Document:

Exhibit
10.2

    

    SECOND
AMENDMENT TO

    EMPLOYMENT
AGREEMENT

    

    THIS SECOND AMENDMENT TO EMPLOYMENT
AGREEMENT (the “Amendment”) is made,
effective as of the 3rd day of
September, 2010, by and between IVAX Diagnostics, Inc. a Delaware corporation
(the “Company”), and Kevin
Clark (the “Executive”).

    

    WHEREAS, the Company and the Executive
are parties to that certain Employment Agreement, dated effective as of March
27, 2009, as amended on August 31, 2010 (the “Employment
Agreement”); and

    

    WHEREAS, the Company and the Executive
desire to further amend the Employment Agreement in the manner set forth in this
Amendment to reflect the Executive’s appointment to serve as President and Chief
Executive Officer of the Company as well as his continued service as Chief
Operating Officer of the Company.

    

    NOW, THEREFORE, in consideration of the
premises and the covenants and agreements set forth herein, and for other good
and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the Company and the Executive hereby mutually agree as
follows:

    

    1.           Scope of
Employment.  Section 1 of the Employment Agreement is hereby
deleted in its entirety and replaced with the following:

    

    “The
Company hereby agrees to employ the Executive, and the Executive hereby agrees
to be employed by the Company, as President, Chief Executive Officer and Chief
Operating Officer of the Company. The Executive shall have the customary
responsibilities and authority of such positions and shall perform such duties
consistent with the responsibilities of such positions as may be determined and
assigned to the Executive by the Board of Directors of the Company (the
“Board”). The Executive shall devote his best efforts and his full business
time, attention and energies to Company affairs as are necessary to fully
perform his duties for the Company.”

    

    2.           Miscellaneous.  The
validity, interpretation, construction and performance of this Amendment shall
be governed by the laws of the State of Florida, without regard to its conflicts
of law principles.  Except as specifically amended by this Amendment,
the Employment Agreement shall remain unaffected and in full force and
effect.

    

    [Signature
page follows]

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    IN WITNESS WHEREOF, each of the Company
and the Executive has duly executed this Amendment as of the day and year first
above set forth.

    

    
      
        
          
            	
                    COMPANY:

                  	 	
                    EXECUTIVE:

                  
	 
      	 	 
      
	
                    IVAX
      Diagnostics, Inc.

                  	 	 
      
	 
      	 	 
      
	
                    By:

                  	
                    /s/ Suresh Vazirani

                  	 	
                    /s/ Kevin Clark

                  
	 
      	
                     Suresh
      Vazirani,

                  	 	
                    Kevin
      Clark

                  
	 
      	
                     ChairmanExhibit
10.3

    

    AMENDMENT
TO

    EMPLOYMENT
AGREEMENT

    

    THIS AMENDMENT TO EMPLOYMENT AGREEMENT
(the “Amendment”) is made
as of this 1st day of
September, 2010, by and between IVAX Diagnostics, Inc. a Delaware corporation
(the “Company”), and Arthur
Levine (the “Executive”).

    

    WHEREAS, the Company and the Executive
are parties to that certain Employment Agreement, dated effective as of April 5,
2010 (the “Employment
Agreement”); and

    

    WHEREAS, the Company and the Executive
desire to amend the Employment Agreement in the manner set forth in this
Amendment.

    

    NOW, THEREFORE, in consideration of the
premises and the covenants and agreements set forth herein, and for other good
and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the Company and the Executive hereby mutually agree as
follows:

    

    1.           Scope of Employment.
Section 1 of the Employment Agreement is hereby deleted in its entirety and
replaced with the following:

    

    “The
Company hereby agrees to employ the Executive, and the Executive hereby agrees
to be employed by the Company, as Chief Financial Officer and Vice President of
Finance of the Company. The Executive shall have the customary responsibilities
and authority of such positions and shall perform such duties consistent with
the responsibilities of such positions as may be determined and assigned to the
Executive by the Chairman of the Board of Directors of the Company (the
“Chairman”). The Executive shall devote his best efforts and his full business
time, attention and energies to Company affairs as are necessary to fully
perform his duties for the Company.”

