EXHIBIT 10.14 AMENDMENT TO EMPLOYMENT AGREEMENT AGREEMENT dated as of May 21, 2001 between __________________ (Employee") and Chemed Corporation (the "Company"). WHEREAS, Employee and the Company have entered into an Employment Agreement dated as of May 2, 1988 and amended May 15, 1989, May 21, 1990, May 20, 1991, May 18, 1992, May 17, 1993, May 16, 1994, May 15, 1995, May 20, 1996, May 19, 1997, May 18, 1998, May 17, 1999 and May 15, 2000 ("Employment Agreement"); and WHEREAS, Employee and the Company desire to further amend the Employment Agreement in certain respects. NOW, THEREFORE, Employee and the Company mutually agree that the Employment Agreement shall be amended, effective as of May 21, 2001, as follows: A. Section 1.1(b) is hereby deleted in its entirety. B. The base salary amount set forth in the first sentence of Section 2.1 of the Employment Agreement is hereby deleted and the base salary amount of $__________ per annum is hereby substituted. C. The amount of unrestricted stock award recognized in lieu of incentive compensation in 2000 is $__________. Except as specifically amended in this Amendment to Employment Agreement, the Employment Agreement, as amended, shall continue in full force and effect in accordance with its terms, conditions and provisions. IN WITNESS WHEREOF, the parties have duly executed this amendatory agreement as of the date first above written. EMPLOYEE __________________________ CHEMED CORPORATION __________________________ SCHEDULE TO EXHIBIT 10.14 Current Current Current(a) Expiration Salary and Stock Award Date of Name and Position Bonus Compensation Agreement (b) - ----------------- ---------- ------------ ------------- E. L. Hutton $ 350,000 $ 649,077 5/3/2002 Chairman and Chief 582,165 Executive Officer K. J. McNamara 391,100 222,219 5/3/2005 President 245,327 S. E. Laney 232,400 138,009 5/3/2005 Senior Vice President 231,540 and Chief Administrative Officer T. C. Hutton 210,700 71,737 5/3/2005 Vice President 46,669 (a) Amount of unrestricted Chemed stock awards recognized in lieu of incentive compensation in 2000. (b) No extension of term is proposed.