Amendment to Employment Contract between Optelecom-NKF B.V. and Thomas W. M. Overwijn

Contract Categories: Human Resources › Employment Agreements
Summary

This amendment, effective December 18, 2006, updates the employment contract between Optelecom-NKF B.V. and Thomas W. M. Overwijn. The main change is an increase in Mr. Overwijn's annual gross salary from EUR 105,000 to EUR 115,000, effective January 1, 2007. All other terms of the original employment contract remain unchanged and in effect unless specifically modified by this amendment.

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EX-10.2 3 w28211exv10w2.htm EX-10.2 exv10w2  

Exhibit 10.2
Amendment to Employment Contract
This amendment (this “Amendment”) is entered into as of December 18, 2006 between Optelecom-NKF B.V. (formerly NKF Electronics B.V.), a private limited company incorporated in the Netherlands (the “Company”), and Thomas Wilhelmus Martinus Overwijn (“Executive”).
The parties hereby agree as follows:
  1.   Prior Employment Contract. The parties have previously entered into an employment contract effective April 1, 2005 (the “Agreement”). The parties now wish to amend the Agreement as stated herein.
 
  2.   Amendment: The parties hereby amend Paragraph 2 of Clause 3, Working hours and salary, of the Agreement to increase Executive’s annual gross salary from EUR 105,000 to EUR 115,000, effective as of January 1, 2007.
 
  3.   Continuing Effect of Agreement: The parties hereto agree that the terms and provisions of the Agreement, as amended by this Amendment, shall remain in full force and effect. Except as specifically modified by this Amendment, the terms and provisions of the Employment Agreement shall continue and be binding on the parties hereto. In the event of any conflict between the provisions of the Employment Agreement and the provisions of this Amendment, the provisions of this Amendment shall control. The provisions of the Employment Agreement and this Amendment constitute the entire agreement between the parties concerning the Executive’s employment arrangement with the Company, and may not be amended or modified except by a written agreement between the parties.
To evidence their agreement to the terms of this Amendment, Executive has signed and Company has caused its duly authorized representative to sign this Amendment as of December 18, 2006.
         
Optelecom-NKF B.V.:   Executive:
 
        
By:
        
 
       
 
  Edmund Ludwig   Thomas W. M. Overwijn