First Amendment to Employment Agreement between Sunteck Transport Co., Inc. and Michael P. Williams

Contract Categories: Human Resources › Employment Agreements
Summary

This amendment updates the employment agreement between Sunteck Transport Co., Inc. and Michael P. Williams. Effective from May 11, 2009, through December 31, 2009, Mr. Williams’ annual base salary is reduced from $195,000 to $175,500. All other terms of the original agreement remain unchanged. Both parties have agreed to and signed this amendment.

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EX-10.C 4 d77575ex10_c.htm EXHIBIT 10.C d77575ex10_c.htm
 
Exhibit 10.C
FIRST AMENDMENT TO EMPLOYMENT AGREEMENT

Reference is hereby made to the Employment Agreement (the “Original Agreement”) dated as of January 1, 2007 by and between Sunteck Transport Co., Inc., a Florida corporation and Michael P. Williams, an individual residing at 386 6th Street, Atlantic Beach, Florida 32233 (“Mr. Williams”).

For good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the undersigned parties agree as follows:

1) Section 4 and Addendum A of the Original Agreement is hereby amended to reduce Mr. Williams’ annual base compensation provided for therein from $195,000 to $175,500 for the period from May 11, 2009 through December 31, 2009.

2) Capitalized terms used but not defined herein shall have the meaning ascribed to it in the Original Agreement.

IN WITNESS WHEREOF, the parties hereto have duly executed and delivered this First Amendment to Employment Agreement as of May 11, 2009.

Sunteck Transport Co., Inc.


By: /s/ Harry Wachtel                                                      /s/ Michael P. Williams                                           
         Harry Wachtel                                                                                                    Michael P. Williams
         President