Amendment to Employment Agreement between PolyMedica Corporation and Stephen Farrell (October 12, 2001)

Summary

PolyMedica Corporation and Stephen Farrell have agreed to amend Farrell's existing Employment Agreement. Effective October 1, 2001, Farrell's base salary will be increased to $167,000. This amendment is formalized through this letter, which both parties have signed to confirm their acceptance of the new salary terms.

EX-10.44 11 b40923pcex10-44.txt LETTER AMENDMENT TO AGREEMENT WITH STEPHEN FARRELL EXHIBIT 10.44 October 12, 2001 Re: Amendment of Employment Agreement Dear Stephen, 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 December 14, 2000, April 16, 2001, and September 24, 2001 (together, the "Employment Agreement"). Salary. The Base Salary, as defined in Section 3.1. of the Employment Agreement, shall be increased to $167,000 effective October 1, 2001. 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