February 3, 2015 Mr. Alan N. Braverman Senior Executive Vice President, General Counsel and Secretary of The Walt Disney Company Burbank, California 91521 Dear Mr. Braverman:
Exhibit 10.2
February 3, 2015
Xx. Xxxx X. Xxxxxxxxx
Senior Executive Vice President, General Counsel and
Secretary of The Xxxx Disney Company
000 Xxxxx Xxxxx Xxxxx Xxxxxx
Xxxxxxx, Xxxxxxxxxx 00000
Dear Xx. Xxxxxxxxx:
Reference is made to your employment agreement with The Xxxx Disney Company (the “Company”), dated September 27, 2013 (the “Agreement”), which is scheduled to expire on March 31, 2016 (the “Expiration Date”). In connection therewith, you and the Company hereby agree to the following:
1. | Your employment by Company shall be extended through March 31, 2018 pursuant to the terms in effect as of the Expiration Date. In this regard, the definition “Scheduled Expiration Date in Section 5(e) of the Agreement is hereby amended to read “Scheduled Expiration Date means March 31, 2018.” |
2. | Commencing as of January 1, 2015, your Base Salary shall be $1,500,000, and any subsequent Base Salary shall be no less than $1,500,000. |
3. | The reference to the Company’s 2016 fiscal year in the last sentence of Section 3(b) of the Agreement is hereby amended to read “...Company’s 2018 fiscal year.” |
Except as specified above, the Agreement shall otherwise continue in accordance with its terms. Defined terms used, but not defined, in this letter have the meanings ascribed thereto in the Agreement. If you agree that the foregoing sets forth our full understanding regarding the amendment of the Agreement, please evidence your agreement and acceptance by counter-signing two copies of this letter where indicated below, returning one executed copy to us.
THE XXXX DISNEY COMPANY
By: /s/ M. XXXXX XXXXXX
Title: | Executive Vice President and Chief Human Resources Officer |
Date: February 4, 2015
/s/ XXXX X. XXXXXXXXX
Xxxx X. Xxxxxxxxx