Amendment to Employment Agreement between SFBC International, Inc. and David Natan

Summary

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.

EX-10.1 2 exhibit101.htm MATERIAL CONTRACTS SFBC INTERNATIONAL, INC

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 year’s 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
Chief Executive Officer

Acknowledged and agreed

This 12 day of December, 2005



______________________

David Natan