Exhibit 10.11(f)
AMENDMENT
TO
EMPLOYMENT AGREEMENT
THIS AMENDMENT TO EMPLOYMENT AGREEMENT (the "Amendment") is made
December 20, 2001 by and between Valassis Communications, Inc. (the
"Corporation") and Xxxx X. Xxxxxxx (the "Executive").
WHEREAS, the Corporation and the Executive entered into that certain
Employment Agreement effective as of March 18, 1992, as amended on December 22,
1994, January 3, 1995, December 19, 1995 and September 15, 1998, December 16,
1999 and March 14, 2001 (the "Employment Agreement"); and
WHEREAS, the Corporation and the Executive desire to amend the
Employment Agreement to reflect an increase in the Executive's Annual Base
Salary.
NOW THEREFORE, in consideration of the above recitals, the parties
hereto agree as set forth below.
1. The first sentence of Section 3(a) of the Employment Agreement shall
be amended to read as follows:
"The Executive's Annual Base Salary ("Annual Base Salary"),
payable on a biweekly basis, shall be at the annual rate of not less
than $630,000 effective January 1, 2002."
2. All other terms of the Employment Agreement shall remain in full
force and effect.
3. This instrument, together with the Employment Agreement, contains
the entire agreement of the parties with respect to the subject matter hereof.
IN WITNESS WHEREOF, the Executive and the Corporation have caused this
Agreement to be executed as of the day and year first above written.
/s/ Valassis Communications, Inc.
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/s/ Xxxx X. Xxxxxxx
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