Amendment No. 1 to Employment Agreement between CardioGenesis Corporation and Michael J. Quinn

Summary

This amendment updates the employment agreement between CardioGenesis Corporation and Michael J. Quinn. Effective January 1, 2002, Mr. Quinn's annual salary increases to $369,930, and his bonus is raised to 50% of his annual salary. All other terms of the original agreement remain unchanged. Both parties signed the amendment on July 3, 2002.

EX-10.13 4 a83695exv10w13.txt EXHIBIT 10.13 EXHIBIT 10.13 Amendment No. 1 to Employment Agreement dated September 27, 2001 between CardioGenesis Corporation as Company and Michael J. Quinn as Executive The terms and conditions of the Employment Agreement are hereby modified and amended as follows. Unless specifically defined in this Amendment, capitalized terms used herein shall have the meanings ascribed to them in the Employment Agreement. : 1. Section 3.1, line 2, after "Three Hundred Thirty Thousand Dollars ($330,000) per annum" insert "and effective January 1, 2002, such salary shall be increased to an amount equal to Three Hundred Sixty Nine Thousand Dollars Nine Hundred and Thirty Dollars ($369,930) per annum". 2. Section 3.2, line 3, after "of the Annual Salary" insert "and effective January 1, 2002, such Bonus shall be increased to 50% of the Annual Salary". All other terms and conditions of the Employment Agreement shall remain the same. IN WITNESS WHEREOF, the parties hereto have executed this Amendment of the latest date set forth below. COMPANY: EXECUTIVE: CARDIOGENESIS CORPORATION MICHAEL J. QUINN BY: /s/ Darrell Eckstein BY: /s/ Michael J. Quinn ------------------------------- ------------------------------------- NAME: Darrell Eckstein NAME: Michael J. Quinn ---------------------------- ------------------------------------ TITLE: President and C.O.O. TITLE: Chief Executive Officer ---------------------------- ---------------------------------- DATE: July 3, 2002 DATE: July 3, 2002 ---------------------------- ----------------------------------