Amendment to Employment Agreement between PolyMedica Corporation and Fred H. Croninger, III (January 30, 2004)

Contract Categories: Human Resources › Employment Agreements
Summary

PolyMedica Corporation and Fred H. Croninger, III have agreed to amend Mr. Croninger's Employment Agreement, originally dated September 1, 2003. Effective January 23, 2004, Mr. Croninger's base salary will be increased to $240,000. Both parties have accepted and signed this amendment to formalize the change in compensation terms.

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EX-10.34 5 b50339pcexv10w34.txt EX-10.34 LETTER AGREEMENT(CRONINGER)DATED 1/30/04 EXHIBIT 10.34 January 30, 2004 Fred H. Croninger, III 9 Crestwood Drive Hudson, NH 03051 Re: Amendment of Employment Agreement Dear Skip, This letter agreement serves to amend the Employment Agreement dated as of September 1, 2003, by and between you and PolyMedica Corporation (the "Company"). Salary. The Base Salary, as defined in Section 3.1. of the Employment Agreement, shall be increased to $240,000 effective January 23, 2004. If the foregoing is acceptable to you, please indicate your agreement by signing a copy of this letter agreement and returning it to the undersigned. Very truly yours, /s/ Samuel L. Shanaman ------------------------------------ Samuel L. Shanaman Chairman and Chief Executive Officer ACCEPTED AND AGREED TO: /s/ Fred H. Croninger, III - -------------------------- Fred H. Croninger, III