December 16, 2009
Exhibit 10.5
December 16, 2009
Xx. Xxxx X. Xxxxxx
Chief Executive Officer
Global Crossing Limited
000 Xxxx Xxxxxx
Xxxxxxx Xxxx, Xxx Xxxxxx 00000
Re: Third Amendment to Employment Agreement
Dear Xx. Xxxxxx:
Reference is made to the Employment Agreement dated as of August 15, 2006 (as amended through December 31, 2008, the “Agreement”) between you and Global Crossing Limited (the “Company”). Capitalized terms used in this letter shall have the respective meanings set forth in the Agreement.
Effective December 16, 2009, the Agreement is amended by deleting from Section 2 thereof the reference to “the fourth anniversary of the Effective Date” and inserting, in lieu thereof, “the sixth anniversary of the Effective Date.”
Except as specifically set forth herein, all provisions of the Agreement shall continue in full force and effect.
Please confirm your agreement to the foregoing by executing this Third Amendment in the space indicated below.
Very truly yours, | ||
GLOBAL CROSSING LIMITED | ||
By: | /s/ Xxxxxxxx Xxxx | |
Name: Xxxxxxxx Xxxx | ||
Title: Senior Vice President of Human Resources |
ACKNOWLEDGED AND AGREED:
/s/ Xxxx X. Xxxxxx |
Xxxx X. Xxxxxx |