    

    2.           Base
Salary.  The first sentence of Section 2(a) of the Employment
Agreement is hereby amended to delete the dollar amount of “$135,000” and to
replace it with the dollar amount of “$170,000”.

    

    3.           Termination. The
final paragraph of Section 4 of the Employment Agreement is hereby deleted in
its entirety and replaced with the following:

    

    “The
Company shall provide the Executive with written notice describing any event or
condition that gives the Company Cause for terminating this Agreement and the
Executive’s employment hereunder. Only in the case of conduct described in
paragraph (iv) above, Cause will not be considered to exist unless the Executive
is given thirty (30) days after the date of such written notice to cure such
breach to the reasonable satisfaction of the Chairman. If the Executive cures
such breach to the reasonable satisfaction of the Chairman within such thirty
(30) day period, then the Company shall not be entitled to terminate this
Agreement and the Executive’s employment hereunder for Cause.”

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    4.          Miscellaneous.  The
validity, interpretation, construction and performance of this Amendment shall
be governed by the laws of the State of Florida, without regard to its conflicts
of law principles.  Except as specifically amended by this Amendment,
the Employment Agreement shall remain unaffected and in full force and
effect.

    

    [Signature
page follows]

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    IN WITNESS WHEREOF, each of the Company
and the Executive has duly executed this Amendment as of the day and year first
above set forth.
 

    
    

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                	
                                        COMPANY:

                                      	 	
                                        EXECUTIVE:

                                      
	 
      	 	 
      
	
                                        IVAX
      Diagnostics, Inc.

                                      	 	 
      
	 
      	 	 
      
	
                                        By:

                                      	
                                        /s/
      Kevin Clark

                                      	 	
                                        /s/
      Arthur Levine

                                      
	

                                        Name:
      Kevin Clark 

                                      	 	

                                        Arthur
      Levine 

                                      
	Title:
      Chief Executive
      Officer/Chief Operating Officer 	 	 

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

    
      
         

      

      
        3Unassociated Document

    Exhibit
10.4

    

    CONFIDENTIAL GENERAL RELEASE
OF ALL CLAIMS

    

    This Confidential General Release of
All Claims (“Agreement”) is entered into between IVAX DIAGNOSTICS, INC., along
with its parents (including, without limitation, Erba Diagnostics Mannheim
GmbH), predecessors, successors, subsidiaries (including, without limitation,
Delta Biologicals, S.r.l, ImmunoVision, Inc. and Diamedix Corporation),
affiliates, related entities, divisions, assigns, and all of its and their
current, former, and future owners, officers, directors, shareholders,
investors, members, employees, consultants, attorneys, insurers, and assigns
(collectively “IVD”), and STEVE
E. LUFKIN, along with his heirs, successors, and assigns (collectively
“LUFKIN”), on the date ascribed below.

    

    WHEREAS, by letter dated
September 1, 2010 (a copy of which is attached hereto as Exhibit 1 and
incorporated herein by reference), LUFKIN voluntary terminated his employment
with IVD effective September 30, 2010 (the “Termination Date”), for “Good
Reason,” as that term is defined in Section 5(c) of the Employment Agreement
executed by and between IVD and LUFKIN on or about January 4, 2010 (a copy of
which is attached hereto as Exhibit 2 and incorporated herein by reference) (the
“Employment Agreement”).

    

    WHEREAS, this Agreement is the
Release referenced in Section 7(c) of the Employment Agreement, and execution of
this Agreement is a precondition to IVD’s obligation to pay any Severance
Payment to LUFKIN under the Employment Agreement;

    

    WHEREAS, LUFKIN desires to
compromise, finally settle, and fully release any and all actual or potential
claims that he ever had, or now has, against IVD;

    

    WHEREAS, LUFKIN acknowledges
that he consulted with counsel of his own choosing before executing this
Agreement.

