Exhibit 10.4
X.X.X.X.
March 17, 2004
X.X.X.X., Inc.
0000 XxxxxXxxx Xxxxxxx
Xxxxx 000
Xxxxxxx, Xxxxxxx 00000
ATTN: Compensation Committee
Re: Amended and Restated Employment Agreement (the "Employment Agreement")
between X.X.X.X., Inc. (the "Company") and the undersigned dated
October 1, 2002 (capitalized terms used in this letter and not defined
shall have the meanings assigned in the Employment Agreement)
Gentlemen:
On October 1, 2002 my Employment Agreement was amended and restated to
among other things provide for a bonus and method of payment. Upon subsequent
review with the Compensation Committee, it was determined that the total amount
of bonus to be earned was incorrect. The correct total bonus amount should have
been $289,175.52. Such amount would be earned as of the bonus payment date
defined in the Employment Agreement. The correct bonus payment date and amount
of bonus schedule is as follows:
Bonus Payment Date Amount of Bonus
------------------ ---------------
May 29, 2003 $ 78,866.04
May 29, 2005 $105,154.24
May 29, 2006 $105,154.24
-----------
$289,174.52
As of December 31, 2003, I have been paid by the Company as reported on
Form W-2, the full amount earned for the 2003 bonus payment date.
This letter supercedes the bonus schedule in Section 2.2 of the Employment
Agreement.
Very Truly Yours,
/s/ Xxxxxx X. Xxxxxx, Xx.
Xxxxxx X. Xxxxxx, Xx.
0000 XxxxxXxxx Xxxxxxx, Xxxxx 000, Xxxxxxx, Xxxxxxx 00000
T 000 000 0000 F 000 000 0000 xxx.xxxx.xxx Nasdaq: XXXX
