Amendment to Employment Agreement Between Barry Pardon and Techdyne, Inc. (April 5, 2002)

Summary

This amendment updates the employment agreement between Barry Pardon and Techdyne, Inc. It changes the terms for Barry Pardon's annual bonus, stating that the bonus amount is now fully at the discretion of the company's Chairman and CEO. The bonus will consider both the company's financial performance and Mr. Pardon's performance as President. Any bonus awarded will be paid by March 31 each year, either in cash or company stock.

EX-10.(III)(A) 3 ex10iii.txt EXHIBIT 10(III)(A) EXHIBIT 10(iii)(a) Amendment The following clause will replace the existing clause 3(b) in the Employment Agreement between Barry Pardon and Techdyne, Inc. dated 27th September 2000: (b) In addition to the base salary as provided in paragraph 3(a), the Company may pay the Executive an annual bonus. The amount of such annual bonus will be determined entirely at the discretion of the Chairman and Chief Executive Officer of the Company and will take account of the financial performance of the Company in its most recent financial year and the performance of the Executive in his role as President of the Company in the same period. Such bonus, if any, shall be paid no later than 31st March of each year and will be in the form of either cash or shares of Common Stock in the Company. 5 April 2002 ATTEST: TECHDYNE, INC WITNESS /s/ Ian Durie By /s/ Samuel J. Russell - --------------------------- ---------------------------------- SAMUEL J RUSSELL, Chairman of the Board and Chief Executive Officer WITNESS EXECUTIVE /s/ Roxie Alvarez /s/ Barry Pardon - ------------------ ------------------------------------ BARRY PARDON