Modificationsto Terms of Employment with Dr. Robert I. Rudko
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Human Resources
- Employment Agreements
EX-10.21 4 a09-1390_1ex10d21.htm EX-10.21
EXHIBIT 10.21
Modifications to Terms of Employment with Dr. Robert I. Rudko
On April 1, 2008, Dr. Robert I. Rudko, a director and Chief Scientific Officer of PLC Systems Inc. (the “Company”), transitioned from being a full-time employee of the Company to being a part-time employee. Dr. Rudko currently works approximately 7.75 hours per week and is compensated by the Company at a rate of $103.10 per hour (which is equal to Dr. Rudko’s previous annual salary of $214,454, divided by 52 weeks per year, divided by 40 hours per week). As a result of his part-time status, Dr. Rudko is not eligible to receive a bonus. In addition, Dr. Rudko’s annual car allowance has been reduced to $1,200 per annum.
