Document:

Exhibit 10.12

 

AMENDMENT
TO

EMPLOYMENT
AGREEMENT

BETWEEN

HESKA
CORPORATION

AND

ROBERT B.
GRIEVE

 

                This Amendment to Employment
Agreement is dated as of January 1, 2008 (this “Amendment”) and amends the
Employment Agreement dated as of March 29, 2006 (the “Employment Agreement”),
between Heska Corporation, a Delaware corporation (“Heska”), and Robert B.
Grieve, Ph.D. (“Executive”). Unless otherwise defined in herein, all
capitalized terms used herein shall have the meaning ascribed to them in the
Employment Agreement.

 

RECITALS

 

                Section 14 of the
Employment Agreement permits the parties to modify the Employment Agreement in
writing, and Executive and Heska have agreed to amend the Employment Agreement
as set forth in this Amendment.

 

AGREEMENT

 

                NOW, THEREFORE, in consideration
of the foregoing, and other good and valuable consideration, including
Executive’s continued employment with Heska, the receipt and sufficiency of
which are hereby acknowledged, Executive and Heska hereby agree as follows:

 

1.             Subsection
7(d) of the Employment Agreement is amended and restated in its entirety
to read as set forth below:

 

(d)           409A Limitations.  If Executive is a “specified
employee” within the meaning of Section 1.409A-1(i) of the
Treasury regulations as of the date of termination, then payments to Executive
hereunder shall not be made before the date that is six months after the date
of termination (or if earlier, the date of death of Executive); provided,
however, that during such six-month period, Heska shall make any and all
payments contemplated hereunder to the extent such payments do not exceed two
times the lesser of (i) Executive’s annualized compensation, based upon
the annual rate of compensation for the calendar year preceding the year in
which the date of termination occurs, or (ii) the maximum amount that may
be taken into account under a qualified plan pursuant to Section 401(a)(17)
of the Code for the year in which the date of termination occurs; and provided
further that any amounts deferred hereunder shall be paid in a lump-sum amount
at the expiration of such six-month period. 
It is the parties’ intent that no payment made or to be made hereunder
shall be subject to the provisions of Section 409A(a)(1)(B) of the
Internal 

 

 

Revenue Code. Accordingly, notwithstanding any payment date or schedule
specified above, the parties agree to work expeditiously to amend this
Agreement to conform to their intent as set forth in this Section 7(d).

 

2.             Subsection
9(f) of the Employment Agreement is amended and restated in its entirety
to read as set forth below:

 

(f)           
Good Reason.  For purposes of this Agreement, “Good Reason” means the occurrence of any of
the following without Executive’s express written consent:

 

(i)           
Executive’s authority with Heska is, or his duties or responsibilities as CEO
are, materially diminished relative to his authority, duties and
responsibilities as in effect immediately prior to such change, other than the
removal from the position of Chairman if the Board decides to separate the
roles of CEO and Chairman;

 

(ii)          
a material diminution in Executive’s Base Salary as in effect immediately prior
to such diminution; provided, that an across-the-board reduction in the base
compensation and benefits of all other executive officers of Heska by the same
percentage amount (or under the same terms and conditions) as part of a general
base compensation reduction and/or benefit reduction shall not constitute such
a qualifying material diminution;

 

(iii)         
a material change in the geographic location of Executive’s principal place of
employment such that the new location results in a commute for Executive that
is both (A) longer than his commute prior to the relocation and (B) greater
than fifty (50) road miles each way from his home in the Severance, Colorado
area;

 

(iv)         
any material breach by Heska of any provision of this Agreement; and

 

(v)          
any acquiring company fails to assume or be bound by the terms of this
Agreement in Connection with a Change of Control;

 

provided, however, that prior to any such event constituting Good
Reason, Executive shall give Heska written notice of the existence of the
condition which Executive believes constitutes Good Reason (which notice must
be given within ninety (90) days of the initial existence of the condition) and
such condition shall remain uncured for a period of thirty (30) days after the
date of such notice.  An event of Good
Reason shall occur automatically at the expiration of such 30-day period if the
relevant condition remains uncured at such time.

 

2

 

3.             All other terms and conditions of
the Employment Agreement shall remain in full force and effect. This Amendment,
together with the Employment Agreement, contains all the terms and conditions
agreed upon by the parties hereto regarding the subject matter hereof and
thereof. All prior agreements, promises, negotiations and representations,
either oral or written, relating to the subject matter of this Amendment or the
Employment Agreement not expressly set forth in this Amendment or the
Employment Agreement are of no force or effect.

 

4.             Any waiver,
alteration or modification of any of the terms of this Amendment or the
Employment Agreement shall be valid only if made in writing and signed by the
parties hereto.

 

5.             This Amendment may be executed in counterparts, each of
which shall constitute an original but all of which together shall constitute
one and the same document.  This
Amendment to the extent signed and delivered by facsimile or other electronic
means will be treated in all manner and respects as an original agreement or
instrument and will be considered to have the same binding legal effect as if
it were the original signed version thereof delivered in person.

 

[Signature
Page(s) to Follow]

 

3

 

                IN WITNESS WHEREOF, the parties
hereto have executed this Amendment the day and year herein above written.

 

	
  HESKA CORPORATION

  	
   

  	
  EXECUTIVE

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Jason Napolitano

  	
   

  	
  /s/ Robert B. Grieve

  
	
  Name: Jason Napolitano

  	
   

  	
  Robert B. Grieve, Ph.D.

