Amendment to Employment Agreement between Dendrite International Inc. and George Robson (May 26, 1999)

Contract Categories: Human Resources › Employment Agreements
Summary

This amendment updates the employment agreement between Dendrite International Inc. and George Robson, originally dated June 2, 1997. The change ensures that if there is a change in control of the company, all stock options owned by Mr. Robson at that time will immediately become fully vested, regardless of whether he is offered a similar position. All other terms of the original agreement remain unchanged.

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EX-10.22 10 0010.txt ROBSON AMENDMENT TO EMPLOYMENT AGREEMENT AMENDMENT May 26, 1999 THIS AMENDMENT modifies and amends the Employment Agreement (the "Agreement") dated as of June 2, 1997 by and between DENDRITE INTERNATIONAL INC. ("Dendrite") and GEORGE ROBSON ("Employee"). Unless otherwise defined herein, capitalized terms used herein shall have their respective meanings as set forth in the Agreement. The parties agree as follows: 1. The last sentence in Section 3(iii)(a) of the Agreement which states that "Notwithstanding anything to the contrary, in the event of a `Change in Control' (as defined below), if Employee is not retained in a similar position or no similar position is offered to Employee following a Change in Control, all of Employee's options owned by him at the time of such event shall immediately vest" is deleted in its entirety and replaced with the following sentence: Notwithstanding anything to the contrary, in the event of a "Change in Control" (as defined below), all of Employee's options owned by him at the time of such event shall immediately vest. 2. Except as expressly modified by this Amendment, all of the terms and conditions of the Agreement shall remain in full force and effect. IN WITNESS WHEREOF, the parties have signed this Amendment as of the first date written above. DENDRITE INTERNATIONAL, INC. JOHN E. BAILYE ______________________________________ Name: John E. Bailye Title: President and Chief Executive Officer GEORGE ROBSON ______________________________________ George Robson