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EXHIBIT 10.6
November 11, 1996
Xx. Xxxx Xxxxxx
0000 X.X. 00xx Xxxxxx
Xxxx Xxxxx, Xxxxxxx 00000
Dear Iain:
This will confirm the agreement between you and American Media, Inc.
modifying the terms of your Employment Agreement dated November 22, 1995.
1. Section 2 of the Agreement is modified to read as follows:
TERM OF EMPLOYMENT.
Employee's Term of Employment under this Agreement shall continue as set
forth in Paragraph 9 of this Agreement unless earlier terminated as is provided
in paragraph 7 of this Agreement.
2. The first paragraph of Section 9 of the Agreement is modified as
follows:
TERM OF AGREEMENT AND CONSULTING AGREEMENT.
Effective December 1, 1996 this Agreement shall continue on the same terms
and conditions without a definite termination date. However, either party may
terminate this Agreement by giving six (6) months prior written notice of
termination to the other party. At the expiration of this Agreement as a result
of any such notice, Employer agrees to employ Employee as a Consultant for a
period of two (2) years from the expiration of this Agreement at the rate of
$100,000 per annum (the "Consulting Agreement").
All other terms and conditions of the November 22, 1995 Employment
Agreement which are not inconsistent with the above modifications shall continue
and remain in full force and effect. Please indicate your acceptance to the
above modifications on the enclosed copy of this letter.
AMERICAN MEDIA, INC.
By: /s/ XXXXXXX XXXXXXXXXX
------------------------------------
Xxxxxxx Xxxxxxxxxx
Vice Chairman
AGREED TO AND ACCEPTED
By: /s/ XXXX XXXXXX
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Xxxx Xxxxxx
Dated: Nov. 11, 1996
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