Amendment to Steve Purello Employment and Compensation Agreement with Workstream, Inc.

Contract Categories: Human Resources › Compensation Agreements
Summary

This amendment updates Steve Purello’s employment agreement with Workstream, Inc. to reflect his promotion to President and CEO, effective March 1, 2008. It also changes his compensation structure, replacing his previous terms with a bonus plan based on working capital goals and the successful closing of a merger. The amendment was approved by the company’s board of directors and accepted by Mr. Purello.

Read More Arrow
EX-10.2 4 v108049_ex10-2.htm
 
 
March 21, 2008

Amendment to Steve Purello’s Compensation Agreement, dated, December 6, 2007 with Workstream:


 
Pursuant to the announcement from Workstream Inc (the “Company”) on March 6, 2008, Mr. Purello’s employment agreement dated December 7, 2007 is amended as follows:
1.
As announced in the March 6, 2008 8K, Mr. Purello’s job title will reflect his recent promotion to President and Chief Executive Officer of Workstream, Inc., effective March 1, 2008.
2.
Mr. Purello’s compensation will be replaced by his current bonus plan with agreed upon Working capital goals and closing the merger.


Approved by the board of Directors on: March 19, 2008
 
   
Michael Mullarkey, Chairman of the Board
Date

 
I accept this amendment at written:
 
 
   
Steve Purello
Date:
   
   
Witness:
  
   
   
   
Name
Date: