EX-10 2 f10qmarch2001exb10_3.txt EXHIBIT 10.3 - EMPLOYMENT AGREEMENT Exhibit 10.3 - Employment Agreement AMENDMENT NO. 6 TO EMPLOYMENT AGREEMENT THIS AMENDMENT NO. 6 TO EMPLOYMENT AGREEMENT (the "Amendment") is made and entered into at Santa Barbara, California, on the date hereinafter set forth by and between JOHN M. PHILPOTT (hereinafter referred to as the "Employee") and MIRAVANT MEDICAL TECHNOLOGIES, a Delaware Corporation (hereinafter referred to as the "Employer"). WHEREAS: A. The Employer and the Employee are parties to an Employment Agreement effective as of March 20, 1995, and Amendments No. 1 through 5 thereto (the "Employment Agreement"). B. The parties hereto wish to amend the Employment Agreement in certain respects. NOW, THEREFORE, in consideration of the premises, promises and representations hereinafter contained, it is agreed as follows: 1. For years commencing on January 1, 2001, and thereafter, the employee compensation on Exhibit A to the Employment Agreement will be amended by written resolution adopted by the Compensation Committee of the Board of Directors of the employer. 2. In all other respects, the Employment Agreement is hereby ratified, confirmed and approved in its entirety. SIGNATUARES ON NEXT PAGE IN WITNESS WHEREOF, the parties hereto have executed this Amendment on this 16th day of January, 2001. EMPLOYER: MIRAVANT MEDICAL TECHNOLOGIES a Delaware Corporation By: /s/ Gary S. Kledzik, Ph.D. ------------------------------- Gary S. Kledzik, Ph.D. C.E.O. and Chairman EMPLOYEE: /s/ John M. Philpott --------------------------------- John M. Philpott