Amendment to Executive Employment Agreement between Sharps Compliance Corp. and David P. Tusa

Summary

Sharps Compliance Corp. and David P. Tusa have agreed to amend Mr. Tusa's executive employment agreement. Effective August 19, 2005, his base salary is increased to $9,615.38 per pay period. The amendment also guarantees Mr. Tusa at least twelve months of severance pay and benefits if his employment ends under the terms specified in the agreement. All other terms of the original agreement remain unchanged.

EX-10.1 2 a4957277ex101.txt EXHIBIT 10.1 Exhibit 10.1 EXECUTIVE EMPLOYMENT AGREEMENT AMENDMENT THIS EMPLOYMENT AGREEMENT AMENDMENT ("AGREEMENT"), is made and entered into by and between Sharps Compliance Corp., having its principle office at 9350 Kirby Drive, Suite 300, Houston, TX 77054 (hereinafter referred to as the "Company"), and David P. Tusa (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 Executive's original executive employment agreement, dated July 14, 2003 and amended on October 1, 2004 (effective June 21, 2004), as follows: The Base Salary referred to in Article 1.3.1 (as amended) of $8,653.85 per pay period is hereby changed to $9,615.38. Notwithstanding anything to the contrary, Executive is entitled to no less than twelve (12) month's severance-related pay and benefits under Article 2 of the Agreement. IN WITNESS WHEREOF, the parties have executed this Agreement the day and year first written below with the amended provisions noted above being effective August 19, 2005. EXECUTIVE: /s/ David P. Tusa - ----------------- Executive Date: August 19, 2005 COMPANY: /s/ Burton J. Kunik - ------------------- Name: Burton J. Kunik Title: Chairman & Chief Executive Officer Date: August 19, 2005 ---------------