First 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. It sets Ms. Ramsey’s annual salary at $60,000 until the company secures additional equity financing to ensure its sustainability. All other terms of the original agreement remain unchanged. The amendment is effective as of December 15, 2008.

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EX-10.60 8 firstamendsally.htm FIRST AMENDMENT TO EMPLOYMENT AGREEMENT OF SALLY J.W. RAMSEY DATED DECEMBER 15, 2008 firstamendsally.htm
 
 
 

FIRST AMENDEMENT TO EMPLOYMENT AGREEMENT
 
This First Amendment to Employment Agreement is made as December 15, 2008 (“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 to add the following language at the end of Section 4.1:
 

 
Notwithstanding the foregoing, Executive agrees to an annual salary of $60,000 until the Company obtains/closes on additional equity financing that supports a sustainable Company.
 
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                                                                                            By:  /s/ Sally J.W. Ramsey
 
         Robert G. Crockett                                                                                                Sally J.W. Ramsey
 

 
Its:  CEO