Document:

EXHIBIT 10.20

     

    AMENDED EMPLOYMENT
AGREEMENT

    

    Agreement
entered into as of this 15 day of January 2006, between Moshe
Citronowicz   (“Employee”) and Bovie Medical Corporation,
(“Employer”)

    

    WHEREAS, the parties have
heretofore entered into an Employment Agreement (the “Agreement”) dated February
1, 2000, as the same has been amended pursuant to the Board Resolutions dated
January 23, 2002, January 6, 2004; and November 15, 2006; and

    

    WHEREAS, the parties are
desirous of memorializing the effect of the aforementioned resolutions and
further amending said Agreement on the terms hereinafter set forth.

    

    NOW THEREFORE, in
consideration of the premises and covenants herein contained,

    

    IT
IS HEREBY AGREED:

    

    
      	
              1.

            	
              Paragraph
      3 of the Agreement is hereby amended in its entirety to read as
      follows:

            

    

    

    TERM:
The initial term of employment under this Agreement shall be effective as of the
1st
day of February, 2000, and shall continue until January 31, 2011 or until
terminated as hereinafter provided. After January 31, 2009, the term of this
Agreement shall be automatically extended for continuous terms of one year each
unless the Employer provides the Employee with written notice of termination at
least nine months prior to the date the Employer plans to
terminate.

    

    
      	
              2.

            	
              Except
      as amended hereby, the Agreement is hereby ratified and
      approved.

            

    

    

    IN WITNESS WHEREOF the parties
have set forth their signatures this ____ day of November, 2006.

    

    
      
        	
                BOVIE
      MEDICAL CORPORATION

              
	 
      	 
      
	
                By:

              	
                /S/ Andrew Makrides

              
	
                Andrew
      Makrides, President

              
	 
      
	
                /S/ Moshe Citronowicz

              
	
                Moshe
      CitronowiczEXHIBIT 10.21

    

    Confidential

    

    EMPLOYMENT
AGREEMENT

    

    This
Employment Agreement (“Agreement”), effective as of the 18, day of June 2007
(“Effective Date”), is entered into by and between Bovie Medical Corporation, a
Delaware corporation, with its principle business address at 7100 30th Avenue
N, St. Petersburg, Florida 33710 (hereinafter referred to as “the Company”), and
Gary D. Pickett (hereinafter referred to as “the Employee”), and is approved by
the Bovie Medical Corporation Board of Directors on the ____ day of __________
2007.

    

    WITNESSETH:

    

    WHEREAS,
the Company is a corporation existing and authorized to do business in Delaware
and Florida; and

    

    WHEREAS,
the Company is desirous of securing Employee’s services and Employee is willing
to provide such services under the terms and conditions set forth in this
Agreement.

    

    NOW,
THEREFORE, for and in consideration of the mutual covenants contained herein,
the sufficiency of which is hereby acknowledged, Company and Employee (each, a
“Party,” and collectively, the “Parties”) agree as follows:

    

    
      	
              1)

            	
              EMPLOYMENT OF
      EMPLOYEE: The Company hereby agrees to employ the Employee, and the
      Employee hereby agrees to accept said employment pursuant to the terms and
      conditions of this Agreement.

            

    

    

    
      	
              2)

            	
              DUTIES: The
      Employee shall render, as a full-time employee, professional services as
      Chief Financial Officer of the Company, reporting to Company’s Chief
      Operating Officer (or his designee), and shall perform such additional
      duties as may be assigned to the Employee by the Board of Directors of the
      Company.  The Employee agrees to devote all of his time and
      efforts to the performance of his duties hereunder, except for customary
      vacations and reasonable absences due to illness, or other incapacity, as
      set forth herein, and to perform all of his duties to the best of his
      professional ability and to comply with such reasonable policies,
      standards, and regulations of the Company as are from time to time
      established by the Board of Directors of the Company. Nothing contained
      herein shall be construed so as to prohibit or prevent the Employee from
      engaging in any business activity as long as such activities do not
      conflict or interfere with the satisfactory performance of his duties
      hereunder, or which compete, directly or indirectly, with Company or its
      Affiliates.  "Affiliate(s)," as to either
      Party, means any other person or entity that, directly or indirectly,
      controls, is under common control with, or is controlled by, that Party.
      For purposes of this definition, "control" (including, with its
      correlative meanings, the terms "controlled by" and "under common control
      with"), as used with respect to any person or entity, shall mean direct or
      indirect ownership of more than Fifty Percent (50%) of the voting stock or
      (partnership) shares of such person or
entity.

