Attached files
file | filename |
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EX-10.2 - AMENDMENT TO EMPLOYMENT AGREEMENT - IMAGEWARE SYSTEMS INC | ex10-2.htm |
8-K - CURRENT REPORT - IMAGEWARE SYSTEMS INC | iwsy8k_01302019.htm |
Exhibit
10.1
Eleventh
Amendment
to
Employment Agreement
This Eleventh Amendment to Employment
Agreement (the "Eleventh
Amendment"), is being entered into effective January 30, 2019 by
and between ImageWare Systems, Inc., a Delaware corporation (the
"Company") and Mr. S. James Miller, Jr. (the
"Executive").
WHEREAS, the Company and Executive entered into an
Employment Agreement dated as of September 27, 2005 and
subsequently amended on September 27, 2008, April 6, 2009, December
10, 2009, March 10, 2011, January 31, 2012, November 1, 2013,
January 9, 2015, December 14, 2015, October 20, 2016 and on
September 12, 2017 (as amended, the "Employment
Agreement");
WHEREAS, the Executive continues to perform valuable
services for the Company and the Company desires to assure itself
of the continuing services of Executive; and
WHEREAS, in consideration of the foregoing and in order
to amend the terms of the Agreement and to provide for the
continued services of the Executive in accordance with the present
intent of the Company and the Executive.
NOW
THEREFORE, in consideration of
the foregoing and for other good and valuable consideration,
receipt of which is hereby acknowledged, and in further
consideration of the mutual covenants contained in the Employment
Agreement, the parties do hereby agree that the Employment
Agreement is hereby amended as follows:
1.
Section "2. Term
of Agreement” strike the
language "continue until December 31, 2018" and replace it with
"continue until December 31, 2019".
2.
Except
as expressly amended herein, the Employment Agreement shall
continue and be in full force in all respects.
/s/ David
Carey
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/s/ S. James
Miller, Jr.
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ImageWare Systems,
Inc.
By: David Carey,
Chaiman of
Compensation
Committee on behalf of
IWS Board of
Directors
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S. James Miller,
Jr.
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