Amendment to Employment Agreement between SFBC International, Inc. and David Natan
SFBC International, Inc. and David Natan have agreed to amend their existing employment agreement. The changes extend Mr. Natan's employment term through March 31, 2008, and increase his severance compensation in the event of termination without cause or for good reason to the greater of 18 months' base salary or the remaining base salary due for the contract term. All other terms of the original agreement remain unchanged.
Exhibit 10.1
11190 Biscayne Blvd.
Miami, FL 33181
(305) 895-0304
December 12, 2005
Mr. David Natan
11190 Biscayne Blvd.
Miami, FL 33181
Dear Mr. Natan:
This letter agreement amends that certain employment agreement between you and SFBC International, Inc. (the Company) dated May 20, 2005 (the Employment Agreement).
1. Effective immediately, the Term of Employment referenced in Section 2(a) of the Employment Agreement is extended through March 31, 2008.
2. Effective immediately, the payment of compensation due under Section 6(c) Termination without Cause or Termination for Good Reason of the Employment Agreement is changed from compensation equal to one years base salary to compensation equal to the greater of 18 months base salary or the base salary due for the remainder of the Term.
We each acknowledge that in all other respects, the terms and conditions of the Employment Agreement remain in full force and effect. Please indicate your agreement with the foregoing by signing below.
Sincerely, | ||
SFBC International, Inc. | ||
By: | /s/ ARNOLD HANTMAN | |
Arnold Hantman |
Acknowledged and agreed
This 12 day of December, 2005
______________________
David Natan