Addendum to Employment Agreement between OptimizeRx Corporation and William Febbo (March 10, 2020)
This addendum updates the employment agreement between OptimizeRx Corporation and William Febbo. It increases Mr. Febbo's base salary to $350,000 for 2020 and $400,000 for 2021, effective January 1 of each year. All other terms of the original agreement remain unchanged. The addendum is signed by both parties and dated March 10, 2020.
Exhibit 10.4
Employment Agreement Addendum I
Addendum to agreement dated September 10, 2018
This first addendum to the employment agreement (the “Addendum”) is made this 10th day of March 2020, by and between OptimizeRx, Corporation (the “Company”), a Nevada Company, and William Febbo (the “Executive”).
Base Salary: The Executive will receive a base salary at the annualized rate of $350,000.00 (“Base Salary”), for 2020 and $400,000.00 for 2021 calendar year, which will be paid in accordance with normal Company payroll practices and subject to the usual and applicable required withholding(s).
Effective Date: January 1, 2020 & January 1, 2021
Acknowledgment:
Except as expressly set forth herein, all other terms of the Agreement remain in full force and effect.
OptimizeRx, Corporation | William Febbo | |||
By: | Douglas P. Baker | By: | William Febbo | |
Its: | Chief Financial Officer | Date: | March 10, 2020 | |
Date: | March 10, 2020 |