Document:

exhibit10-4_bancino.htm

    
      

      

    

     

    Exhibit
10.4

     

    FIRST
AMENDMENT TO EMPLOYMENT AGREEMENT

     

    This First Amendment to Employment
Agreement (this “First Amendment”), dated as of December 16, 2009, is entered
into by and between Mannatech, Incorporated (the “Company”) and Randy S. Bancino
(“Employee”).

     

    RECITALS

     

    This
First Amendment amends that certain Employment Agreement, effective as of
March 2, 2009, by and between the Company and Employee (the “Employment
Agreement”).

     

    STATEMENT
OF AGREEMENT

     

    NOW, THEREFORE, in consideration of
the foregoing and other good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the parties hereto hereby agree as
follows:

     

    1.           The
first sentence of Section 1.2 of the Amended Employment Agreement is hereby
amended and restated in its entirety to read as follows:

     

    “The
Employee shall serve as President Global Business Operations and Expansion of
the Company, with the authority, duties and responsibilities described herein
and those customarily incident to such office.”

     

    2.           This
First Amendment may be executed in multiple counterparts, each of which shall be
deemed an original, but all of which together shall constitute one and the same
instrument.

     

    3.           This
First Amendment and the Amended Employment Agreement and the documents referred
to herein and therein constitute the entire agreement among the parties and
supersede in all respects any other 

                 
agreement or understanding among the parties.  No party shall be
liable or bound to any other party in any manner by any warranties,
representations, or covenants except as specifically set forth herein or
therein.

     

    4.           In
case any one or more of the provisions contained in this First Amendment should
be invalid, illegal or unenforceable in any respect, the validity, legality or
enforceability of the remaining provisions 

                 
contained herein shall not in any way be affected or impaired
thereby.

     

    5.           This
First Amendment shall be governed by, and enforced and construed under, the laws
of the State of Texas.

     

    [SIGNATURE
PAGE FOLLOWS]

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

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

     

    COMPANY:

     

    MANNATECH,
INCORPORATED

     

    
      	
               
      

            	
              By:

            	
              /s/ Robert A.
      Sinnott

            	 

    

     

    
      	
               
      

            	
              Robert
      A. Sinnott, Co-Chief Executive Officer and Chief Science
      Officer

            

    

     

    

    EMPLOYEE:

    

