Amendment to Employment Agreement between Amtech Systems, Inc. and Fokko Pentinga

Contract Categories: Human Resources › Employment Agreements
Summary

Amtech Systems, Inc. and Fokko Pentinga have agreed to amend their existing employment agreement, originally dated June 29, 2012. This amendment, effective July 1, 2012, reduces Mr. Pentinga's annual base salary from $370,000 (or €284,310) to $314,500 (or €241,664). All other terms of the original agreement remain unchanged.

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EX-10.3 3 asys63012-ex103.htm AMENDMENT TO EMPLOYMENT AGREEMENT ASYS.6.30.12-EX10.3


AMENDMENT TO EMPLOYMENT AGREEMENT


Whereas, Amtech Systems, Inc. (“Company) and Fokko Pentinga (“Executive”) entered into an Employment Agreement (the “Agreement”) dated June 29, 2012; and

Whereas, Company and Executive now desire to modify the Agreement pursuant to Paragraph 21 thereof, and to enter into this Amendment to Employment Agreement (“Agreement”);

The parties hereto therefore agree to the following modification to the Agreement, to be effective as of the date set forth below; with all unmodified portions of the Agreement to remain in full force and effect as written:

1.Section 2 of the Agreement is hereby amended to reduce the annual base salary from US$370,000, or € 284,310, to $314,500, or € 241,664.

IN WITNESS WHEREOF, the parties hereto have executed this Amendment this _1st_ day of July, 2012.

Amtech Systems, Inc.


By   /s/ Bradley C. Anderson
Bradley C. Anderson,
                
Its Executive Vice President and Chief Financial Officer



By /s/ Fokko Pentinga
Fokko Pentinga, Executive