    

    NOW, THEREFORE, in
consideration of the foregoing and the agreed-upon terms set forth below, IVD
and LUFKIN agree as follows:

    

    1.        
 The recitals above are true and correct and are incorporated herein as
material terms of this Agreement.

    

    2.           (a)             In
consideration for the promises set forth in this Agreement and the payments to
be made to LUFKIN under the Employment Agreement, LUFKIN releases and forever
discharges IVD from any and all claims, demands or liabilities, whether known or
unknown, that LUFKIN ever had or may now have against IVD from the beginning of
time to the date of this Agreement, except as otherwise expressly set forth in
clauses (i) through (v) of the last sentence of paragraph 2(b)
below.

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    (b)           The
general release of claims set forth in paragraph 2(a) above includes, without
limitation, all claims, demands or liabilities relating to or arising out of
LUFKIN’s employment with and separation of employment from IVD, including,
without limitation, any claims, demands or liabilities for wrongful termination,
constructive discharge, assault, battery, defamation, invasion of privacy, all
claims based on negligent and/or intentional conduct,  unpaid wages,
severance or separation payments, termination benefits, payments for accrued but
unused vacation or time-off, bonus or incentive payments, reimbursements,
benefits or the value thereof, breach of any express or implied contract
(including, without limitation, the Employment Agreement), breach of any
covenant of good faith and fair dealing, or pursuant to any federal, state, or
local employment laws, rules, regulations, ordinances, or executive orders
prohibiting retaliation, coercion, intimidation, interference, harassment, or,
inter alia, age, race,
color, religion, sex, gender, national origin, handicap, disability, genetic
information, marital status, ancestry, familial status, and sexual orientation
discrimination, including, without limitation, claims arising
under:

    

    the Age
Discrimination in Employment Act (“ADEA”) and the Older Workers Benefit
Protection Act (“OWBPA”), 29 U.S.C. § 621, et. seq.

    

    Title VII
of the Civil Rights Act of 1964, as amended, 42 U.S.C. § 2000e, et. seq. (“Title
VII”)

    

    the
Family and Medical Leave Act, as amended, 29 U.S.C. § 2601, et. seq.
(“FMLA”)

    

    the
Americans with Disabilities Act, as amended, 42 U.S.C. § 12101, et. seq. (“ADA”)

    

    the
Rehabilitation Act of 1973, as amended, 29 U.S.C. § 701, et. seq.

    

    the Equal
Pay Act, 29 U.S.C. § 206, et.
seq.

    

    the Civil
Rights Acts of 1866 and 1871, 42 U.S.C. §§ 1981, 1982, 1983, 1985, and
1986

    

    the
Consolidated Omnibus Budget Reconciliation Act (“COBRA”)

    

    the
Employee Polygraph Protection Act, 29 U.S.C. § 2001, et. seq.

    

    the
Genetic Information Non-Discrimination Act of 2008

    

    the
Employee Retirement Income Security Act of 1974 (excluding any vested benefits
under a plan governed by ERISA), as amended, 29 U.S.C. § 1001, et. seq.

    

    the
Sarbanes-Oxley Act

    

    the
Immigration Reform and Control Act

    

    the Fair
Credit Reporting Act

    

    the
Health Insurance Portability and Accountability Act Of 1996
(“HIPAA”)

    

    the
Worker Adjustment and Retraining Notification Act (“WARN”)

    

    the
Florida Private Sector Whistleblower Act, § 448.101, et. seq., Fla.
Stat.

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    the
Florida Civil Rights Act of 1992, § 760.01, et. seq., Fla.
Stat.

    

    Florida’s
workers’ compensation retaliation statute, § 440.205, Fla. Stat.

