AMENDMENT TO EMPLOYMENT AGREEMENT
EXHIBIT 10.3(a)
AMENDMENT TO EMPLOYMENT AGREEMENT
Ulta Salon, Cosmetics & Fragrance, Inc., a Delaware corporation (the “Company”) and Xxxxx
Xxxxxx (the “Executive”) entered into an EMPLOYMENT AGREEMENT dated December 12, 2005, (the
“Agreement”). Pursuant to Section 5.10 of the Agreement, the Company and the Executive hereby,
agree to amend the Agreement as of the 28th day of June, 2006 (the “Amendment”), by adding the
following Section 2.10 to the Agreement:
2.10 Additional Bonus. On the last day of each Fiscal Year, beginning with the Fiscal
Year ending in 2007 and ending with the Fiscal Year ending in 2012, Executive will earn a cash
bonus of $100,000 provided he is employed by the Company on such day. Such bonus shall be paid as
part of the next regularly scheduled payroll; provided, however, that in no event shall such bonus
be paid later than March 15th of the calendar year immediately following the year in
which the Executive became entitled to such bonus.
IN WITNESS WHEREOF, the parties have executed this Amendment as of the date and year first
above written.
ULTA SALON, COSMETICS & FRAGRANCE, INC. |
EXECUTIVE |
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By: /s/ Xxxxxx Xxx
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/s/ Xxxxx Xxxxxx | |
Name: Xxxxxx Xxx
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Name: Xxxxx Xxxxxx | |
Title: Non-Executive Chairman
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Address: |
