First Amendment to Amended and Restated Employment Agreement, by and between NAI and Kenneth E. Wolf, effective July 1, 2018

EX-10.02 3 ex_126962.htm FIRST AMENDMENT TO AMENDED AND RESTATED EMPLOYMENT AGREEMENT, BY AND BETWEEN NAI AND KENNETH E. WOLF, EFFECTIVE JULY 1, 2018 ex_126962.htm

Exhibit 10.02

 

First Amendment to

Amended and restated EMPLOYMENT AGREEMENT

 

This First Amendment (“Amendment”) to the Amended and Restated Employment Agreement by and between Natural Alternatives International, Inc., a Delaware corporation (“Company”), and Kenneth E. Wolf (“Employee”), dated effective as of October 1, 2015 (“Agreement”), is made and entered into effective as of July 1, 2018. Unless otherwise defined herein, capitalized terms shall have the meanings given them in the Agreement.

 

1.      Pursuant to Section 4(a) of the Agreement, Employee’s base salary is hereby increased to Four Hundred Thousand dollars ($400,000) per year.

 

2.     Except as set forth herein, all other terms and conditions of the Agreement shall remain in full force and effect.

 

IN WITNESS WHEREOF, the undersigned have executed this Amendment as of September 20, 2018.

 

 

EMPLOYEE

 

 

/s/ Kenneth E. Wolf                     

Kenneth E. Wolf

 

 

COMPANY

 

Natural Alternatives International, Inc.,

a Delaware corporation

 

 

/s/ Mark LeDoux                    

Mark LeDoux, Chief Executive Officer