    

    Florida’s
and Delaware’s wage payment and wage discrimination laws, including, without
limitation, §§ 448.07, 448.08, 448.110, Fla. Stat.

    

    the
Delaware Discrimination in Employment Act, Del. Code Ann., Title 19, § 710,
et. seq.

    

    the
Delaware Handicapped Persons Employment Protections Act, Del. Code Ann., Title
19, Ch. 7, § 720, et.
seq.

    

    the
Delaware Equal Pay Law, Del. Code Ann., Title 19, Ch. 11, § 1107A

    

    all local
and county ordinances governing the employment relationship

    

    the
Federal, State of Florida, and State of Delaware Constitutions

    

    any other
applicable federal, state, or local law, common or statutory, or tort or common
law cause of action, including, but not limited to, any cause of action for
costs, fees, expenses, attorneys’ fees, penalties, damages, and liquidated and
consequential damages incurred in these matters, which LUFKIN ever had, now has,
or shall have as of the date of this Agreement.

    

    LUFKIN
does not waive or release:  (i) claims that arise after the date he
executes this Agreement; (ii) claims for unemployment compensation benefits;
(iii) the 75,000 stock options granted to him on January 4, 2010, which stock
options have been awarded under, and are subject to the terms and conditions set
forth in, IVD’s 2009 Equity Incentive Plan and the Nonqualified Stock Option
Agreement relating to such stock options; (iv) claims for indemnification from
IVD that arise in connection with his past service as a director, executive
officer or employee of IVD (whether pursuant to the Employment Agreement or
pursuant to the Certificate of Incorporation, Bylaws or other organizational
document of IVD or pursuant to the Delaware General Corporation Law); and (v)
claims for payment by IVD of the Accrued Compensation (as such term is defined
in Section 7(b) of the Employment Agreement).

    

    3.           In
consideration for LUFKIN’s execution of this Agreement, IVD will:  (a)
make the “Severance Payment,” as that term is defined in Section 7(c)(i) of the
Employment Agreement, to LUFKIN; and (b) provide the benefits set forth in
Section 7(c)(ii) of the Employment Agreement to LUFKIN.

    

    4.           IVD
will pay the amount set forth in clause (a) of paragraph 3 within ten (10)
business days after receipt of this original Agreement executed by
LUFKIN.  In the event the Internal Revenue Service or any other taxing
authority challenges the parties’ tax treatment of the settlement payments set
forth in paragraph 3, then LUFKIN shall bear his own risk of the tax
consequences of the treatment of such payments, and shall hold harmless and
indemnify IVD for any costs, fees, penalties, and/or attorneys’ fees incurred by
IVD as a result of the parties’ tax treatment of the settlement payments set
forth in paragraph 3.

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    5.           LUFKIN
acknowledges and agrees that no consideration other than as provided for by this
Agreement has been or will be furnished by IVD.

    

    6.           
LUFKIN affirmatively declares that he is not owed any additional sum of money,
and that he is not entitled to any benefits, other than as set forth in this
Agreement.

    

    7.           LUFKIN
acknowledges and agrees that he continues to be bound by, among other things,
the covenants, agreements and obligations set forth in Section 8 of the
Employment Agreement, all of which survive the termination of his employment,
the termination of the Employment Agreement and LUFKIN’s execution of this
Agreement.  LUFKIN acknowledges and agrees that he has resigned from
any and all positions and titles with IVD, including, without limitation, as a
director, executive officer and employee.

    

    8.           Pursuant
to the provisions of the Older Workers Benefit Protection Act (“OWBPA”), which
applies to LUFKIN’s waiver of rights and claims under the Age Discrimination in
Employment Act, LUFKIN acknowledges that he has had a period of at least
twenty-one (21) days within which to consider whether to execute this
Agreement.  Also pursuant to the OWBPA, LUFKIN understands that he may
revoke his execution of this Agreement within seven (7) days of his execution of
this Agreement.  It is specifically understood, however, that this
Agreement shall not become effective or enforceable until the 7-day revocation
period has expired, and that IVD shall have no obligations to LUFKIN if LUFKIN
revokes his execution of this Agreement.

