FIRST AMENDMENT TO EMPLOYMENT AGREEMENT BETWEEN MONICA M. WEED AND NAVIGANT CONSULTING, INC.
Exhibit 10.7
THIS FIRST AMENDMENT TO EMPLOYMENT AGREEMENT (“First Amendment”) is hereby entered into by and
between Xxxxxx X. Xxxx (“Employee”) and Navigant Consulting, Inc. (the “Company”), effective
January 1, 2009:
WHEREAS, Employee and the Company are parties to the Employment Agreement dated as of November
3, 2008 between Employee and the Company (the “Agreement”);
WHEREAS, the Company desires to amend the Agreement to provide for interest on any payments
subject to a six month delay as a result of the rules under Section 409A of the Internal Revenue
Code of 1986, as amended.
NOW, THEREFORE, BE IT RESOLVED, the parties agree that the Agreement hereby is amended,
effective as of January 1, 2009, as follows:
1. The last sentence of Section 11(b)(i) hereby is amended to add the following
phrase immediately following the phrase “shall instead be paid” appearing therein:
“, with interest at the rate of 5% per annum,”.
Agreed: |
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/s/ Xxxxx X. Xxxxxx
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Date: December 19, 2008 | |||
Xxxxx X. Xxxxxx |
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President, Navigant Consulting, Inc. |
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/s/ Xxxxxx X. Xxxx
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Date: December 19, 2008 | |||
Xxxxxx X. Xxxx |
