Exhibit 10.15
January 10, 1996
Xx. Xxxxxx X. Xxxxx
Peoples Telephone Company, Inc.
0000 Xxxxxxxxx 00xx Xxxxx
Xxxxx, XX 00000-0000
Dear Xx. Xxxxx:
This is to confirm the offer of Peoples Telephone Company, Inc. ("Peoples")
to extend the initial term of the Employment Agreement dated July 11, 1994
between Peoples and yourself (the "Agreement") for one (1) year.
The effect of this extension is that the Initial Term as defined in the
Agreement would expire on December 31, 1998, unless sooner terminated as set
forth in the Agreement.
Further, the date set forth in the fifth line of Section 1.1 of the
Agreement currently reading as follows: "...that commencing on January 1,
1998..." shall be changed to January 1, 1999.
All other terms of the Agreement remain unchanged and in effect.
If you agree to these changes to the Agreement, please sign in the space
provided below and return this letter to me.
Very truly yours,
PEOPLES TELEPHONE COMPANY, INC.
By: /s/ Xxxxxx X. Xxxx
Xxxxxx X. Xxxx
Chief Executive Officer
Agreed and Accepted
this 24th day of January, 1996:
/s/ Xxxxxx X. Xxxxx
Xxxxxx X. Xxxxx