    

    9.           LUFKIN
is advised to consult with an attorney prior to executing this
Agreement.  LUFKIN acknowledges that he has had an opportunity to
consult with counsel of his own choosing before executing this
Agreement.

    

    10.         LUFKIN
fully understands that if any fact with respect to which this Agreement is
executed is found hereafter to be different from the facts now believed by
LUFKIN to be true, he expressly accepts and assumes the risk of such possible
difference in fact and agrees that this Agreement shall be and remain effective
notwithstanding such difference in fact.

    

    11.         This
Agreement does not constitute an admission of a violation of any law, order,
regulation, or enactment, or of wrongdoing of any kind by IVD and is entered
into by the parties solely to end any controversy between them.  IVD
expressly denies any and all wrongdoing and liability.

    

    12.         The
prevailing party shall be entitled to an award of attorneys=
fees and costs incurred in enforcing this Agreement or in defending any claim
brought in violation hereof, including, without limitation, costs and fees
incurred at the trial court and appellate levels.

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    13.         LUFKIN
represents and warrants that no person other than the signatories hereto had or
has any interest in the matters referenced in this Agreement, that LUFKIN has
the sole right and exclusive authority to execute this Agreement, and that
LUFKIN has not sold, assigned, transferred, conveyed, or otherwise disposed of
any claim or demand relating to any matter covered by this
Agreement.

    

    14.         This
Agreement shall be governed by, construed, and enforced in accordance with the
laws of the State of Florida, both substantive and remedial.  The
failure of any provision of this Agreement shall in no manner affect the right
to enforce the same, and the waiver by any party of any breach of any provision
of this Agreement shall not be construed to be a waiver by such party of any
succeeding breach of such provision or a waiver by such party of any breach of
any other provision.

    

    15.         This
Agreement represents the entire understanding and agreement between the parties
with respect to the subject matter hereof and there are no promises, agreements,
conditions, undertakings, warranties, or representations, whether written or
oral, express or implied, between the parties other than as set forth
herein.  This Agreement cannot be amended, supplemented, or modified
except by an instrument in writing signed by the parties against whom
enforcement of such amendment, supplement or modification is
sought.

    

    16.         This
Agreement may be executed in counterparts, and upon such execution shall be
complete, and the terms, provisions and obligations set forth shall be in full
force and effect.

    

    17.         In
the event that any provision or portion of this Agreement shall be determined to
be invalid or unenforceable for any reason, the parties agree that the remaining
provisions of this Agreement shall be unaffected thereby and shall remain in
full force and effect.

    

    18.         LUFKIN FURTHER STATES AND AGREES THAT
HE HAS CAREFULLY READ THIS AGREEMENT; THAT HE HAS HAD IT REVIEWED BY HIS
ATTORNEY; THAT IT HAS BEEN FULLY EXPLAINED TO HIM BY HIS ATTORNEY; THAT HE FULLY
UNDERSTANDS ITS FINAL AND BINDING EFFECT; THAT THE ONLY PROMISES MADE TO HIM TO
SIGN THIS AGREEMENT ARE THOSE STATED IN THIS AGREEMENT; THAT HE HAS HAD A
REASONABLE PERIOD OF TIME OF AT LEAST 21 DAYS WITHIN WHICH TO CONSIDER THE
AGREEMENT; AND THAT HE IS SIGNING THIS AGREEMENT VOLUNTARILY WITH THE FULL
INTENT OF RELEASING IVD OF ANY AND ALL CLAIMS.

    

    
      
        
          
            
              
                
                  	 	
                          /s/ Steve E. Lufkin

                        	 
      	
                          September 30, 2010

                        
	 	
                          Steve
      E. Lufkin

                        	
                            

                        	
                          Date

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