Exhibit 10.2
AGREEMENT FOR EXTENSION OF EMPLOYMENT
AND NONCOMPETITION AGREEMENT
AGREEMENT FOR EXTENSION OF EMPLOYMENT AND NONCOMPETITION AGREEMENT,
dated December 6, 2005, by and between Xxxxx Xxxxxxx (the "Executive") and
Reckson Associates Realty Corp. (the "Employer").
Reference is made to that certain (i) Amendment and Restatement of
Employment and Noncompetition Agreement (the "Employment Agreement"), dated as
of August 15, 2000, by and between the Executive and the Employer and (ii)
Agreement for Extension of Employment and Noncompetition Agreement (the
"Initial Extension Agreement"), dated September 27, 2005, by and between the
Executive and the Employer.
WHEREAS, the Initial Extension Agreement extended the term of the
Employment Agreement in all respects through and including December 31, 2005;
and
WHEREAS, the Executive and the Employer wish to further extend the
term of the Employment Agreement in all respects through and including
February 28, 2006.
NOW, THEREFORE, the Executive and the Employer hereby agree as
follows:
1. The term of the Employment Agreement is extended through and
including February 28, 2006. The Employment Agreement shall terminate on March
1, 2006 unless extended for such period or periods, if any, as agreed to by
the Executive and the Employer.
2. In accordance with the foregoing, all rights, duties and
obligations set forth under the Employment Agreement shall be in full force
and effect through and including February 28, 2006.
[SIGNATURES ON NEXT PAGE]
IN WITNESS WHEREOF, this Agreement for Extension of Employment and
Noncompetition Agreement is entered into as of the date first set forth above.
RECKSON ASSOCIATES REALTY CORP.
By: /s/ Xxxxx Xxxxxxx
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Name: Xxxxx Xxxxxxx
Title: Executive Vice President and General
Counsel
/s/ Xxxxx Xxxxxxx
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Xxxxx Xxxxxxx
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