Amendment to Employment Contract

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