    /s/ Randy S.
Bancino                                                                      

    Randy S.
Bancino, President Global Business Operations and Expansion<PDF>
begin 644 exhibit10-4_bancino.pdf
M)5!$1BTQ+C$-"@T*-2`P(&]B:@T*/#P-"B]%(#,Y,3<-"B]((%L@,3`X.2`Q
M-#@@70T*+TP@-3,V,@T*+TQI;F5A<FEZ960@,0T*+TX@,@T*+T\@.`T*+U0@
M-3(Q,@T*/CX@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@#0IE;F1O8FH-
M"@T*>')E9@T*-2`W#0HP,#`P,#`P,#$R(#`P,#`P(&X-"C`P,#`P,#`Y-C8@
M,#`P,#`@;@T*,#`P,#`P,3`X.2`P,#`P,"!N#0HP,#`P,#`Q,C,X(#`P,#`P
M(&X-"C`P,#`P,#$T-3<@,#`P,#`@;@T*,#`P,#`P,34V-2`P,#`P,"!N#0HP
M,#`P,#`Q-C<U(#`P,#`P(&X-"G1R86EL97(-"CP\#0HO04)#<&1F(#8Q,34-
M"B])1"!;(#PX.3E&-#4V,#A#,#(V.48V-D0R0S,T1C,P1C%".$-!-SX-"CQ&
M,T1".#,U.$,V1C1"-C<S04%%,3=$1$$U1C9$.#<W1#X@70T*+TQE;F=T:"`P
M#0HO4')E=B`U,C`R#0HO4F]O="`V(#`@4@T*+U-I>F4@,3(-"B]4>7!E("]8
M4F5F#0H^/B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`T*
M<W1A<G1X<F5F#0HP#0HE)45/1@T*-B`P(&]B:@T*/#P-"B]/<&5N06-T:6]N
M(%L@."`P(%(-"B]&:70@70T*+T]U=&QI;F5S(#,@,"!2#0HO4&%G94UO9&4@
M+U5S94YO;F4-"B]086=E<R`T(#`@4@T*+U1Y<&4@+T-A=&%L;V<-"CX^#0IE
M;F1O8FH-"@T*-R`P(&]B:@T*/#P-"B]&:6QT97(@+T9L871E1&5C;V1E#0HO
M3&5N9W1H(#4W#0HO4R`V.`T*/CX-"G-T<F5A;0T*>)QC8&!@8F!@<6)0`)+]
M(!(.%*`PA0&L!@187S"@`&0^BR.(@&(&AARP6?E02:!^CC`0`P!!P@6$#0IE
M;F1S=')E86T-"@T*96YD;V)J#0H-"B`X(#`@;V)J#0H\/`T*+T-O;G1E;G1S
M(%L@,3$@,"!2(%T-"B]-961I84)O>"!;(#`@,"`V,3(@-SDR(%T-"B]087)E
M;G0@-"`P(%(-"B]297-O=7)C97,@/#P-"B]&;VYT(#P\#0HO1F%B8S$@,3`@
M,"!2#0HO1F%B8S0@.2`P(%(-"CX^#0HO4')O8U-E="!;("]01$8-"B]497AT
M#0HO26UA9V5"#0HO26UA9V5##0HO26UA9V5)(%T-"CX^#0HO5'EP92`O4&%G
M90T*/CX-"F5N9&]B:@T*#0HY(#`@;V)J#0H\/`T*+T)A<V5&;VYT("]4:6UE
M<RU";VQD#0HO16YC;V1I;F<@+U=I;D%N<VE%;F-O9&EN9PT*+U-U8G1Y<&4@
M+U1Y<&4Q#0HO5'EP92`O1F]N=`T*/CX-"F5N9&]B:@T*#0HQ,"`P(&]B:@T*
M/#P-"B]"87-E1F]N="`O5&EM97,M4F]M86X-"B]%;F-O9&EN9R`O5VEN06YS
M:45N8V]D:6YG#0HO4W5B='EP92`O5'EP93$-"B]4>7!E("]&;VYT#0H^/@T*
M96YD;V)J#0H-"C$Q(#`@;V)J#0H\/`T*+T9I;'1E<B`O1FQA=&5$96-O9&4-
M"B],96YG=&@@,C$U-0T*/CX-"G-T<F5A;0T*>)S%6]MRVT82?6<5_V$>O2F:
M.S?,9=_DA')495M>B5O.5OD%!(?D)"#``*`HYNO3,P"&D%=2UK&&+A5=N`S1
M%_3I/MU#O_EE//I]/,)3H1.$W9\_HF(J"")Z*@3*MN,112QA4ZVI(DAAC"21
MJ#+CT2=4C$>P$/ZJM5M&'RQ31$XQED3[Q2LOZODU_H%OYN/1/R_31<8186@.
MW_.:>1'$'Q$DE48$8XKFH)ZF4X:ET&C^QWCTZC/E^!]H_NMX-(,'_?M%I5*)
MM)*M4#'5,L'$"WV-IR0A3H,#:#"[W]B%;4#!*?\63<C3FA"*M(QA_7,RDR#S
M%8KD8<K!PTGG80P>EIA[P_`4<T:3UL&75S>W<W3Q?O;A)_C,T?P:S=Y_?'?]
