Amendment to Executive Employment Agreement between PolyMedica Corporation and Eric G. Walters (July 15, 2002)

Summary

PolyMedica Corporation and Eric G. Walters have agreed to extend the term of Mr. Walters' executive employment agreement. The new end date for his employment period is February 28, 2004. This amendment is effective upon Mr. Walters' acceptance and signature. All other terms of the original and previously amended agreements remain unchanged.

EX-10.55 5 b43693pcexv10w55.txt EMPLOYMENT AGREEMENT ERIC WALTERS EXHIBIT 10.55 July 15, 2002 Mr. Eric G. Walters 167 Monument Street Concord, MA 01742 Re: Amendment to Executive Employment Agreement Dear Eric, This letter agreement serves to further amend the Amended Executive Employment Agreement dated as of April 1, 2001, by and between you and PolyMedica Corporation. (the "Company") as amended on June 8, 2001, September 25, 2001 and May 31, 2002 (together, the "Executive Employment Agreement"). Term of Employment. The Employment Period, as defined in Section 2 of the Amended Executive Employment Agreement, is extended to February 28, 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/ Steven J. Lee ------------------------------------ Steven J. Lee Chairman and Chief Executive Officer ACCEPTED AND AGREED TO: /s/ Eric G. Walters - ---------------------------- Eric G. Walters