EX-10.03 4 ex_126969.htm SECOND AMENDMENT TO EMPLOYMENT AGREEMENT, BY AND BETWEEN NAI AND MICHAEL E. FORTIN, EFFECTIVE JULY 1, 2018

Exhibit 10.03

Second Amendment to

EMPLOYMENT AGREEMENT

This Second Amendment (“Amendment”) to the Employment Agreement by and between Natural Alternatives International, Inc., a Delaware corporation (“Company”), and Michael E. Fortin (“Employee”), dated effective as of October 1, 2015, and previously amended effective September 1, 2016 (“Agreement”), is made and entered into effective as of July 1, 2018. Unless otherwise defined herein, capitalized terms shall have the meanings given them in the Agreement.

1. Pursuant to Section 4(a) of the Agreement, Employee’s base salary is hereby increased to Two Hundred Twenty-Five Thousand dollars ($225,000) per year.

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

IN WITNESS WHEREOF, the undersigned have executed this Amendment as of September 20, 2018.

EMPLOYEE

/s/ Michael E. Fortin

Michael E. Fortin

COMPANY

Natural Alternatives International, Inc.,

a Delaware corporation

/s/ Kenneth E. Wolf

Kenneth E. Wolf, President