EXHIBIT 10.3a
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THINK NEW IDEAS, INC.
0000 Xxxxxxxx Xxxxxxxxx, Xxxxx 000
Xxxxxx Xxxx, Xxxxxxxxxx 00000-0000
October 28, 1996
Mr. Xxxx Xxxxx
Chief Technology Officer
THINK New Ideas, Inc.
00 Xxxx 00xx Xxxxxx, Xxxxx Xxxxx
Xxx Xxxx, Xxx Xxxx 00000
Re: Amendment to Employment Agreement dated June 30, 1996
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Dear Xxxx:
Reference is hereby made to that certain employment agreement dated as of
June 30, 1996 (the "Employment Agreement") between THINK New Ideas, Inc. (the
"Corporation") and Xxxx Xxxxx (the "Employee"). This letter is intended to
confirm that, notwithstanding anything else to the contrary set forth in the
Employment Agreement, the Corporation and the Employee hereby agree that Section
4(a) of the Employment Agreement be hereby amended by striking Section 4(a) of
the Employment Agreement thereof and by substituting in lieu thereof the
following new Section 4(a) to read as follows:
"4(a) Compensation. The Company shall pay the Employee compensation equal
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to at least One Hundred Twenty-Five Thousand Dollars ($125,000) per annum at a
rate of Ten Thousand Four Hundred Sixteen Dollars and Sixty-seven Cents
$10,416.67 per month (such monthly amount as the same may be increased from time
to time by virtue of the adjustments set forth hereinbelow shall be defined as
the "Monthly Compensation"). Such salary shall be payable in accordance with
the customary payroll practices of the Company."
Except as otherwise expressly modified hereby or required to effectuate the
modification set forth herein, the Employment Agreement shall remain unchanged
and shall continue in full force an effect pursuant to the terms thereof.
This letter agreement contains the entire agreement between the Corporation
and the Employee with respect to the modification which is the subject hereof.
This letter agreement may not be amended, changed, modified or discharged, nor
may any provision hereof be waived, except by an instrument in writing executed
by or on behalf of the party against whom enforcement of any amendment, waiver,
change, modification or discharge is sought. No course of conduct or dealing
shall be construed to modify, amend or otherwise affect any of the provisions
hereof. Please confirm that the Employee is in agreement with the foregoing,
and that the foregoing is in accordance with your understanding by signing and
returning this letter, which shall thereupon constitute a binding agreement.
Agreed to and accepted as of this
30th day of October, 1996: Very truly yours,
THINK NEW IDEAS, INC.
By: /s/ Xxxx Xxxxx By: /s/ Xxxxx X. Xxxxxxx
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Xxxx Xxxxx Xxxxx X. Xxxxxxx
Chief Executive Officer
