EXHIBIT 10.3
Amendment No. 2 dated December 23, 2004
(Termination of Employment Agreement)
To
Employment Agreement dated November 12, 2002
Amendment No. 2 (this "Amendment") dated December 23rd, 2004 to
Employment Agreement (the "Agreement") dated November 12, 2002 between EasyLink
Services Corporation ("EasyLink") and Xxxxxx Xxxxxx (the "Executive"), amended
previously on November 12, 2003.
WHEREAS, the Company and the Executive desire to terminate the
Agreement on the terms and conditions set forth herein;
NOW, THEREFORE, in consideration of the terms and conditions of that
certain Domain Portfolio Purchase Agreement of even date herewith, the Company
and the Executive hereby agree as follows:
1. The parties hereto hereby agree that, except as expressly set forth below,
the Agreement is terminated effective this even date herewith.
2. The following provisions of the Agreement, as previously amended, shall
survive this termination:
a. Section 5 concerning "Confidentiality and Restrictive Covenants;"
b. Section 6 concerning "Intellectual Property;" and
c. Section 8 containing miscellaneous provisions.
IN WITNESS WHEREOF, the Company and the Executive have executed this
Agreement as of the date first written above.
EXECUTIVE EASYLINK SERVICES CORPORATION
/s/Xxxxxx Xxxxxx By: /s/Xxxxxx Xxxxxxxx
-------------------------- ---------------------------------------
Xxxxxx Xxxxxx Name: Xxxxxx Xxxxxxxx
Title: President & Chief Executive Officer
