENT TO EMPLOYMENT AGREEMENT
 
This First Amendment to Employment Agreement is made as May 25, 2011 (“Amendment”), by and between Ecology Coatings, Inc., a Nevada corporation (“Company”) and F. Thomas Krotine (“Executive”) and amends the Employment Agreement between Company and Executive dated September 21, 2009 (“Agreement”).
 
1. The parties agree to amend Section 4.1 of the Agreement as follows:
 
Base Salary.  The Company shall initially pay the Executive an annual salary of $100,000 for his services under the Agreement starting May 1, 2011.  Such salary shall be payable semi-monthly, subject to applicable withholding and other taxes and subject to annual adjustment by the Company’s Compensation Committee or its Board of Directors.
 
2.  
In all other respects, the terms of the Agreement shall remain in full force and effect.
 

 
ECOLOGY COATINGS, INC.
 

 
By:                                                      
 
/s/ Robert G. Crockett                                                                                               /s/ F. Thomas Krotine
 

 
Its:  CEO