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FORM OF FIRST AMENDMENT TO THE
EMPLOYMENT AGREEMENT FOR RICHARD F. RUTKOWSKI
This First Amendment to the Employment Agreement for Richard F.
Rutkowski, effective as of April 18, 2000, is by and between Microvision, Inc.,
a Washington corporation (the "Company"), and Richard F. Rutkowski (the
"Executive").
WHEREAS, Executive serves as the President and Chief Executive Officer
of the Company;
WHEREAS, the Company and Executive entered into an Employment
Agreement, dated as of October 1, 1997, (the "Employment Agreement"); and
WHEREAS, in consideration for Executive's continued services to the
Company, the Company desires to amend the Employment Agreement to extend the
term thereof;
NOW, THEREFORE, in consideration of the foregoing and the mutual
covenants set forth herein, the parties agree as follows:
1. The date set forth in Section 1.3 of the Employment Agreement shall be
changed to December 31, 2004.
2. The annual salary amount set forth in Section 2.1 of the Employment
Agreement shall be changed to $225,000.
3. The respective address for notice for each of the Company and Executive
set forth in Section 19 of the Employment Agreement shall be changed to 19910
North Creek Parkway, Bothell, Washington 98011-3008.
4. All other terms and conditions of the Employment Agreement shall remain
in full force and effect.
In witness whereof, the parties have executed this First Amendment to
the Employment Agreement as of the 18th of April, 2000.
MICROVISION, INC. EXECUTIVE
_____________________________ ______________________________
By: _________________________ By: __________________________
Its:_________________________
