Addendum to Employment Agreement between CS Financing Corporation and Timothy Redpath
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Summary
This addendum modifies the employment agreement between CS Financing Corporation and Timothy Redpath. Effective for compensation due after March 1, 2009, in calendar year 2009, Mr. Redpath waives his right to all such compensation except for a payment of $1.00 for the remainder of 2009. He also waives any rights to deferred compensation for 2009. The agreement was executed on March 28, 2009, by both parties.
EX-10.25 21 addendumemplyredpath.htm ADDENDUM TO REDPATH EMPLOYMENT AGREEMENT addendumemplyredpath.htm
Addendum
to the
Employment Agreement
between
CS Financing Corporation
and
Timothy Redpath
dated: January 16, 2008
The Company and Executive agree that commencing with any payments of compensation hereunder that become due in calendar year 2009 after March 1, 2009, Executive hereby waives any and all of his rights to such compensation, and such compensation shall not be paid by the Company, except that Executive shall be entitled to receive One United States Dollar ($1.00) from the Company during the remainder of calendar year 2009. In addition, Executive hereby waives any and all of his rights to any compensation for calendar year 2009 that was deferred, and such deferred compensation shall not be paid by the Company.
The parties have duly executed this Addendum on March 28, 2009.
CS Financing Corporation
By: __/s/ Michael Bozora______
Michael Bozora, President
Timothy Redpath
___/s/ Timothy Redpath________
