EXHIBIT 10(d)
Personal and Confidential
February 23, 1998
Xxxx X. Xxxxxxxx
XXXXXX XXXXXXX & XXXX
Xxx Xxxxxxx Xxxx Xxxxx
Xxx Xxxx, XX 00000
Dear Xxxx:
This letter sets forth our agreement with respect to your service to Knight
Ridder following the expiration of your Board term at the annual meeting on
April 28, 1998.
You have agreed to continue to serve as a member of the Executive Committee and
a consultant to the Company for a period of 12 months, beginning July 1, 1998
(when the May 5, 1997 agreement expires). Your new consultant period will run
from July 1, 1998 thru June 30, 1999, for which the Company will pay you
$100,000 in equal monthly installments, plus Executive Committee meeting fees.
Our consulting relationship will not preclude you from accepting consulting
assignments from other companies and from other profit-making activities,
provided your other assignments and activities do not constitute a conflict of
interest with Xxxxxx Xxxxxx.
The Company will reimburse you for travel and other out-of-pocket expenses
incurred in connection with your Knight Ridder consulting activities. Office
space will be provided, when and if required.
I am happy we will continue to work together. If I have accurately summarized
our understanding, I'd appreciate your signing and returning one copy of this
letter to me for the Company's files.
Sincerely,
/s/ X. XXXXXXX XXXXXX
-----------------------------
X. Xxxxxxx Xxxxxx
Agreed:
/s/ XXXX X. XXXXXXXX 2/26/98
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Xxxx X. Xxxxxxxx Date
