Amendment to Jay Markell Separation Agreement between Workstream and Jay Markell

Contract Categories: Human Resources › Separation Agreements
Summary

This amendment updates the separation agreement between Workstream and Jay Markell, the company's Chief Financial Officer. It changes the date of Mr. Markell's last day of work to coincide with the filing of Workstream's 10Q for fiscal year 2009, second quarter. Severance payments will begin on January 30, 2009. All other terms of the original agreement remain unchanged and enforceable.

Read More Arrow
EX-10.1 2 v137655_ex10-1.htm Unassociated Document
 

 
 
January 16, 2009


AMENDMENT TO JAY MARKELL’S SEPARATION AGREEMENT

This amendment modifies paragraph 1 of Workstream’s Separation Agreement executed on December 23, 2008 with Jay Markell, Chief Financial Officer for Workstream and extends Jay Markell’s last day worked to the date of the filing of the 10Q for FY09 Q2.  Payment for severance will begin on January 30th, 2009.

With the exception of the paragraph modification listed in this amendment, the remainder of the agreement remains unchanged and enforceable.

I agree to the terms of this amendment.
 
         
/s/ Jay Markell  
    
 
  
Jay Markell  
 Date      
 
    
 
  
 
         
/s/ Stephen J. Purello
        
Stephen J. Purello, President/CEO