Amendment No. 1 to Employment Agreement between iGo, Inc. and Michael D. Heil

Contract Categories: Human Resources › Employment Agreements
Summary

This amendment updates the employment agreement between iGo, Inc. and Michael D. Heil, effective April 10, 2012. The main change is an increase in Mr. Heil's base annual salary to $333,000. All other terms of the original agreement remain in effect unless they conflict with this amendment, in which case the amendment takes precedence.

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EX-10.4 5 d334420dex104.htm AMENDMENT #1 TO EMPLOYMENT AGREEMENT BY AND BETWEEN THE COMPANY AND MICHAEL Amendment #1 to Employment Agreement by and between the Company and Michael

Exhibit 10.4

AMENDMENT #1

TO

EMPLOYMENT AGREEMENT

BY AND BETWEEN

MICHAEL D. HEIL

AND

IGO, INC.

This Amendment #1 to Employment Agreement (“Amendment #1”) is made effective as of April 10, 2012, by and between Michael D. Heil (“Employee”) and iGo, Inc., a Delaware corporation (“Employer”).

RECITALS

 

A. On May 1, 2007, Employee and Employer entered into that certain Employment Agreement (the “Agreement”); and

 

B. Employee and Employer wish to amend the Agreement in accordance with this Amendment #1.

NOW THEREFORE, in consideration of the foregoing recitals and the terms and conditions of this Amendment #1, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Employee and Employer, intending to be legally bound, hereby agree as follows:

 

  1. Amendment to Agreement. Notwithstanding anything in the Agreement to the contrary, effective as of April 10, 2012, Employee’s base annual salary shall be equal to $333,000 per year.

 

  2. Ratification. All terms and conditions of the Agreement are reaffirmed, except where such terms and conditions would conflict with the provisions of this Amendment #1. In such instances, the provisions of this Amendment #1 supersede and replace the conflicting terms and conditions of the Agreement. Except as expressly modified by this Amendment #1, the Agreement shall remain in full force and effect in accordance with its provisions.

IN WITNESS WHEREOF, Representative and iGo have executed this Amendment #1 to be effective as of the date first set forth above.

 

iGo, Inc.      
By:  

/s/ Brian M. Roberts

     By:  

    /s/ Michael D. Heil

Name:   Brian M. Roberts     Michael D. Heil
Title:   Vice President