Exhibit 10.2

 

 

AMENDMENT NO. 1

 

TO THE AMENDED AND RESTATED

 

EXECUTIVE EMPLOYMENT AGREEMENT

 

 

Amendment No. 1, dated as of May 1, 2004, to the Amended and Restated Executive
Employment Agreement, dated as of May 1, 2004 (the “Executive Employment
Agreement”), by and between Hi-Tech Pharmacal Co., Inc. (the “Corporation”) and
David S. Seltzer (the “Executive”). Capitalized terms used herein and not
defined herein shall have the respective meanings ascribed to them in the
Executive Employment Agreement.

 

WHEREAS, for good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the parties hereto have agreed to amend the
Executive Employment Agreement.

 

NOW, THEREFORE, the parties hereto mutually agree as follows:

 

Section 1. Section 4.1. of the Executive Employment Agreement is hereby amended
by deleting the words “Base Salary equal to Three Hundred and Fifty Thousand
($350,000) Dollars” and substituting in lieu thereof the words “Base Salary
equal to Three Hundred and Eighty-Two Thousand Eight Hundred and Eighty-Four
($382,884) Dollars”.

 

Section 2. Except as modified by the Amendment No. 1, in all other respects the
Executive Employment Agreement remains unchanged and in full force and effect.

 

IN WITNESS WHEREOF, the parties hereto have executed this Amendment No. 1 to the
Executive Employment Agreement as of the date set forth above.

 

 

HI-TECH PHARMACAL CO., INC.

By:

 

/S/    BERNARD SELTZER

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    Bernard Seltzer    

/S/    DAVID S. SELTZER

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    David S. Seltzer