Current assets
EX-10.3 4 p72737exv10w3.htm EXHIBIT 10.3 exv10w3
EXHIBIT 10.3
ORTHOLOGIC CORP.
Amendment No. 1 to Les M. Taegers Employment Agreement
dated January 16, 2006
dated January 16, 2006
Effective June 5, 2006, Mr. Les M. Taegers base salary is increased to $227,000 per year.
Additionally, OrthoLogic may terminate Mr. Taegers employment at any time, immediately and without cause, by giving written notice to Mr. Taeger. If OrthoLogic terminates Mr. Taeger without cause, provided Mr. Taeger first executes a Severance Agreement in the form then used by OrthoLogic, OrthoLogic shall continue to pay to Mr. Taeger his minimum base salary in effect at the time of termination for a period of one year following the date of termination, at the time and in the manner dictated by OrthoLogics standard payroll policies. Should such termination occur as a result of a change in control, OrthoLogic shall also pay Mr. Taeger a pro-rata share of his bonus at the time of termination.
By: | /s/ John M. Holliman, III | |||
John M. Holliman, III | ||||
Executive Chairman | ||||
Date: June 5, 2006 |