10.(x)(B)
February 18, 1997
Xxx Xxxxxx
x/x Xxxxxxxxxxx'x 00 Xxxxx Xxxxxx
Xxxxxxxx, Xxxxxxx
Dear Xxx:
Reference is made to your Compensation Agreement (the "Agreement") dated as of
February 3, 1997, with Xxxxxxxxxx Xxxx & Co., Incorporated (the "Company").
In order to induce you to accept the offer of employment contained in the
Agreement, General Electric Capital Corporation ("GE Capital"), as a principal
shareholder in the Company, hereby agrees with you that if, for any reason other
than termination of your employment, either voluntarily by you or for "cause" by
the Company, the Company shall fail to pay to you the base salary for the first
three years of such Agreement and the first year guaranteed bonus of such
Agreement, then GE Capital shall pay such amounts to you as provided in and
subject to the conditions of the Agreement. This obligation on the part of GE
Capital shall be triggered by your written notice to GE Capital that the Company
has ceased to make such payments as required by such Agreement.
Very truly yours,
General Electric Capital Corporation
By: /s/ Xxxxxx X. Xxxxxxx
--------------------------------
Executive Vice President
