Fourth Amendment to Management Services Agreement between Luminex Corporation and Thomas W. Erickson

Summary

Luminex Corporation and Thomas W. Erickson have amended their Management Services Agreement, extending Erickson's management services from April 1 to June 30, 2004. The Company may terminate the agreement with ten days' notice if a full-time CEO is hired. Erickson will continue to receive the same cash compensation and will be granted an additional option to purchase 37,500 shares of Luminex common stock, with vesting over three months. All other terms of the original agreement remain unchanged.

EX-10.19 4 g87790exv10w19.txt EX-10.19 MANAGEMENT SERVICES AGREEMENT AMENDMENT EXHIBIT 10.19 FOURTH AMENDMENT TO THE MANAGEMENT SERVICES AGREEMENT THIS FOURTH AMENDMENT TO THE MANAGEMENT SERVICES AGREEMENT dated August 12, 2002 is entered into and effective this 12th day of March, 2004 by and between Luminex Corporation, a Delaware corporation (the "Company") and Thomas W. Erickson ("Erickson"). WHEREAS, the Company and Erickson desire to continue the management services delivered pursuant to the Management Services Agreement dated August 12, 2002 (the "Agreement"). NOW, THEREFORE, the parties execute this Fourth Amendment to the Agreement: 1. The substantive terms, covenants and agreements shall continue for a Term from April 1 through June 30, 2004. Notwithstanding any other term of the Agreement, the Company shall be permitted to terminate this Agreement upon ten (10) days prior written notice in the event the Company hires a full-time Chief Executive Officer. 2. Cash compensation shall continue at the same rate for Erickson's services hereunder. 3. An additional option grant of 37,500 shares of the Company's common stock shall be granted on the date of this agreement pursuant to the terms and conditions of the Option Agreement to be executed simultaneously herewith, in the form attached hereto as Exhibit A (the "Option Agreement"). Notwithstanding the foregoing, the exercise price per share shall be equal to the closing sale price on the date of grant and vesting shall occur in one third increments on the last day of each month of April through June, 2004, all as set forth in the Option Agreement. All other terms of the Agreement shall continue and all capitalized terms not otherwise defined will have such meaning as set forth in the Agreement. IN WITNESS WHEREOF, this Fourth Amendment is executed by the parties as of the effective date set forth above. LUMINEX CORPORATION Thomas W. Erickson By: /s/ Harriss T. Currie /s/ Thomas W. Erickson -------------------------------- ----------------------------------- Title: Chief Financial Officer Luminex Confidential