Exhibit 10(aa)
As of January 1, 1997
Xx. Xxxxxx X. Xxxxxxx
00 Xxxxxxxx Xxxxx
Xxxxxxx, Xxx Xxxx 00000
Dear Xx. Xxxxxxx:
This is to confirm our agreement that, effective as of January 1, 1997,
the Employment Agreement between us dated as of June 3, 1991 and modified
October 7, 1991, October 17, 1994 and January 1, 1996 (the "Agreement") is
further amended as follows:
1. Section 1.01 of the Agreement is hereby deleted in its
entirety and the following substituted therefor:
1.01 Term. Company hereby employs Executive, and Executive
hereby accepts employment with Company with the duties hereinafter set
forth, for a period commencing on June 3, 1991 and ending December 31,
2000 subject, however, to earlier termination in accordance with the
provisions of this Agreement. This Agreement shall automatically renew
on a year-to-year basis unless terminated by either party hereto giving
written notice to the other at least 90 days prior to December 31, 2000
or any December 31 thereafter.
2. In all other respects, the Agreement shall continue in full force and
effect in accordance with its original terms.
If the foregoing sets forth a correct statement of our agreement,
please sign the duplicate hereof in the place indicated and return it to us.
Sincerely,
4KIDS ENTERTAINMENT, INC.
By
Xxxxxx X. Xxxx, Chairman
ACCEPTED AND AGREED:
Xxxxxx X. Xxxxxxx
