Amendment to Employment Agreement between MassRoots, Inc. and Isaac Dietrich
MassRoots, Inc. and Isaac Dietrich have amended their employment agreement, originally dated April 1, 2014. Effective April 1, 2015, Isaac Dietrich's annual base salary is set at $90,000, to be paid according to the company's standard payroll practices and subject to required tax withholdings. The company will review his salary as part of its normal procedures. This amendment recognizes Dietrich's strong performance and updates the compensation terms accordingly.
Exhibit 10.4
AMENDMENT TO employment agreement
THIS AMENDMENT TO THE EMPLOYMENT AGREEMENT DATED APRIL 1, 2014 is made and entered into as of March 31, 2015, by and between MassRoots, Inc. (the “Company”), and Isaac Dietrich (the “Employee”).
R E C I T A L S
WHEREAS, the Company and Employee entered into an Amended Employment Agreement on April 1, 2014.
WHEREAS, the Company has determined the Employee has routinely exceeded key performance metrics in his area of operations.
NOW, THEREFORE, be it resolved that Section 5 (a) of the Employment Agreement dated April 1, 2014 be amended effective April 1, 2015 to state:
(a) Employee shall receive an annual salary of ninety thousand dollars ($90,000) (“Base Salary”) paid in accordance with the Company’s normal payroll practices. The Company may make such deductions, withholdings or payments from sums payable to Employee hereunder which are required by law for taxes and similar charges. The Company will review Employee’s base salary in accordance with the Company’s normal payroll procedures.
IN WITNESS WHEREOF, Employee and the Company have executed this Employment Agreement as of the day and year first above written.
By: /s/ Isaac Dietrich Name: Isaac Dietrich Title: Chairman and CEO | |
| By: /s/ Isaac Dietrich | |
| Employee Signature |
