EXHIBIT 10(s)
AMENDMENT NO. 1 TO EMPLOYMENT AGREEMENT
This Amendment is made as of the 1st day of March, 1996, by and between Gerald N. Agranoff (hereafter "Officer") and DATAPOINT CORPORATION, both of whom are located at 8400 Datapoint Drive, San Antonio, Texas 78229-8500 (hereafter "Datapoint"), to modify the prior agreement of the parties dated October 1, 1994 (hereafter "Agreement").
1. Effect. In the event of any conflict between the terms of the Agreement
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and this Amendment, the terms of this Amendment shall prevail.
2. Salary. Section 3 of the Agreement is amended as follows:
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"Officer's salary shall be a minimum of Two Hundred Thousand U.S. dollars
($200,000) per year, payable bi-weekly in arrears effective as of the 1st
day of March, 1996."
Intending to be bound, the parties hereunto set their hands.
OFFICER DATAPOINT CORPORATION
/s/ Gerald N. Agranoff /s/ Asher B. Edelman - ---------------------- -----------------------------
Gerald N. Agranoff Asher B. Edelman,
Chairman of the Board
DATAPOINT CORPORATION
Performance Bonus Criteria for
Gerald N. Agranoff
for
Fiscal Year Ending July, 1996
Sale of auto business $50,000.
Successful negotiation of significant issues $25,000.
Patent defense $15,000.
Reduction of legal expenses per plan $10,000.
/s/ Gerald N. Agranoff /s/ Asher B. Edelman - -------------------------- -------------------------
Gerald N. Agranoff Asher B. Edelman,
Chairman of the Board
EMPLOYMENT AGREEMENT
This Agreement ("Agreement"), shall govern the employment of Gerald N. Agranoff ("officer") as General Counsel and Corporate Secretary of Datapoint Corporation ("Datapoint"), a Delaware Corporation with a principal place of business at 8400 Datapoint Drive, San Antonio, Texas 78229-8500. this Agreement shall be for employment effective October 1, 1994.
1. Position. The parties agree that the Officer is employed as General
Counsel and Corporate Secretary of Datapoint. Officer shall report to the
Chairman and President, and shall devote such time and attention to the
duties of General Counsel and Corporate Secretary as they shall direct.
Datapoint understands and acknowledges that Officer may engage in other
activities either as an employee or principal ...
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