Exhibit 10.2
October 15, 2004
Xxxxx Xxxxxxxxxx
Marvel Enterprises, Inc.
00 Xxxx 00xx Xxxxxx
Xxx Xxxx, XX 00000
Re: Second Amendment to Employment Agreement
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Dear Ike:
Reference is made to the Employment Agreement between Marvel Enterprises, Inc.
("Marvel") and you ("Executive") dated as of November 30, 2001, as amended as of
May 1, 2004 (the "Employment Agreement"). All terms defined in the Employment
Agreement shall have the same meaning herein as set forth therein.
In consideration of One Dollar ($1.00) and other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged,
Marvel and Executive hereby agree that the Employment Agreement is amended in
the following respect:
1. The following is hereby added at the end of Section 1.1 of the
Employment Agreement:
Beginning on January 1, 2005, the Executive shall also have the
title of Chief Executive Officer. In that position, the
Executive shall report solely to the Board of Directors and
Chairman of the Company and shall perform such duties
consistent with that position as may be assigned to the
Executive by the Board of Directors or Chairman of the Company.
Except as otherwise expressly hereinabove provided, the terms and conditions of
the Employment Agreement shall remain in full force and effect.
If the foregoing accurately reflects your understanding of our agreement, please
indicate by signing in the appropriate place below.
Very truly yours,
MARVEL ENTERPRISES, INC.
By: /s/ Xxxx Xxxxxxxx
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Name: Xxxx Xxxxxxxx
Title: Executive Vice President and
General Counsel
Accepted and Agreed
/s/ Xxxxx Xxxxxxxxxx
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Xxxxx Xxxxxxxxxx
