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EXHIBIT 10.10(d)
AMENDMENT
TO
EMPLOYMENT AGREEMENT
THIS AMENDMENT TO EMPLOYMENT AGREEMENT (the "Amendment") is made
December 22, 1999 by and between Valassis Communications, Inc. (the
"Corporation") and Xxxxxxx X. Xxxxxxxx (the "Executive").
WHEREAS, the Corporation and the Executive entered into that
certain Employment Agreement effective as of March 18, 1992, as amended on
December 22, 1994, December 15, 1995 and December 11, 1998 (the "Employment
Agreement"); and
WHEREAS, the Corporation and the Executive desire to amend the
Employment Agreement to extend the term of employment under the Employment
Agreement.
NOW THEREFORE, in consideration of the above recitals, the parties
hereto agree as set forth below.
1. The first sentence of Section 3(a) of the Employment Agreement
shall be amended to read as follows:
"The Executive's Annual Base Salary ("Annual Base Salary"),
payable on a biweekly basis, shall be at the annual rate of not
less than $335,000 effective January 1, 2000."
2. All other terms of the Employment Agreement shall remain in
full force and effect.
3. This instrument, together with the Employment Agreement,
contains the entire agreement of the parties with respect to the subject matter
hereof.
IN WITNESS WHEREOF, the Executive and the Corporation have caused
this Agreement to be executed as of the day and year first above written.
VALASSIS COMMUNICATIONS, INC.
By:
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Name:
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Title:
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Xxxxxxx X. Xxxxxxxx
