Contract
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EXHIBIT 4.12 AMENDMENT TO This AMENDMENT TO EMPLOYMENT AGREEMENT (this “Amendment”), is made as of the 13th day of April, 2005, by and between Xxxxxx Worldwide Partners, LLC, a Delaware limited liability company (the “Company”), and Xxxxxx Xxxxxxxxxxx (the “Executive”). WHEREAS, the Executive entered into an employment agreement, dated as of February 1, 2003 (the “Original Employment Agreement”), with the Company, pursuant to which the Company employed the Executive as Chief Executive Officer; WHEREAS, the Company and the Executive desire to amend the Original Employment Agreement as set forth herein; NOW THEREFORE, in consideration of the mutual premises and covenants contained in this Amendment and for other good and valuable consideration, the parties agree as follows: 1. Section 1. Section 1 of the Original Employment Agreement is amended as follows: |
1.1 Section 1(a), First Sentence. The first sentence of Section 1(a) is amended by deleting the phrase “ending on the second anniversary
of the date hereof” appearing therein and inserting in its place the phrase “ending February
1, 2007”. | |
1.2 Section 1(a), Last Sentence. Section 1(a) is further amended by adding the following sentences immediately after the last sentence
thereof: | |
“You hereby acknowledge that the Company and the Xxxxxx Worldwide Partners division of Havas will
be required to observe all the written rules and policies of Havas, including, without limitation,
rules and policies included in the Havas Group Policies manual, and rules relating to budgets/forecasts,
consolidation packages and dividends and distributions. You further acknowledge that you have read
the Havas Code of Ethics (including the Financial Officer Code of Ethics contained therein) and have
become familiar with their contents, and you agree to comply with their terms as they currently exist
and as they may be changed in writing from time to time.” | |
1.3 Section 1(b). Section 1(b) is amended by deleting the phrase “commencing on the second anniversary of the
date hereof and ending on the third anniversary of the date hereof” appearing in the first sentence
therein and inserting in its place the phrase “commencing on February 1, 2007 and ending on
February 1, 2009”. |
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2. Section 2. Section 2 of the Original Employment Agreement is amended by adding the following sentence immediately after the last sentence thereof: |
“In particular, for so long as reasonably necessary in connection with your family medical situation,
you shall be entitled to use leased or chartered private aircraft for your travels in connection
with, or related to, the performance of your duties, responsibilities or services under this letter
agreement for a total of up to 50 hours per year.” |
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3. Other Terms Unchanged. The Original Employment Agreement shall remain unchanged and in full force and effect for periods ending on or prior to February 1, 2005, and, except as expressly amended by this Amendment, the Original Employment Agreement shall remain unchanged and in full force and effect from and after February 1, 2005. 4. Copies; Electronic Signatures; Counterparts. Photographic and facsimile copies of this Amendment and signatures hereto by facsimile or other electronic means may be used in lieu of originals for any purpose. This Amendment may be executed in two or more counterparts, all of which taken together shall constitute one instrument. * * * * * |
| Xxxxxx Worldwide Partners, LLC: | |
| Alain de Pouzilhac Attorney-in-Fact |
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| I, Xxxxxx Xxxxxxxxxxx, acknowledge that: | |
| (a) I have had sufficient time to review this Amendment thoroughly; | |
| (b) I have read and understand the terms of this Amendment and the obligations | |
| hereunder; and | |
| (c) I have received a fully executed original of this Amendment. | |
In witness whereof, the parties have executed this Amendment as of the date first above written. |
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| Xxxxxx Xxxxxxxxxxx | |
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