Amendment to Employment Agreement between InterDent, Inc. and L. Theodore Van Eerden

Summary

This amendment updates the employment agreement between InterDent, Inc. and L. Theodore Van Eerden, changing his position from Chief Development Officer to Chief Financial Officer while retaining his roles as Executive Vice President and Secretary. It also grants Mr. Van Eerden the right to receive a $60,000 cash bonus if he remains employed through December 31, 2002, and another $60,000 bonus if employed through December 31, 2003. If his employment ends before these dates, the bonuses are not paid. All other terms of the original agreement remain unchanged.

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EX-10.4.2 11 ex1042.txt AMENDMENT TO VAN EERDEN EMPLOYMENT CONTRACT Exhibit 10.4.2 AMENDMENT TO EMPLOYMENT AGREEMENT This Amendment to Employment Agreement ("Amendment") is entered into effective as of October 11, 2001 between InterDent, Inc., a Delaware corporation (the "Company"), and L. Theodore Van Eerden ("Employee"). RECITALS The Company and Employee are parties to an Employment Agreement dated March 11, 1999 (the "Agreement") pursuant to which Employee has served as the Company's Chief Development Officer, Executive Vice President and Secretary. The parties desire to amend the Agreement to reflect Employee's change in position from Chief Development Officer to Chief Financial Officer. In addition, to encourage Employee to remain in the employ of the Company, the Company desires to grant Employee certain rights to receive cash bonuses. NOW, THEREFORE, in consideration of the mutual covenants contained herein and in the Agreement, the parties agree as follows: 1. Change in Position. Sections 2 and 8(c) of the Agreement are hereby amended to change the reference to Employee's positions in the Company from Chief Development Officer, Executive Vice President and Secretary to Chief Financial Officer, Executive Vice President and Secretary. 2. Retention Bonuses. If Employee is employed by the Company on December 31, 2002, the Company shall pay Employee a bonus equal to $60,000 (subject to applicable tax withholding) no later than January 10, 2003. If Employee is employed by the Company on December 31, 2003, the Company shall pay Employee a bonus equal to $60,000 (subject to applicable tax withholding) no later than January 10, 2004. If Employee's employment with the Company is terminated for any reason, with or without cause or good reason, prior to December 31, 2002 or December 31, 2003, as applicable, the retention bonuses set forth in this Section 2 shall not be payable. 3. No Further Changes. Except as expressly provided in this Amendment, the Agreement is not otherwise modified and remains in full force and effect. IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the day and year first above written. INTERDENT, INC. By H. WAYNE POSEY ------------------------------------ Title Chairman and CEO EMPLOYEE L. THEODORE VAN EERDEN L. Theodore Van Eerden