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AMENDMENT TO EMPLOYMENT AGREEMENT
DATED
NOVEMBER 11, 2005 BETWEEN
AMERICAN MEDICAL ALERT CORP. AND JACK RHIAN
The parties
hereto hereby enter into this Amendment to the original Employment
Agreement dated November 11, 2005 whereby:
1. Section 4
(b) (i) is deleted from the Agreement and replaced with the
following:
(i) Up to 80,000
shares over the Employment Period based on the Company's earnings
before deduction of interest and taxes ("EBIT"), as set forth in
the Company's audited financial statements for the applicable
fiscal year, meeting or exceeding the following targets:
EBIT growth
over prior fiscal year
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In the event that the minimum EBIT growth
percentage is not met for a particular fiscal year, Employee will
have the opportunity, at his option, to earn back the minimum
performance bonus grant for such fiscal year as follows: by
deducting the EBIT dollar amount from the subsequent fiscal year
sufficient so when added to the prior fiscal year EBIT dollar
amount increase, the EBIT growth percentage for such prior fiscal
year shall equal 15%. Such deducted amount shall reduce the
subsequent fiscal year EBIT dollar amount for purposes of
determining the growth rate in such subsequent fiscal year. (
Note: If in any year there is a one-time non-operating
a
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