First Amendment to Executive Retention Agreement between Meade Instruments Corp. and Paul E. Ross
Meade Instruments Corp. and Paul E. Ross have agreed to amend their existing Executive Retention Agreement. This amendment, effective November 15, 2008, extends the agreement's termination date to March 31, 2009. All other terms and conditions of the original agreement remain unchanged. The amendment is signed by both parties to confirm their acceptance of these changes.
Exhibit 10.115
FIRST AMENDMENT TO EXECUTIVE RETENTION AGREEMENT
This First Amendment to Executive Retention Agreement (“Amendment”) is entered into as of November 15, 2008, by and between Meade Instruments Corp. (the “Company”) and Paul E. Ross (“Executive”).
WHEREAS, the Company and Executive have entered into that certain Executive Retention Agreement, dated as of January 10, 2008 (“Executive Retention Agreement”); and
WHEREAS, the Company and Executive desire to amend the Executive Retention Agreement as set forth below.
For good and valuable consideration, the parties agree as follows:
Section 1. All defined terms not otherwise defined herein shall have the meanings set forth in the Executive Retention Agreement.
Section 2. The Termination Date set forth in Section 5 of the Executive Retention Agreement shall be changed to March 31, 2009 and the Term of the Executive Retention Agreement shall be extended until such Termination Date.
Section 3. Unless otherwise specifically set forth herein, all other terms and conditions of the Executive Retention Agreement shall remain as originally set forth therein.
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
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| MEADE INSTRUMENTS CORP. | |
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| By: | /s/ Steven L. Muellner |
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| Its: | President and |
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| Chief Executive Officer |
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| EXECUTIVE | |
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| /s/ Paul E. Ross |
