Second Amendment to Employment Agreement between Ecology Coatings, Inc. and Sally J.W. Ramsey

Contract Categories: Human Resources › Employment Agreements
Summary

This amendment updates the employment agreement between Ecology Coatings, Inc. and Sally J.W. Ramsey, effective September 15, 2009. It changes Ms. Ramsey's annual base salary to $75,000, with the salary subject to annual review by the company's Compensation Committee. All other terms of the original agreement remain unchanged.

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EX-10.68 6 secondamendramsey.htm SECOND AMENDMENT OF SALLY RAMSEY EMPLOYMENT AGREEMENT secondamendramsey.htm
 
 
 

SECOND AMENDEMENT TO EMPLOYMENT AGREEMENT
 
This Second Amendment to Employment Agreement is made as September 15, 2009 (“Amendment”), by and between Ecology Coatings, Inc., a Nevada corporation (“Company”) and Sally J.W. Ramsey (“Executive”) and amends the Employment Agreement between Company and Executive dated January 1, 2007 (“Agreement”).
 
1. The parties agree to amend Section 4.1 of the Agreement as follows:
 
The Company shall pay the Executive an annual salary for her services under the Agreement of $75,000 (“Base Salary”).  The Base Salary shall be reviewed by the Compensation Committee of the Company’s Board of Directors for possible adjustment annually.  Such salary shall be payable semi-monthly, subject to applicable withholding and other taxes.
 
2.  
In all other respects, the terms of the Agreement shall remain in full force and effect.
 

 
ECOLOGY COATINGS, INC.
 

 
By:  /s/ JB Smith                                                      By:  /s/ Sally J.W. Ramsey
 
                                                                                                                                           ;                            Sally J.W. Ramsey
 

 
Its:  Board Member