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October 17, 1995
Xxxxxxx X. Xxxx
00 Xxxxx Xxxx
Xxxxxx, XX 00000
Re: Amendment to Employment Agreement
Dear Xx. Xxxx:
Reference is made to the Employment Agreement made and entered into as
of August 29, 1994 by and between IPC Information Systems, Inc. ("Company") and
you ("Agreement"). Section 3 of the Agreement addresses your title and duties
thereunder and states that you shall serve as Chief Operating Officer of the
Company with certain enumerated duties, receiving the compensation specified in
Section 4, and that you shall be subject to the direction of the Chairman and
Vice Chairman of the Company.
By execution of this letter agreement you agree that, upon the
appointment by the Board of Directors of a Chief Executive Officer and
President, you shall thereafter be subject to the direction of such officer.
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If the proposed amendment meets with your approval, kindly signify your
acceptance by signing the enclosed copy of this letter where indicated and
returning it, whereupon the Agreement shall, in accordance with Section 24
thereof, be deemed amended.
Yours very truly,
IPC INFORMATION SYSTEMS, INC.
By:__________________________
______________________________ Name: Xxxxxx Xxxxxxx
Title: Corporate Secretary
ACCEPTED AND AGREED TO
AS OF OCTOBER 17, 1995
______________________________
Xxxxxxx X. Xxxx