            

    

    

    
      	
              3)

            	
              TERM: The
      Employee’s initial term of employment under this Agreement shall commence
      on the Effective Date and shall continue until two (2) years thereafter,
      or until terminated as hereinafter provided (the
      “Term”).  Subject to the approval of the Company’s Board of
      Directors, the Term of this Agreement shall be automatically extended for
      continuous terms of one (1) year unless the Company provides the Employee
      with advance written notice of its intention not to renew this Agreement
      of at least three hundred and sixty-five (365)
  days.

            

    

    

    
      	
              4)

            	
              PLACE OF
      EMPLOYMENT: Unless expressly approved otherwise by the Company
      Board of Directors, during the Term, the Employee will permanently reside
      and work in the Tampa Bay, Florida
area.

            

    

    

    
      	
              5)

            	
              COMPENSATION:
      For all services rendered to the Company, the Employee agrees to accept as
      total compensation the sum computed as follows, payable in accordance with
      the Company’s standard payroll procedures, established and approved by the
      Company Board of Directors, as
amended:

            

    

    

    
      	
               
      

            	
              a.

            	
              During
      the Term, the Employee shall receive the sum equal to Ninety Thousand U.S.
      Dollars (US$90,000) per year, payable in accordance with the standard
      payroll practices of the Company.

            

    

     

    
      
        	
                Employment
      Agreement – Gary D. Pickett (06.18.07)

              	
                Page
      1 of 5

              

      

       

    

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

     

    
      Confidential

       

    

    
      	
               
      

            	
              b.

            	
              Bonuses:
      Shall be determined from time to time by the Company Board of Directors at
      its discretion.

            

    

    

    
      	
              6)

            	
              VACATION/SICK:
      The Employee shall be entitled to a vacation with full pay, of three (3)
      weeks (fifteen (15) working days), during each 12-month period of
      Employee’s employment hereunder. The scheduling of any vacation shall be
      coordinated with the Company so that the needs of the Company are met to
      the extent reasonably possible. The Employee may be entitled to such
      further paid vacation as may be approved in writing by the Board of
      Directors of the Company. Any accrued vacation not taken by the Employee
      during a year shall be available for use in subsequent
      year.  The Employee may elect to receive a cash payment for one
      (1) week’s vacation, in lieu of taking such vacation, every calendar year
      during the Term.  The Employee shall be granted sick time in
      accordance with Company policy, as outlined in the Company’s Employee
      Handbook, as amended.

            

    

    

    
      	
              7)

            	
              REIMBURSEMENT OF
      BUSINESS EXPENSES: The Company agrees to pay, either directly or
      indirectly, by payment to the Employee, for all the Employee’s approved
      entertainment, travel and miscellaneous business expenses incurred by him
      during the course of his employment. Employee shall be entitled, on
      approved business-related travel, coach airline tickets on domestic travel
      and business class airline tickets on international travel, and a full
      size rental automobile. As a prerequisite to any payment or reimbursement
      by the Company for business expenses, the Employee shall submit receipts
      of all such expenses to the Company, and the Company’s obligation to
      effect payment or reimbursement of such expenses shall be only to the
      extent of such receipts.

            

    

    

    
      	
              8)

            	
              ADDITIONAL
      BENEFITS: The Company shall obtain and pay for group medical and
      dental insurance for the Employee and his dependents, under such insurance
      program and plan that the Board of Directors of the Company deems
      appropriate. The Company shall obtain and pay for term life insurance in
      the amount of $50,000.00 for the Employee under such insurance program and
      plan that the Board of Directors of the Company deems appropriate. The
      Company shall further provide a disability plan upon such terms and
      conditions that are, at a minimum, equal to or better than those
      maintained by the Company as of the Effective
  Date.

