Amendment to Employment Agreement between Color Imaging, Inc. and Claude R. Aubert
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Summary
This amendment updates the employment terms for Claude R. Aubert, reflecting his new role as Vice President, Technical Sales at Color Imaging, Inc. Effective June 27, 2004, his annual salary will be reduced in stages from $100,000 to $80,000 by October 3, 2004, with specific bi-weekly payment amounts outlined. The agreement also notes that if Mr. Aubert's duties return to a technology-focused role, he expects his original salary to be reinstated. Both parties have signed to acknowledge and accept these changes.
EX-10.3 5 colorimaging10q63004ex103.txt AMENDMENT TO EMPLOYMENT AGREEMENT EXHIBIT 10.3 Company Letterhead May 28, 2004 Mr. Claude R. Aubert 4144 Lake Oconee Drive Buford, GA 30519 Dear Claude: With the change in your duties and responsibilities to that of Vice President, Technical Sales, your salary is, hereby, changed as follows: Beginning June 27 and on July 25, August 22 and October 3 thereafter, your salary, calculated on an annual basis, shall be reduced by the equivalent of $5,000 per annum, reducing your annual salary from $100,000 currently to $80,000 as of October 3, 2004. In accordance with the foregoing, your salary, paid every two weeks, is then: $3,653.85 effective June 27, $3,461.54 effective July 25, $3,269.23 effective August 22, and $3,076.92 effective October 3, 2004. To indicate your understanding and acceptance of these changes, please sign where indicated hereafter. {If my duties and responsibilities are changing in the future back to technology, I am expecting an adjustment to the original annual salary. CA} Sincerely, Acknowledged and accepted: EMPLOYER EMPLOYEE /S/ SUELING WANG /S/ CLAUDE R. AUBERT _______________________ _______________________ Sueling Wang, Phd Claude R. Aubert President 1794045