Exhibit 10.7
Xxxxx X. Xxxxxxx
Chief Executive Officer
Chairman of the Board
As of June 16, 1997
Xx. Xxxx X. Xxxxxxxxx
000 Xxxx Xxx Xxxxxx, #00X
Xxx Xxxx, Xxx Xxxx 00000
Dear Xxxx:
This letter will confirm our agreement regarding your continued employment
as Vice President - Legal & Business Affairs of Lancit Media Entertainment, Ltd.
(the "Company"), as follows:
1. Effective with the pay period commencing June 16, 1997, your
annual salary shall be $125,000;
2. In the event that your employment is terminated other than for "cause" (as
such term is defined in the currently effective employment agreement between
Xxxxx Xxxxxx and the Company), you shall be entitled to six (6) months'
severance.
If the foregoing is acceptable to you, please so indicate by your
signature below and return a fully-executed copy of this letter to me.
Sincerely yours,
LANCIT MEDIA ENTERTAINMENT, LTD.
By: /s/ Xxxxx X. Xxxxxxx
Xxxxx X. Xxxxxxx
Accepted and agreed: /s/ Xxxx X. Xxxxxxxxx
Xxxx X. Xxxxxxxxx