            

    

    

    
      	
              9)

            	
              PROPERTY
      DEFINED: The Employee understands and agrees that Company
      Intellectual Property, files, customer files, correspondence, e-mails,
      memos, legal files, research files, engineering files, development
      materials, notes, analyses, compilations, studies, interpretations and
      other documents (regardless of form or medium) and information, form
      files, forms, examples, test data, samples, and all briefs and memoranda,
      and other work product, related in any way to Company customers, products,
      plans, designs, concepts, ideas, research, development, know-how, costs,
      prices, finances, marketing plans, business opportunities, or personnel
      are the sole and exclusive property of the Company (collectively “Company
      Property”); and the same shall remain in the possession of the Company and
      shall constitute the property of the Company irrespective of who prepared
      the same. The Employee shall not remove, photocopy, photograph or in any
      other manner duplicate, translate, compile, summarize, transmit, convey,
      or remove, said Company Property.   “Intellectual Property”
      means all intellectual property rights, both domestic and foreign,
      including any and all tangible and intangible trade secret rights, patents
      rights (including registrations, applications, renewals, extensions,
      continuations, divisions, reexaminations and reissues), processes,
      know-how, prototypes, specifications, drawings, designs, tools, industrial
      property rights, shop rights, inventions, improvements, developments or
      discoveries, whether conceived or made by Employee or not, and whether
      patentable (or registrable) or not.

            

    

    

    
      	
              10)

            	
              DISPOSITION OF
      PROPERTY DURING AND AFTER EMPLOYMENT: The Employee agrees and
      understands that all Confidential Information (as defined below) and
      Company Property are and shall remain, during and after the Term, the sole
      and exclusive property of the Company, and the Employee shall have no
      right, title or interest in or to the
same.

            

    

     

    
      
        	
                Employment
      Agreement – Gary D. Pickett (06.18.07)

              	
                Page 2
      of 5

              

      

       

    

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    
       

      Confidential

    
      	
              11)

            	
              TERMINATION OF
      EMPLOYMENT: The employment of the Employee may be terminated as
      follows:

            

    

    

    
      	
               
      

            	
              a.

            	
              By
      the death of the Employee, in which case the Company shall pay the
      Employee’s estate the basic annual compensation due the Employee,
      pro-rated through the date of
termination.

            

    

    

    
      	
               
      

            	
              b.

            	
              By
      the Employee, at any time upon at least sixty (60) days prior written
      notice to the Company, in which case the Company shall be obligated to pay
      the Employee the basic annual compensation due him pro-rated to the date
      of termination.

            

    

    

    
      	
               
      

            	
              c.

            	
              By
      the Company, without cause, with the majority approval of the Board of
      Directors of the Company, at any time upon at least thirty (30) days prior
      written notice to the Employee, and the Company shall be obligated to pay
      the Employee compensation currently in effect including all bonuses (if
      any), accrued or prorated, and approved expenses, up to the date of
      termination. During any subsequent time remaining on this Agreement, the
      Company shall pay the Employee the salary in effect at the time of
      termination, payable weekly or as otherwise mutually agreed in writing.
      Employee shall not have to account for other compensation from other
      sources or otherwise mitigate his damages due to termination pursuant to
      this subparagraph.

            

    

    

    
      	
               
      

            	
              d.

            	
              By
      the Company, if during the term of this Agreement the Employee (i)
      violates the provisions of Paragraph 12 or Paragraph 13 hereof, (ii) is
      found guilty in a court of law of any crime of moral turpitude, or (iii)
      breaches this Agreement and such breach remains uncured ten (10) days
      after Employee’s receipt of Company’s written notice of Employee’s breach
      or threatened breach.

            

    

    

    
      	
              12)

            	
              NON-COMPETITION AND
      PRESERVATION OF NON-TRADE SECRET PROTECTIVE BUSINESS INTERESTS:
      During and upon expiration or termination of this Agreement, and for
      twelve (12) months thereafter, irrespective of the time, manner, or method
      of such expiration or termination, the Employee shall not, without the
      express written consent of the Company, directly or indirectly, consult
      with, render services to, or otherwise participate or attempt to
      participate in any manner in a business, which competes with the Company
      or its Affiliates, within the geographic areas where the Company or its
      Affiliates, or the Employee, conducted business during the twenty-four
      (24) month period directly preceding any expiration or termination of this
      Agreement, and Employee:

            

    

    

    
      	
               
      

            	
              a.

            	
              Shall
      not use or disclose any Confidential Information to any person or entity
      without the written authorization of the Company. “Confidential
      Information” includes, but is not limited to, information concerning
      Company’s or its Affiliates’ customers, products, designs, engineering and
      manufacturing methods, pricing information and methods, training and
      operational procedures, advertising, marketing, and sales information,
      financial information, and other data, concepts, strategies, methods,
      procedures or other confidential information, that is not a “trade
      secret,” as defined by Florida Statute §688.002 (2006), as
      amended;

            

    

    

    
      	
               
      

            	
              b.

