Employment Agreement Amendment between the Company and Joseph Laezza dated November 24, 2008

EX-10.5 10 glow105.htm EXHIBIT 10.5 THIRD AMENDED AND RESTATED EMPLOYMENT AGREEMENT

Exhibit 10.5


SECOND EMPLOYMENT AGREEMENT AMENDMENT


This Second Employment Agreement Amendment (this "Amendment"), dated November 24, 2008, is by and between Glowpoint, Inc., a Delaware corporation (hereinafter "Glowpoint"), and Joseph Laezza (hereinafter "Employee").  Capitalized terms used but not otherwise defined in this Amendment shall have the meanings set forth in the Employment Agreement (as defined below).


WHEREAS, Employee and Glowpoint entered into an Employment Agreement on March 11, 2004, as amended May 15, 2007 (as amended, the “Employment Agreement”);


WHEREAS, Employee became the Company’s President on June 7, 2008, in addition to his position as Chief Operating Officer; and


WHEREAS, the Employee’s employment term is currently scheduled to expire on January 1, 2009; and


WHEREAS, the Company wishes to extend Employee’s employment term, and Employee wishes to continue to work for Company;

NOW, THEREFORE, in consideration of the mutual covenants set forth herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

1.

Term; Position.  The Employment Agreement is hereby amended to (x) delete “for the two year period commencing as of January 1, 2007” in the first sentence of Section 1.1 and replace it with “until January 31, 2011” and (y) replace all references to “Chief Operating Officer” with “President and Chief Operating Officer”.


2.

Entire Agreement.  This Amendment is the final, complete and exclusive agreement between the Parties relating to the subject matter hereof, and supersedes all prior or contemporaneous proposals, understandings, representations, warranties, promises and other communications, whether oral or written, relating to such subject matter.  Unless specifically amended by this Amendment, all terms of the Employment Agreement remain unchanged and are in full force and effect.  If any provision of the Employment Agreement, as amended by this Amendment, is held by a court of competent jurisdiction to be unenforceable for any reason, the remaining provisions hereof shall be unaffected and remain in full force and effect.


In Witness Whereof, the parties have duly executed this Agreement as of the date first written above.  


Glowpoint, Inc.

 

 

By:

/s/ MICHAEL BRANDOFINO

 

 

/s/ JOSEPH LAEZZA

 

Michael Brandofino, CEO

 

 

Joseph Laezza