First Amendment to Employment Agreement between Michael Prince and Signature Eyewear, Inc.

Contract Categories: Human Resources › Employment Agreements
Summary

This amendment updates the employment agreement between Michael Prince and Signature Eyewear, Inc. It extends the term of employment to August 31, 2010, and increases Mr. Prince's base annual salary from $240,000 to $275,000, effective August 1, 2005, with annual reviews by the Board. All other terms of the original agreement remain unchanged. The amendment is signed by Michael Prince and members of the Compensation Committee.

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EX-10.8 2 exh10-8_14102.txt EMPLOYMENT AGREEMENT EXHIBIT 10.8 ------------ SIGNATURE EYEWEAR [LOGO] The following is the 1st amendment to the employment agreement between Michael Prince and Signature Eyewear, Inc. dated April 21, 2003 and should be attached to the original agreement. Section 2 - The term of the employment agreement is amended to end of August 31, 2010 Section 4.1 - The Base Annual salary shall be increased from $240,000 to $275,000. Effective August 1, 2005 and per the agreement reviewed annually by the Board. All other terms and conditions remain the same. /s/ Ed Meltzer 10/3/05 - ----------------------- ----------------------- Ed Meltzer Date: Chairman Compensation Committee /s/ Ted Pasternack 9/24/05 - ----------------------- ----------------------- Ted Pasternack Date: Compensation Committee Member /s/ Michael Prince 10/6/05 - ----------------------- ----------------------- Michael Prince Date: Chief Executive Officer