            	
              Shall
      not solicit, directly or indirectly, any existing or potential client or
      customer with whom the Company has or may have a business relationship. A
      potential client or customer is defined as any person or entity that the
      Company or Employee actively solicited, or engaged in business activity,
      during the twenty-four (24) month period directly preceding the expiration
      or termination of this Agreement;

            

    

    

    
      	
               
      

            	
              c.

            	
              Shall
      not hire, recruit, or attempt to recruit, any person employed by the
      Company at the time of the expiration or termination of this Agreement for
      any person or business entity which competes or plans to compete with the
      Company;

            

    

    

    
      	
               
      

            	
              d.

            	
              Shall
      not adversely affect the Company’s customer goodwill associated with (1)
      an ongoing business by way of trade name, trademark, service mark, trade
      dress and the like; (2) a specific geographical location; or (3) a
      specific marketing or trade area;
and

            

    

     

    
      
        	
                Employment
      Agreement – Gary D. Pickett (06.18.07)

              	
                Page 3
      of 5

              

      

       

    

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    
       

      Confidential

    
      	
               
      

            	
              e.

            	
              Shall
      not use extraordinary or specialized training received from the Company
      except for the benefit of the Company, within the scope of Employee’s
      employment hereunder.

            

    

    

    
      	
               
      

            	
              f.

            	
              This
      Non-Competition and Protection of Non-Trade Secret Protectable Business
      Interest provision is expressly intended to benefit the Company and its
      Affiliates, their respective successors and assigns (the “Third Party
      Beneficiaries”), and the Company and the Third Party Beneficiaries are
      expressly authorized to enforce this
provision.

            

    

    

    
      	
               
      

            	
              g.

            	
              Employee
      agrees that the precise value of the covenants in Section 12 (and Section
      13) are so difficult to evaluate that no accurate measure of liquidated
      damages could possibly be established and that, in the event of a breach
      or threatened breach, the Company is entitled to temporary and permanent
      injunctive relief restraining Employee from such breach or threatened
      breach. In the event that any covenants made in this Section shall be more
      restrictive than permitted by applicable law, it shall be limited to the
      extent which is so permitted.

            

    

    

    
      	
              13)

            	
              PRESERVATION OF TRADE
      SECRETS: During the Term, and upon the expiration or termination of
      this Agreement, the Employee shall not, directly or indirectly, use or
      disclose any “trade secret” (as that term is defined by Florida Statute
      §688.002 (2006), as amended) of the Company or its Affiliates, or allow
      any such trade secret to be disclosed to or used by any person or entity,
      for any reason or purpose whatsoever, except as expressly authorized, in
      writing, by the Company’s Chief Executive Officer or Chief Operating
      Officer. In addition, the Employee will not accept any employment or other
      business relationship which would, by the nature of the position, involve
      the inevitable disclosure of any such trade
  secret.

            

    

    

    This
Non-Disclosure of Trade Secrets provision is expressly intended to benefit the
Company and the Third Party Beneficiaries, and the Company and the Third Party
Beneficiaries are expressly authorized to enforce this provision.

    

    
      
        	
                14)

              	
                INDEMNIFICATION:
      The Company shall indemnify the Employee from liability in connection with
      his acting as an officer or director of Company, including but not limited
      to, indemnification for legal expenses and out-of-pocket disbursements in
      connection with defense of any claim or lawsuit against him based upon
      acts or omissions by him during the period that he was an officer or
      director of the Company. However, the foregoing indemnification as to
      certain acts shall not apply in the event it is determined by a court of
      competent jurisdiction that the Employee, during his tenure as an officer
      or director had (a) breached his duty of loyalty to the Company or its
      stockholders; (b) acted not in good faith or had intentionally acted
      against the best interests of the Company or the stockholders; (c) paid
      unlawful dividends or made unlawful stock repurchases or redemptions; or
      (d) engaged in a transaction in which he had received an improper personal
      benefit against the interest of the Company or its
      shareholders.