  
	
  Title: Chief Financial
  Officer

  	
   

  	
   

  
				

 

 

[Signature
Page to Amendment to Employment Agreement]Exhibit 10.14

 

AMENDMENT TO

EMPLOYMENT AGREEMENT

BETWEEN

HESKA CORPORATION

AND

JASON NAPOLITANO

 

                This Amendment to
Employment Agreement is dated effective as of January 1, 2008 (this “Amendment”)
and amends the Employment Agreement dated as of May 6, 2002 (the “Employment
Agreement”), between Heska Corporation, a Delaware corporation (“Company”), and
Jason Napolitano (“Employee”).  Unless
otherwise defined in herein, all capitalized terms used herein shall have the
meaning ascribed to them in the Employment Agreement.

 

RECITALS

 

                Section 10 of
the Employment Agreement permits the parties to modify the Employment Agreement
in writing, and the Employee and Company have agreed to modify the Employment
Agreement to the extent set forth in this Amendment.

 

AGREEMENT

 

                NOW, THEREFORE, in
consideration of the foregoing, and other good and valuable consideration,
including Employee’s continued employment with Company, the receipt and
sufficiency of which are hereby acknowledged, Employee and Company hereby agree
as follows:

 

                                                1.                                       Subsection 6(c)(iii) of
the Employment Agreement is amended and restated in its entirety to read as set
forth below:

 

(iii)         
The parties agree that for the purposes of this Employment Agreement, an “involuntary
termination” due to a “change of control” will be deemed to have occurred when
Employee is no longer employed by the Company’s successor following a “change
of control” because the Employee’s position is eliminated within nine (9) months
of the “change of control” or when Employee’s job authority, duties or
responsibilities are materially diminished within nine (9) months of the “change
of control” and Employee elects to resign; provided, however,
that prior to any such resignation, Employee shall give Company written notice
of the existence of the condition which Employee believes constitutes such
material diminution (which notice must be given within ninety (90) days of the
initial existence of the condition) and such condition shall remain uncured for
a period of thirty (30) days after the date of such notice.  For purposes of this subsection 6(c)(iii) and
without in any manner limiting the circumstances that may give rise to a
material diminution, Employee’s job authority, duties or responsibilities shall
be deemed to be materially diminished if, but not limited to, the following: (1) Employee’s
authority 

 

 

with
the Company or its successor is, or Employee’s duties or responsibilities are,
materially diminished relative to Employee’s authority, duties and
responsibilities as in effect immediately prior to such change; (2) Employee
suffers a material diminution in base salary as in effect immediately prior to
such diminution; (3) there is a material change in the geographic location
of Employee’s principal place of employment such that the new location results
in a commute for Employee that is greater than fifty (50) road miles longer
than Employee’s commute prior to the relocation; (4) there occurs any
material breach by the Company or its successor of any provision of this Employment
Agreement; or (5) any acquiring or successor company fails to assume or be
bound by the terms of this Employment Agreement in connection with a change of
control.

 

                                                2.                                       Section 6(c) of
the Employment Agreement is amended by inserting immediately after Subsection
6(c)(iv) of the Employment Agreement a new Subsection 6(c)(v), which shall
read in its entirety as set forth below:

 

(v)         
If Employee is a “specified employee” within the meaning of Section 1.409A-1(i) of
the Treasury regulations as of the date of termination, then payments to
Employee hereunder shall not be made before the date that is six (6) months
after the date of termination (or if earlier, the date of death of Employee); provided,
however, that during such six-month period, Company shall make any and
all payments contemplated hereunder to the extent such payments do not exceed
two times the lesser of (i) Employee’s annualized compensation, based upon
the annual rate of compensation for the calendar year preceding the year in
which the date of termination occurs, or (ii) the maximum amount that may
be taken into account under a qualified plan pursuant to Section 401(a)(17)
of the Internal Revenue Code of 1986, as amended, for the year in which the
date of termination occurs; and provided further that any amounts deferred
hereunder shall be paid in a lump-sum amount at the expiration of such
six-month period.  It is the parties’
intent that no payment made or to be made hereunder shall be subject to the
provisions of Section 409A(a)(1)(B) of the Internal Revenue Code of
1986, as amended. Accordingly, notwithstanding any payment date or schedule
specified above, the parties agree to work expeditiously to amend this
Agreement to conform to their intent as set forth in this Section.

 

                                                3.                                       All other terms and conditions of the
Employment Agreement shall remain in full force and effect. This Amendment,
together with the Employment Agreement, contains all the terms and conditions
agreed upon by the parties hereto regarding the subject matter hereof and
thereof. All prior agreements, promises, negotiations and representations,
either oral or written, relating to the subject matter of this Amendment or the
Employment Agreement not expressly set forth in this Amendment or the
Employment Agreement are of no force or effect.

 

2

 

                                                4.                                       Any waiver, alteration or modification of
any of the terms of this Amendment or the Employment Agreement shall be valid
only if made in writing and signed by the parties hereto.

 

                                                5.                                       This Amendment may be executed in
counterparts, each of which shall constitute an original but all of which
together shall constitute one and the same document.  This Amendment to the extent signed and
delivered by facsimile or other electronic means will be treated in all manner
and respects as an original agreement or instrument and will be considered to
have the same binding legal effect as if it were the original signed version
thereof delivered in person.

 

[Signature
Page(s) to Follow]

 

3

 

                IN WITNESS WHEREOF, the parties
hereto have executed this Amendment effective as of the day and year first
above written.

 

	
  HESKA
  CORPORATION

  	
   

  	
  EMPLOYEE

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/
  John R. Flanders

  	
   

  	
  /s/
  Jason Napolitano

  
	
  Name:
  John R. Flanders

  	
   

  	
  Name:
  Jason Napolitano

  
	
  Title:
  VP, General Counsel

  	
   

  	
  Title:
  Executive Vice President and Chief Financial Officer

  
	
   

  	
   

  	
   

  
				

 

 

[Signature Page to Amendment to Employment Agreement]

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