EX-10.15 4 dex1015.txt AMENDMENT TO EMPLOYMENT AGREEMENT EXHIBIT 10.15 AMENDMENT TO EMPLOYMENT AGREEMENT AGREEMENT dated as of May 21, 2001 between _________________ ("Employee") and Chemed Corporation (the "Company"). WHEREAS, Employee and the Company have entered into an Employment Agreement dated as of May 19, 1997 and amended May 18, 1998, May 17, 1999 and May 15, 2000 ("Employment Agreement"); and WHEREAS, Employee and the Company desire to amend the Employment Agreement in certain respects. NOW, THEREFORE, Employee and the Company mutually agree that the Employment Agreement shall be amended, effective as of May 21, 2001, as follows: A. The date, amended as of May 21, 2000, set forth in Section 1.2 of the Employment Agreement, is hereby deleted and the date of May 21, 2004 is hereby substituted therefor. B. The base salary amount set forth in the first sentence of Section 2.1 of the Employment Agreement is hereby deleted and the base salary amount of $_________ per annum is hereby substituted. C. The amount of unrestricted stock award recognized in lieu of incentive compensation in 2000 is $_________. Except as specifically amended in this Amendment No. 4 to Employment Agreement, the Employment Agreement, as amended, shall continue in full force and effect in accordance with its terms, conditions and provisions. IN WITNESS WHEREOF, the parties have duly executed this amendatory agreement as of the date first above written. EMPLOYEE _________________________ CHEMED CORPORATION _________________________ SCHEDULE TO EXHIBIT 10.15 Current Current(a) Expiration Salary and Stock Award Date of Current Name and Position Bonus Compensation Agreement ----------------- ---------- ------------ --------------- Spencer S. Lee $223,040 $59,976 5/19/2004 Chairman and Chief 149,000 Executive Officer of Roto-Rooter, Inc. Rick L. Arquilla 203,000 57,855 5/19/2004 Senior Vice President 120,000 Roto-Rooter Services Company (a) Amount of unrestricted Chemed stock awards recognized in lieu of incentive compensation in 2000.