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EXHIBIT 10.16
June 6, 1997
Xx. Xxxxxx X. Xxxxxx
President
Florists' Transworld Delivery, Inc.
0000 Xxxxxxxxx Xxxxx
Xxxxxxx Xxxxx, XX 00000
Dear Xxx:
This letter confirms our prior agreement that the EBITDA targets for
FTD's 1997 fiscal year specified in the Key Management Incentive Plan shall
replace the EBITDA targets for FTD's 1997 fiscal year set forth in your
October 17, 1997 letter.
Sincerely,
/s/ Xxxxxxx Xxxxx
Xxxxxxx Xxxxx
Chairman of the Board
Accepted as of this
6th day of June, 1997:
/s/ Xxxxxx X. Xxxxxx
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Xxxxxx X. Xxxxxx