M7W]V\?9F-G-'$7W/OX/O^4OX_AD9`B--6]>#MQ4EX/D,GCX55-#6\?.-K=&E
MK>H&76Q-L81/@YH2S;:[O#SZLXMU98P_^HP3W+@O1-*703">%*94>77A+5`6
M3:(:ND@PJKU,,A5*2-(%YT/W1%*%/VE\K)3#!\:[N!<8L-K&/4[()-9;YGH8
MEI#SE>A]3KD+4>?S9=J8)4IK5*[03R8SVX6I$!$31#'6$P0Q"&_"5+#&%A"N
MBR-*BV4LC5U^(+1_,YQ)YA6&&I%`.A.MQ@O3'(PIT/NT*$#Y;#-!5T565KNR
M\K:TX#&Q=`2,#)4\`W8H8.4D\82=5S^6VUU:'&.)5?@)0V/AA$*`]A(!)QQ#
M")YP$NV%ZN$+)40SW4<=$_[$19V+^AOXYXANI^A-6F2V*'VHQ0(O46<.,TYY
MD/C:E3'-9"NTK5'&1$N/XLR!QA4=!MH7"7D:3>H)Q]&H"#Q?:7EVBM7+C$9O
M&9`$I;I7QJ94<]4V$*]N9C]>S2_>W49TJ/@.#A4OX=#G.:M*0M;#DO..'%"F
M@:\\35I3=U2C9I,V*#-5D]KB418[06:U,EEC[TS'+]ZG5;9Q;J,]O>CH1%_2
M7=GNBEIDFJ%8X*(X42>:T9X<!DDO-I_09*#,.?(\('5H/1.JMQX>+]30^H<O
M-!J]29[P0#2>P4X^/U_ZITP%J5'3/SU_A]W+C)?^G1`<IALJX9B%Z8:D73-S
M.[^8^_D%NKX\QS!#ZO.[NI<9S=50&*24/0TD0HB.!GZX_A0K)=$@\J$KOZTW
M?L9(K8)$I:><`>UO)<Y_GMW,+J]O9K'>(/"87C)X5PO)^_3+!?1V;2!#XUV@
MK"QJNS30U=JR</735:%569EU:8NU+Y`E7*K0NBR7_O0NS??I(C</OSKQ7ZR@
MN;>[QJ^K]ZN5S:PILJ-[[F%CLPV*-VYR2!&!:BBF0L7AS)\XD\$0X^A`]EM1
M'G*S7)MEJ_@NK1IK:N06-"7JU[FJY'C%JLSS\E#_*];@RL%!Q"?MDI^?8_8R
M8W),R4Z==>(&?9D[9I3(KK$F4V?D__N9.PAX0EJ[N521&1?`MXYF`D:`O/8X
M\7S5+!^?K]HZA%&WS*&B,G7C)TB`/=OXP9>%D#NZ,6UETIATU&T+=80L2608
M/V!W[*</T>,<(JY7(FJ81]EX^HLPQ['ABQ42ZIP<GA`^D$@2TDU*(:-BB77?
MO1D4NIAZD^8Y@*9JN[&/$.Q0(``+;_-RD>;HS;ZVA:EK=+WKRD;M03&[AVZL
M'A2@KC^;H(-M-OY*NF\V964;N+;<^U0=T\\RY!,-?Z&0<'_23^K`NITK@0N;
M6Z_1TM1991<`;@=\`+A;!6K74"OW=5-NT\KF1T!^UGH%(%_OH2B6KE":6"U!
MPO7`H'.T/DF2!(DQ<2Z2\Y>S7F;,<B9XF,-SY6B!'YEPI7H:0[^RG#TR8-FF
M1[0PR-R;;-^5H^T^;^S.$[N]VXYQG*B>()/Z$.T(7`MQ^.;2E3E7TQ#`<FV+
M-)^@Q1ZH']P.JR.^^]/F&M,#B"K=0[0IU\8SUU9EQU8;VX"QJ"Q,!TU(65"<
MP?BZJ?;.+[%`R#`)*D>%!#E_Z1.QQ\T`B42'.D0U#GLGP/!8U\VP;\=$'Q//
MTKI^T;+,?,348,O*5&[SLFL<0N)OCP>!%W'"!^\@42')$\V2``E-<9<W6K+9
MMC7=F+6$)F_8`+6=&Y3GVBP=,#R>7:4#]NON'KMV,-J.U,F.J/$D0CQ!RNBW
MK!.E^RWKKPFF_C-P;%FA/<00Q!<XU#?27WHZA.N'TE\ZGE)K;GU_#<]80";V
M<75R?+O6Q]@1LGA1P#4_X3[&#*W3$%_(06=-9%^2#FE5I84S;`)/WT'$@!M:
MBC=QEF3EG2E2!Q=SGQDW(JB1"RH+U`?,!NM-X^8.0/<ZW,"7.@C%VRM3P;*8
M23EAY^<I2>PAL`,1';3=3'3-@:!4=CF9?U5.OH)<F=:FC?7"Q_^VK$S?$^RJ
M\L[6OF>`E.IVA%K:TCR6RNM-N<_=G@^LN$MSNYP@F^=F#4V(AZ8I(-8RXW'6
M82GB^\>GW\=H%M##E"3=STVZ!-O.HKR^OM/Q"L.1TSEH;-LKJV[@M@5'N`0S
M<$\LN&`>3(D95EP'^BNE"'6,47_RMY/S*6BZ!-/FVZ)L^@@XM)PX]3N*L`Z\
M;J$/M;ZVM[.<:*D(VB7^(D/WYT.1/SH!CYN*>IE18^8T^N6<AG:`:7_B8B;Y
M=GX8"O0:BEGE(FD!('6,J0-G.^+SA*_:PYFG`"VH\_10]Z"]=1-`=S(W]VD=