              

      

    

    

    
      
        	
                15)

              	
                NOTICES: Any
      notice required or permitted to be given pursuant to the provisions of
      this shall be sufficient if in writing, and if personally delivered to the
      Party to be notified or, if sent by registered or certified mail, to said
      Party at the following
addresses:

              

      

    

    

    
      
        	 
      	
                If
      to the Company:

              	
                Bovie
      Medical Corporation

              
	 
      	 
      	
                7100
      30th
      Avenue North

              
	 
      	 
      	
                St.
      Petersburg, FL 33710

              
	 
      	 
      	
                Attn:
      Moshe Citronowicz, COO & VP

              
	 
      	 
      	 
      
	 
      	
                If
      to the Employee:

              	
                Gary
      D. Pickett

              
	 
      	 
      	
                9958
      Lake Seminole Drive West

              
	 
      	 
      	
                Largo,
      FL 33773

              

      

    

     

    
      
        	
                Employment
      Agreement – Gary D. Pickett (06.18.07)

              	
                Page 4
      of 5

              

      

       

    

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

     

    Confidential

    
      
        	
                16)

              	
                UNREASONABLE
      COMPENSATION: It is agreed that in the event all or any part of the
      compensation paid to the Employee hereunder shall be disallowed by the
      Internal Revenue Service as a deduction by the Company under Section 162
      of the Internal Revenue Code of 1986, as amended, (or shall be disallowed
      as a deduction for state or local income purposes) and interest or other
      tax “costs” to the Company, as the case may be, attributable to said
      disallowance shall be determined and shall be a debt payable on demand by
      the Employee to the Company, which the Company may recover as a setoff
      against future compensation.

              

      

    

    

    
      
        	
                17)

              	
                BYLAWS;
      MISCELLANEOUS: This Agreement is made subject to and with reference
      to the Bylaws of the Company, which are incorporated herein by reference,
      and which the Employee accepts as binding upon
  him.

              

      

    

    

    
      
        	
                18)

              	
                SEVERABILITY:
      In the event any portion of this Agreement is held to be invalid or
      unenforceable, the invalid or unenforceable portion or provision shall not
      affect any other provision hereof and this Agreement shall be construed
      and enforced as if the invalid provision had not been
      included.

              

      

    

    

    
      
        	
                19)

              	
                BINDING EFFECT:
      This Agreement shall inure to the benefit of and shall be binding upon the
      Company and upon any person, firm or corporation with which the Company
      may be merged or consolidated or which may acquire all or substantially
      all of the Company’s assets through sale, lease, liquidation or otherwise.
      The rights and benefits of Employee are personal to him and no such rights
      or benefits shall be subject to assignment or transfer by
      Employee.

              

      

    

    

    
      
        	
                20)

              	
                GOVERNING LAW:
      The laws of the State of Florida, without regard to their choice of law
      principles, govern all matters arising from or related to this
      Agreement.

              

      

    

    

    
      
        	
                21)

              	
                ENTIRE
      AGREEMENT: This Agreement constitutes the entire agreement between
      the Parties and supersedes and replaces any prior agreement regarding the
      subject matter hereof, and there are no other agreements between the
      Parties pertaining to such subject matter, except as expressly set forth
      herein.

              

      

    

    

    
      
        	
                22)

              	
                AMENDMENT AND
      MODIFICATION: All terms, conditions and provisions of this
      Agreement shall remain in full force and effect unless modified, changed,
      altered or amended, in writing, executed by authorized representatives of
      both Parties.

              

      

    

    

    
      	
               
      

            	
              IN WITNESS WHEREOF, the
      Parties hereto have set their hands and seals effective on this day and
      year first above written.

            

    

    

    
      
        
          
            
              
                	
                        EMPLOYEE:
      Gary D. Pickett

                      	 
      	
                        COMPANY:
      Bovie Medical Corporation

                      	 
      
	 
      	 
      	 
      	 
      
	
                        /S/ Gary D. Pickett

                      	 
      	
                        /S/ Andrew Makrides

                      	 
      
	
                          Gary
      D. Pickett, Employee

                      	 
      	
                        Andrew
      Makrides, CEO (Bovie)

                      	 
      
	 
      	 
      	 
      	 
      
	 
      	 
      	
                         

                      	 
      
	 
      	 
      	
                        Moshe
      Citronowicz, VP & COO (Bovie)

                      	 
      

              

            

          

        

      

    

    

    Signed
Sealed and delivered in the presence of:

    

    
      
        
          	 
      	 
      	 
      	 
      
	
                  Witness

                	 
      	
                  Witness

                	 
      

        

      

    

     

    
      
        	
                Employment
      Agreement – Gary D. Pickett (06.18.07)

              	
                Page 5
      of 5

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