EXHIBIT 10.24
July 20, 2000
Xx. Xxxxxxx Xxxxxxxxxx
President Boys/Entertainment
Mattel, Inc.
000 Xxxxxxxxxxx Xxxxxxxxx
Xx Xxxxxxx, Xxxxxxxxxx 00000-0000
Re: Amendment to Your Employment Agreement
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Dear Matt:
Pursuant to action taken by Mattel's Executive/Finance Committee of
the Board of Directors of Mattel, Inc. on April 4, 2000, this letter agreement
constitutes an amendment to your Employment Agreement with Mattel.
Notwithstanding Section 5.4 of the Supplemental Executive Retirement
Plan (the "Plan"), in the event that your employment with Mattel is terminated
(i) by Mattel without Cause (as defined in your Employment Agreement) or (ii) by
you for Good Reason (as defined in your Employment Agreement) after you have
attained fifty-two years of age, your benefits under the Plan shall be fully
vested.
I would appreciate it if you would sign, date and return a copy of
this letter agreement to me. As such, it will constitute a written amendment to
your Employment Agreement.
Sincerely yours,
MATTEL, INC.
By /s/ Xxxx Xxxx
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Xxxx Xxxx, Senior Vice President
Human Resources & Administration
Agreed to and accepted by:
/s/ Xxxxxxx Xxxxxxxxxx
________________________ Dated: July 23, 0000
Xxxxxxx Xxxxxxxxxx -------
