Amendment Contract Clauses (38,017)

Amendment. This Agreement cannot be altered or amended except in writing signed by you and the CEO or President of the Edesa Entities.

Amendment. Section 3.1 of the Employment Agreement is hereby deleted in its entirety and replaced with the following: "3.1 Base Salary. During the Term of Employment, the Executive shall initially receive a base salary per annum of Four Hundred Thousand Dollars ($400,000), payable in cash in accordance with the Company's normal payroll practices as in effect from time to time. During the Term of Employment, the Board may periodically review the Executive's base salary and the Board (excluding the... Executive) may, in its sole discretion, set such base salary to an amount it determines to be appropriate, provided, however, that any reduction will qualify as Good Reason under Section 1.11. The Executive's base salary, as may be in effect from time to time, is referred to herein as "Base Salary." View More

Amendment. The fourth sentence of Section 3(a)(iii) is hereby deleted in its entirety and replaced with the following: "In addition, the Board may, in its sole discretion, award the Executive a cash performance bonus (the "Performance Bonus") equal to approximately 30% of his then outstanding Base Salary at the end of each year in addition to an equity bonus in the sole discretion of Board, with the actual amount of any such bonus increased or decreased in the sole discretion of the Board."