July 28, 2006 Mr. Henry R. Silverman Chairman and Chief Executive Officer Cendant Corporation 9 West 57th Street, 37th Floor New York, New York, 10019 Dear Mr. Silverman:
Exhibit 10.10
July 28, 2006
Xx. Xxxxx X. Xxxxxxxxx
Chairman and Chief Executive Officer
Cendant Corporation
0 Xxxx 00xx Xxxxxx, 00xx Xxxxx
Xxx Xxxx, Xxx Xxxx, 00000
Chairman and Chief Executive Officer
Cendant Corporation
0 Xxxx 00xx Xxxxxx, 00xx Xxxxx
Xxx Xxxx, Xxx Xxxx, 00000
Dear Xx. Xxxxxxxxx:
Reference is made to the Letter Agreement (the “Letter Agreement”), dated as of June 26, 2006,
between you and Cendant Corporation (the “Company”). Capitalized terms not defined herein shall
have the meanings ascribed to such terms in the Letter Agreement.
Paragraph 3(b)
of the Letter Agreement provides for a lump sum cash payment to be made to you in full
satisfaction of the Company’s obligation to make Cash Bonus Payments pursuant to Section 7A of (and
Exhibit C to) the First Amendment. The amount of such lump sum payment was incorrectly set forth as
$18,700,000. In order to effectuate our mutual intent, you and the Company agree that the amount of
such lump sum payment shall be $19,202,794.
In order to evidence your agreement to the foregoing, please sign and return the enclosed copy of
this document, which shall constitute a binding agreement between you and the Company.
