EXTENSION AGREEMENTExtension Agreement |
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CAPTARIS INC | Jeffrey B. deCillia. RealDealDocs™ contains millions of easily searchable legal documents and clauses from top law firms. Search for free - click here. |
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EXHIBIT 10.16
EXTENSION AGREEMENT
This EXTENSION AGREEMENT (this “Agreement”) is made and entered into as of May 23, 2003 by and between Captaris, Inc. (herein “Company”) and Jeffrey B. deCillia (herein “Executive”).
The Company desires to retain the services of Executive to continue in the role of Chief Financial Officer and assist in the transition of the role of Chief Financial Officer (herein “CFO”).
The Executive is agreeable to such extension in exchange for the compensation detailed below.
Timing:
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The Executive agrees to make himself available beginning July 1, 2003 to assist the Company in this transition. |
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Company recognizes that Executive was taking out of town vacation from August 4 to August 14, 2003. Given that Executive will need to be available to aid in the preparation and filing of the second quarter 2003 10Q, Company will consider this time period as Executive working remotely in recognition of Executive making himself available to assist in this filing effort. |
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The extension period
continues until term
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