Amendment to Employment Agreement Between Sharps Compliance Corp. and Claude A. Dance
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Summary
Sharps Compliance Corp. and Claude A. Dance have agreed to amend their original employment agreement dated December 26, 2007. The amendment changes the severance period for termination without cause to nine months. All other terms of the original agreement remain unchanged. The amendment is effective as of November 17, 2011, and was signed by both parties on December 2, 2011.
EX-10.2 3 exhibit10-2execompamenddance.htm EXHIBIT 10.2 DANCE Unassociated Document
Exhibit 10.2
AGREEMENT AMENDMENT
THIS AGREEMENT AMENDMENT (“AMENDMENT”), is made and entered into by and between Sharps Compliance Corp., having its principle office at 9220 Kirby Drive, Suite 500, Houston, TX 77054 (hereinafter referred to as the “Company”), and Claude A. Dance (hereinafter referred to as the “Executive”).
WITNESSETH
For and in consideration of the mutual promises and covenants herein contained, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Company and Executive agree to amend the AGREEMENT between the Company and the Executive dated December 26, 2007, as follows:
Notwithstanding anything to the contrary, the severance period in the TERMINATION WITHOUT CAUSE section is hereby changed to nine (9) months.
IN WITNESSETH WHEREOF, the parties have executed this Agreement the day and year first written below with the amended provisions noted above being effective November 17, 2011.
EXECUTIVE:
____________________
Executive
Date: December 2, 2011
COMPANY:
By: ____________________
Name: Diana P. Diaz
Title: Vice President and Chief Financial Officer
Date: December 2, 2011