M*Z0$-$+\#$-E_AV&ROQ%ALK/;04"?^8L_!)$$NGF&>U/R3$/^_>?"6.W5V\_
M7,S_<S-#'R_>SM#E];MWUY]NX4X2T>?D._C\\<GM8"U%!(/?I`(\MO^GX(?_
MN4^UOT_"_=_]#:9X>YT_KA=YVA=,Z;[M2?K1%J3[+QWA5DK\MX1P\!N3R5]*
M>6`J$\0+H\%26#'[93P:C_X$H+?M]`T*96YD<W1R96%M#0H-"F5N9&]B:@T*
M#0HQ(#`@;V)J#0H\/`T*+T-O;G1E;G1S(%L@,B`P(%(@70T*+TUE9&EA0F]X
M(%L@,"`P(#8Q,B`W.3(@70T*+U!A<F5N="`T(#`@4@T*+U)E<V]U<F-E<R`\
M/`T*+T9O;G0@/#P-"B]&86)C,2`Q,"`P(%(-"B]&86)C."`Y(#`@4@T*/CX-
M"B]0<F]C4V5T(%L@+U!$1@T*+U1E>'0-"B]);6%G94(-"B]);6%G94,-"B])
M;6%G94D@70T*/CX-"B]4>7!E("]086=E#0H^/@T*96YD;V)J#0H-"C(@,"!O
M8FH-"CP\#0HO1FEL=&5R("]&;&%T941E8V]D90T*+TQE;F=T:"`X-C0-"CX^
M#0IS=')E86T-"GB<Y5A9;]-`$'ZWY/\PCP6U[MX';TUPH8@F)8E4$/#@.AMJ
M5)QBF_/7,[M)G-(#FI+D!46V,MF=^>;:;W?3>1U'G^.(),I*(/X3OC&5*`K4
M)DI!_BF.&&A*$VN9H6`(`2XM5"Z.3J&,(YR(G^J#GZ:D#A,DY?/I?MHD@."H
MFH^2JZ/!2&<41_N'V5EN@'(8H4;P)IBEX1L%A2_""8S0(\L3QJG$J3_C:(\D
M^#MA,/H61SM'/3@]&O72X1!.GZ>#M'_X"$8?XRA%B%<K>$+O]H1:LW2%)%1+
M3-<H#YX(%@3OR2XTYPXNLZHI7`WGV5<'[KO+OS1NC"-%#8=%53=P\,F58WP:
MR&J83H+2.&L<3,)P=C9%Q6]5T32N3-8>B^)R&<L.K#]7#,U3.:L:2SC1RH:J
M[;QC@JP?3B[A'AK-'WJ0,X'VR;P)14(-86P63K=_?'+0>_-D$QFT9IL)7*!M
M*']6MVM86*/M<@T;/5\YQP>]WL$H[3[?A:->MS\XZ0]0?+J1U,JMIE;^6VK_
M$@O;:BQLD[$8N\U8%F@;:GFC9N:-22SE>K9M[:3')R_[;])T_901,+EL]R<A
MKNQ/0?"K;+_>AT%6CG_`,(%.5N9%.?W-E9GAP3/OT8LX>@OO41S'$9I/,&><
MX1L1!)>M>!%'P_7$(+AJ8[C9!/_3,ZO)O</>3#>Q]K3#J.*+;N(Z"+Z;KG?2
M+IQ4KB[&_F#S[&)ZEEU`YTM=E*ZNH7_IJJPIIF4-J`7I]\NLK%'<")&0K1()
MV20I:KW-6!9H-V,)ASJI0!N<*FXW3.\PK(U%97]&#NWD-Y%\'L1M.!9I@"GA
M_5EY.Q3DCFS=+(Y6`4FSE8&"Z@)))H91.N?WSH\;S,Z%"3B"KPX4=,5B&3)F
MB6I)70>A)?7IF:OP8I'`L"C+:=/<C]6%00*W7,]972[%EM5]P;W_='7W@^J=
M%;FM\A@2]U@/J#R]=^5#5A%)B-5[+.C2EACQ&F5;8E1!",1XO1J[T)VNTPV!
M%'PE8H'WDWG$>^N%T2V,/ZY;+ML&I%*AQ1!N][QP$Z1T?]$M\.;:GTR*W%6!
MZ&=CP[QP9=Z.K--'C72R\/%6VM*"/8BU@JJ^)V=I9AX$@I4#S?E?4:YH^K]F
M;`!CL_]:'H<9Z>LXBJ-?:UBH/`T*96YD<W1R96%M#0H-"F5N9&]B:@T*#0HS
M(#`@;V)J#0H\/`T*+U1Y<&4@+T]U=&QI;F5S#0H^/@T*96YD;V)J#0H-"C0@
M,"!O8FH-"CP\#0HO0V]U;G0@,@T*+TMI9',@6R`X(#`@4B`Q(#`@4B!=#0HO
M5'EP92`O4&%G97,-"CX^#0IE;F1O8FH-"@T*>')E9@T*,"`U#0HP,#`P,#`P
M,#`P(#8U-3,U(&8-"C`P,#`P,#,Y,3<@,#`P,#`@;@T*,#`P,#`P-#$S-2`P
M,#`P,"!N#0HP,#`P,#`U,#@T(#`P,#`P(&X-"C`P,#`P,#4Q,C@@,#`P,#`@
M;@T*=')A:6QE<@T*/#P-"B]3:7IE(#4-"CX^#0IS=&%R='AR968-"C$X,PT*
')25%3T8-"C\_
`
end
</PDF>

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00166-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00166-of-00352.parquet"}]]