Employment Agreement - Omtool Ltd. and Robert L. Voelk
[OMTOOL LETTERHEAD]
July 19, 2000
Robert L. Voelk
Omtool, Ltd.
8 Industrial Way
Salem, NH 03079
Dear Robert:
This letter agreement hereby amends as of the date hereof certain
sections of the letter agreement dated December 14, 1999 (the "Agreement") by
and between you and Omtool, Ltd. ("Omtool").
In addition to your service as Chairman of the Board of Directors, you
shall serve in an at will employment capacity with Omtool as the Acting
President and Chief Executive Officer of Omtool. Your rate of salary for the
calendar years of 2000 and 2001 shall be $350,000 per year. Your salary shall
be paid in accordance with Omtool's customary practices as may be established
or modified from time to time. Should you or Omtool decide to end your
relationship as Acting President and Chief Executive Officer of Omtool, your
compensation and responsibilities shall revert to the compensation and
responsibilities contained in the Agreement.
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Except as specifically modified herein, the Agreement is hereby confirmed and
ratified as being in full force and effect. Please countersign and return to
Omtool a signed copy of this letter.
Very truly yours,
OMTOOL LTD.
/s/ Bruce Evans
Bruce Evans
Director
Acknowledged and agreed to as of
this 19th day of July, 2000
Accepted and Agreed to
/s/ Robert L. Voelk
Robert L. Voelk