Exhibit 10.12.1
March 26, 2002
Xxxx Xxxxx
C/o MeriStar Hotels & Resorts, Inc.
0000 Xxxxxxx Xxxx
Xxxxxxxxx, XX 00000
Re: Employment Agreement dated April 1, 2000 between MeriStar Hotels
& Resorts, Inc. and MeriStar Management Company, LLC
Dear Xxxx:
Your Employment Agreement is hereby amended, effective as of
November 1, 2001, as follows:
Sections 2(a) and (c) of the Employment Agreement are amended
to reflect that you will serve in the position of, and maintain the
title of, "President and Chief Operating Officer" of the Company and
LLC.
Newly added Section 2(d): "While it is understood that the
right to elect directors of the Company is by law vested in the
stockholders and directors of the Company, it is nevertheless mutually
contemplated that, subject to such rights, during the Term the
Executive will serve as a member of the Company's Board of Directors."
Section 3(a) of the Employment Agreement is amended to adjust
your base salary amount to "an aggregate annual rate of not less than
$230,000 per annum."
Except as expressly amended hereby, all of the terms and conditions of
your Employment Agreement shall remain in full force and effect. Please
acknowledge your agreement to the above by signing and dating this letter in the
space set forth below.
Sincerely,
Xxxxxxxxxxx X. Xxxxxxx
Senior Vice President and General Counsel
Intended to be legally bound hereby,
The undersigned acknowledges and agrees
to all of the foregoing as of this 26
day of March, 2002.
/s/ Xxxx Xxxxx
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Xxxx Xxxxx
