Letterhead of Sotheby’s] Severance Agreement Amendment
Exhibit 10.3
[Letterhead of Sotheby’s]
Severance Agreement Amendment
December 19, 2013
Xxxxxxx X. XxXxxxxxx
c/o Sotheby’s
0000 Xxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Dear Xxxxxxx:
This letter agreement hereby amends your Severance Agreement dated September 22, 2013 (the “Agreement”) with Sotheby’s effective January 1, 2014.
Section (1)(a)(iv) of the Agreement is hereby deleted in its entirety. All other provisions of the Agreement remain valid and binding.
| Very truly yours, | ||
| SOTHEBY’S | ||
| By: | /s/ Xxxxxxx X. Xxxxxxx, XX | |
| Xxxxxxx X. Xxxxxxx, XX Executive Vice President and Worldwide General Counsel and Secretary | ||
| SOTHEBY’S, INC. | ||
| By: | /s/ Xxxxxxx X. Xxxxxxx, XX | |
| Xxxxxxx X. Xxxxxxx, XX Executive Vice President and Worldwide General Counsel and Secretary | ||
| Read, accepted and agreed to this 19th day of December, 2013 |
| /s/ Xxxxxxx XxXxxxxxx |
Xxxxxxx XxXxxxxxx
| Cc: | Xxxxxxx X. Xxxxxxxxx, Esq. |
Xxxxxx Xxxxxxx & Xxxx LLP
