EX-10.14 2 l87012aex10-14.txt EXHIBIT 10.14 1 EXHIBIT 10.14 AMENDMENT TO EMPLOYMENT AGREEMENT AGREEMENT dated as of May 15, 2000 between __________________("Employee") and Chemed Corporation (the "Company"). WHEREAS, Employee and the Company have entered into an Employment Agreement dated as of May 2, 1988 and amended May 15, 1989, May 21, 1990, May 20, 1991, May 18, 1992, May 17, 1993, May 16, 1994, May 15, 1995, May 20, 1996, May 19, 1997, May 18, 1998, and May 17, 1999 ("Employment Agreement"); and WHEREAS, Employee and the Company desire to further amend the Employment Agreement in certain respects. NOW, THEREFORE, Employee and the Company mutually agree that the Employment Agreement shall be amended, effective as of May 15, 2000, as follows: A. The date, amended as of May 17, 1999, set forth in section 1.2 of the Employment Agreement, is hereby deleted and the date of ___________ is hereby substituted therefor. B. The base salary amount set forth in the first sentence of Section 2.1 of the Employment 2 Agreement is hereby deleted and the base salary amount of $_______ per annum is hereby substituted. C. The amount of unrestricted stock award recognized in lieu of incentive compensation in 1999 is $______. Except as specifically amended in this Amendment to Employment Agreement, the Employment Agreement, as amended, shall continue in full force and effect in accordance with its terms, conditions and provisions. IN WITNESS WHEREOF, the parties have duly executed this amendatory agreement as of the date first above written. EMPLOYEE ------------------------------- CHEMED CORPORATION ------------------------------- ATTEST 3 SCHEDULE TO EXHIBIT 10.14 Minimum Current Annual Current(a) Expiration Base Salary Stock Award Date of Name and Position and Bonus Compensation Agreement ----------------- --------- ------------ --------- Edward L. Hutton $629,820 $252,128 5/3/2002 Chairman and 582,165 Chief Executive Officer Kevin J. McNamara 347,145 77,341 5/3/2005 President 204,439 Timothy S. O'Toole 216,165 56,581 5/3/2005 Executive Vice President 78,797 and Treasurer Spencer S. Lee 223,040 37,827 5/19/2003 Executive Vice President 117,000 John M. Mount 250,260 27,127 5/3/2003 Vice President 72,000 Sandra E. Laney 213,495 55,771 5/3/2005 Senior Vice President and 196,223 Chief Administrative Officer Thomas C. Hutton 198,175 26,760 5/3/2005 Vice President 46,669 Arthur V. Tucker 129,270 23,810 5/3/2005 Vice President and Controller 56,349 Rick L. Arquilla 203,600 36,270 5/19/2003 President & COO of Roto-Rooter 97,000 Services Company/Director ---------------------------- (A) Amount of unrestricted stock award recognized in lieu of incentive compensation in 1999.