exhibit101.htm


                                                                                                                                    Exhibit
10.1

    AMENDMENT
TO EMPLOYMENT AGREEMENT

    


    This
Amendment to Employment Agreement, dated this 14th day of
May, 2009, by and between Presstek, Inc., a Delaware corporation with executive
offices located at 10 Glenville Street, Greenwich, Connecticut (the “Employer”)
and Jeffrey Jacobson (the “Employee”).

    


    WITNESSETH:

    


    WHEREAS,
the Employer and Employee are parties to an Employment Agreement, dated May 10,
2007 (the “Agreement”); and

    


    WHEREAS,
in order to manage the Employer’s costs during the current economic environment,
Management of Employer had determined to defer the 2009 salary increases of all
employees by six months, except where such deferral is not permitted by
applicable law; and

    


    WHEREAS,
the Employee has voluntarily offered to waive his contractually guaranteed
salary increase for six months, from May 10, 2009 until November 10,
2009;  and

    


    WHEREAS,
the Employee and Employer desire to modify the Agreement to reflect this waiver
of salary increase, while ensuring that for the purpose of calculating the
payments and benefits to which Employee is entitled in the event of his
termination of employment, the Employee shall be treated as if he did not waive
his salary increase.

    


    NOW,
THEREFORE, the parties agree as follows:

    


    
      	
              1.  

            	
              Employer
      and Employee agree that Employee’s annual base salary increase from
      $633,000 to $667,000 shall go into effect on November 10, 2009, rather
      than on May 10, 2009 as provided in Section 3 of the
      Agreement.  Employee’s base salary increase from $667,000 to
      $700,000 will go into effect as provided in the Agreement, on May 10,
      2010.  Employee’s target bonus of 75% applicable to the third
      year of the Agreement shall remain
unchanged.

            


    

    


    
      	
              2.  

            	
              In
      the event of the termination of employment of Employee, the Employer
      agrees that the payments and benefits to which Employee is entitled under
      the Agreement shall be calculated for all purposes as if Employee had not
      waived for six months his contractually guaranteed salary
      increase.

            


    

    


    


    


    


    


    


    


    
      	
              3.  

            	
              Except
      as set forth herein, the terms of the Agreement shall remain in full force
      and effect.

            


    

    


    IN
WITNESS WHEREOF, the parties have executed this Amendment as of the date first
written above.

    


    Presstek, Inc.

    


    /s/
Jeffrey Jacobson                                 /s/
James R. Van Horn                             

    _____________________________                                               By:
________________________

    Jeffrey
Jacobson                                                                                     

                                          Title: VP, General Counsel &
Secretary