H T Stitzer Letter of Variation
Exhibit 4.5
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X X Xxxxxxx
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Letter of Variation |
30 March 2007
Dear Xxxx,
I am writing to you to confirm our agreement with you that your service agreement dated as of
1st July 2004 should be varied in the manner set out in this letter.
| 1. | Clause 2(B) shall be deleted in its entirety and replaced as follows:- “This Agreement and the Executive’s employment shall, in any event, terminate on 31 March, 2017.” |
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| 2. | An additional sentence shall be added to Clause 5(A) Pensions as follows:- “Notwithstanding the provisions of Clause 2(B) above, the Executive’s normal retirement date for the purposes of his membership of the Company’s pension plans shall be age 60”. |
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| 3. | In addition Clause 18(B) shall be deleted in its entirety. |
I should be grateful if you would sign and return this letter of variation by way of acceptance of
its terms.
Yours sincerely,
_____________________________________________
Xxx Xxxx Xxxxxxxxxx
For and on behalf of
Cadbury Schweppes Plc and CBI Holdings Inc
For and on behalf of
Cadbury Schweppes Plc and CBI Holdings Inc
I hereby accept the above variation to the terms and conditions of my service agreement
Signed:
Dated:
