CSS Industries, Inc. Suite 800 Philadelphia, PA 19103-4755 FAX (215) 569-9979
Exhibit 10.2
CSS Industries, Inc.
0000 Xxxxxx Xxxxxx
Suite 800
Philadelphia, PA 19103-4755
(000) 000-0000
FAX (000) 000-0000
Executive Office
March 19, 2013
Personal and Confidential
Xx. Xxxxxxx X. Xxxxxxxxxxxxx
1721 Meetinghouse Xxxx
Xxxxxxx, PA 19067
Dear Xxxxx:
The purpose of this letter agreement is to amend certain provisions of your offer letter, dated March 25, 2010 (the “Offer Letter”). As we discussed, we have agreed as follows:
| 1. | Effective immediately, Section 1 of the Offer Letter shall be amended in its entirety to read as follows: |
1. Contract Term – The term of your employment will be five (5) years, commencing March 31, 2010 and ending March 31, 2015, unless terminated earlier by you or by CSS at any time as provided herein. Thereafter, your employment status with CSS will continue to be that of an employee at-will, subject to termination by either you or CSS at any time.
2. Effective immediately, the following paragraph shall be added as a new second paragraph to Section 4 of the Offer Letter:
In the event that CSS terminates your employment without cause at any time on or after March 31, 2013 but prior to March 31, 2015, and subject to your compliance with the terms and conditions of this letter agreement, CSS will pay you an amount equal to one year of your then-current annual base salary (less applicable tax withholdings and payroll deductions).
In all other respects, the Offer Letter shall remain in full force and effect according to its terms and conditions.
Xx. Xxxxxxx X. Xxxxxxxxxxxxx
March 19, 2013
Page 2
Please confirm your understanding of the foregoing provisions by executing the enclosed counterpart of this letter and returning the executed counterpart to me.
| Sincerely yours, |
| /s/ Xxxxxxxxxxx X. Xxxxxx |
| Xxxxxxxxxxx X. Xxxxxx |
| President and Chief Executive Officer |
| CSS Industries, Inc. |
The aforementioned is confirmed as of this 19th day of March, 2013:
| /s/ Xxxxxxx X. Xxxxxxxxxxxxx |
| Xxxxxxx X. Xxxxxxxxxxxxx |
| cc: | Xxxxxxx X. Xxxxxxxx |
