EXHIBIT 10.68
March 07, 2003
Xx. Xxxxx Xxxx
0000 Xxxxxxx Xxxx
Xxxxxxxx, XX 00000
Dear Xxxxx:
This letter confirms our agreement to amend, effective February 24, 2003, your
employment agreement with PRG-Xxxxxxx USA, Inc. dated May 2, 2001 (the
"Agreement") in the following respects:
1. Base salary increase to $185,000.00 per annum (including employee
deferral) paid $7,115.38 bi-weekly to $210,000.00 per annum (adjusted
base salary including employee deferral is ($220,000.00) paid $8,076.92
bi-weekly in accordance with the Company's customary payroll
procedures. It should be noted that your compensation increased from
$165,000.00 to $185,000.00 in 2002.
2. Increase car allowance from $8,000.00 per annum, paid $666.67 monthly
to $15,000.00 per annum paid $1,250.00 monthly during your employment
and pro-rated for partial periods.
Except for the amendments above, the terms of the Agreement shall continue in
full force and effect as originally executed.
Should you have any questions, please give me a call.
Best wishes,
/s/ Xxxx Xxxx
Xxxx Xxxx
Chairman and Chief Executive Officer
