Amendment to Employment Agreement between PolyMedica Corporation and Stephen C. Farrell (July 15, 2002)
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Summary
PolyMedica Corporation and Stephen C. Farrell have agreed to extend the term of Mr. Farrell's employment. This amendment changes the end date of his employment period to August 31, 2003. Both parties have accepted the new terms by signing this letter agreement, which further amends their original employment contract and previous amendments.
EX-10.57 7 b43693pcexv10w57.txt EMPLOYMENT AGREEMENT STEPHEN FARRELL EXHIBIT 10.57 July 15, 2002 Stephen C. Farrell 8 Minute Man Lane Lexington, MA 02421 Re: Amendment of Employment Agreement Dear Steve, This letter agreement serves to further amend the Employment Agreement dated as of September 1, 2000, by and between you and PolyMedica Corporation (the "Company"), as amended by certain letter agreements dated as of April 16, 2001; September 24, 2001; October 12, 2001 and May 31, 2002 (together, the "Employment Agreement"). Term of Employment. The Employment Period, as defined in Section 2 of the Amended Executive Employment Agreement, is extended to August 31, 2003. 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/ Stephen C. Farrell - ---------------------------- Stephen C. Farrell
