Amendment to Change of Control Severance Agreement between Nabi and David J. Gury

Summary

This amendment, effective December 11, 2000, modifies the existing Change of Control Severance Agreement between Nabi and David J. Gury. It increases the severance benefit in Section 2(d) from 75% to 100% in the event of a change of control, as previously defined. All other terms of the original agreement remain unchanged. The amendment is signed by both parties, confirming their agreement to this change.

EX-10.35 7 g67343ex10-35.txt CHANGE IN CONTROL ADDENDUM 1 EXHIBIT 10.35 NABI - -------------------------------------------------------------------------------- 5800 PARK OF COMMERCE BOULEVARD, N.W. BOCA RATON, FL 33487 EFFECTIVE AS OF DECEMBER 11, 2000 Mr. David J. Gury 2360 N.W. 43rd Street Boca Raton, FL 33431 Dear Dave: Reference is made to the letter agreement dated September 18, 1998 between you and the undersigned pursuant to which you will receive compensation and other benefits under certain circumstances in the event of a Change of Control as defined in such agreement (the Change of Control Severance Agreement). This will confirm that Section 2(d) of the Change of Control Severance Agreement is hereby amended to replace the words "Seventy-five percent (75%)" with the words "One Hundred Percent (100%)". In all other respects, the Change of Control Severance Agreement shall remain in full force and effect. Very truly yours, Nabi By /s/ THOMAS H. MCLAIN --------------------------------- Name: Thomas H. McLain Title: Sr. VP Corporate Services and CFO Agreed: /s/ DAVID J. GURY - ------------------------- Name: David J. Gury Title: President and CEO