EXHIBIT 10.49
RETIREMENT AND TRANSITION AGREEMENT
Exhibit 10.49
February 10, 2003
Xxxxxx X. Xxxxxxxxx
00 Xxxxxxxxxxx Xxxxxx
Xxxxxxx, XX 00000
Re: Retirement and Transition Agreement
Dear Xxx:
This letter sets forth our agreement to amend your Retirement and Transition Agreement (the "Agreement") dated
September 27, 2002 to change your retirement date to March 31, 2003. In addition, we intend to continue to
provide an office, secretarial support, and access to a company provided driver and car through June 30, 2003
on the same terms and conditions as the Agreement currently contemplates. You will also be paid a consulting
fee, on the first day of each month, equal to your current monthly salary for the period commencing April 1,
2003 and ending June 30, 2003. In consideration for these amendments, we expect you to make yourself available
to provide advice and counsel on management transition matters until June 30, 2003. The terms of the Agreement
remain unaltered in all other respects.
If this letter accurately describes your understanding of our proposal, please sign both copies of this letter
on the line below and return one copy to me.
Very truly yours,
Xxxxx X. Xxxx
Acknowledged:
------------------------------------------------------ ---------------------------------------
Xxxxxx X. Xxxxxxxxx Dated
