DISNEY CORPORATE SERVICES CO., LLC Burbank, California 91521 As of March 27, 2023
Exhibit 10.2
DISNEY CORPORATE SERVICES CO., LLC
000 Xxxxx Xxxxx Xxxxx Xxxxxx
Burbank, California 91521
As of March 27, 2023
Xx. Xxxxxxx X. Xxxxxxxxx
Senior Executive Vice President,
General Counsel and Chief Compliance Officer
The Xxxx Disney Company
000 Xxxxx Xxxxx Xxxxx Xxxxxx
Burbank, California 91521
RE: Amendment to that certain Employment Agreement, dated as of December 21, 2021, by and between Disney Corporate Services Co., LLC and Xxxxxxx X. Xxxxxxxxx, as amended (the “Employment Agreement”); and to that certain Indemnification Agreement, dated as of December 21, 2021, by and between The Xxxx Disney Company and Xxxxxxx X. Xxxxxxxxx, as amended (the “Indemnification Agreement”).
Dear Xx. Xxxxxxxxx:
This letter agreement will confirm that the Employment Agreement and Indemnification Agreement are hereby amended as follows, effective as of March 27, 2023:
1. The first sentence of Paragraph 2 of the Employment Agreement is hereby deleted in its entirety and replaced with the following:
During the Employment Period, Executive shall serve as Senior Executive Vice President, General Counsel and Chief Compliance Officer, The Xxxx Disney Company, and in such other positions with the Company and its subsidiaries consistent with Executive’s position as Senior Executive Vice President, General Counsel and Chief Compliance Officer, The Xxxx Disney Company, as the Company reasonably may assign.
2. References to “Senior Executive Vice President and General Counsel, The Xxxx Disney Company” in the definition of “Termination for Good Reason” in Paragraph 5(e) of the Employment Agreement are hereby deleted and replaced with “Senior Executive Vice President, General Counsel and Chief Compliance Officer, The Xxxx Disney Company.”
3. The reference to “Senior Executive Vice President and General Counsel, The Xxxx Disney Company” in the third paragraph of the Indemnification Agreement is hereby deleted and replaced with “Senior Executive Vice President, General Counsel and Chief Compliance Officer, The Xxxx Disney Company.”
As amended hereby, the Employment Agreement and the Indemnification Agreement shall continue in full force and effect in accordance with their terms. If the foregoing accurately reflects your understanding of our mutual agreement, please so indicate in the space provided below and return an executed copy hereof to us at your earliest convenience.
Very truly yours, | |||||||||||
DISNEY CORPORATE SERVICES CO., LLC | |||||||||||
By: | /s/ Xxx Xxxxxxxxxx | ||||||||||
President | |||||||||||
Date: | April 21, 2023 |
ACCEPTED AND AGREED TO: | ||||||||
/s/ Xxxxxxx X. Xxxxxxxxx | ||||||||
Xxxxxxx X. Xxxxxxxxx | ||||||||
Date: | April 21, 2023 |