EX-10.3
from 10-Q
1 page
June 5, 2013 [Name] [Address] Re: Temporary Reduction of Your Base Salary Dear , This Letter Agreement Hereby Amends Your Employment Agreement With Ambient Corporation (“Ambient”) Dated June 2, 2008 (“Employment Agreement”). Effective May 31, 2013 and Continuing Through No Later Than December 31, 2013, You Agree That Your Current Base Salary of $ Will Be Reduced by Fifteen Percent (15%) to $ . Notwithstanding the Foregoing, in the Event That: (I) Your Services With Ambient Terminate Prior to December 31, 2013 and You Become Eligible for Continuation of Base Salary Pursuant to Paragraph 6 (C) of the Employment Agreement, Such Salary Continuation Will Be Based on Your Base Salary of $ , and Not the Reduced Base Salary Described Above, Or
12/34/56