February 8, 2011
EXHIBIT 10.24
February 8, 2011
Personal and Confidential
Xx. Xxxxxx X. Xxxxxx
0000 Xxxxxxxx Xxxxxx Xxxxxx
Xxxxxxxxxxxx, XX 00000
0000 Xxxxxxxx Xxxxxx Xxxxxx
Xxxxxxxxxxxx, XX 00000
Dear Xxxxxx:
The purpose of this letter agreement is to amend Section 3 of your offer letter, dated July
26, 2010, as amended (the “Offer Letter”). As we discussed, we have agreed that effective
immediately Section 3 of the Offer Letter shall be amended in its entirety to read as follows:
3. Benefits Coverage; Relocation —You will be entitled to participate in those CRG
benefit programs available to its officer level personnel in accordance with the applicable
terms of these programs.
You agree that, as a part of our extension and your acceptance of an offer of employment to
you hereunder, you will relocate your primary residence from 0000 Xxxxxxxx Xxxxxx Xxxxxx,
Xxxxxxxxxxxx, Xxxxxxxx (the “Current Primary Residence”) to the Nashville, Tennessee area by
no later than June 30, 2011. Subject to your commencement of employment with CRG, you will
be eligible to be reimbursed for expenses incurred on or after the date hereof associated
with the relocation of your primary residence to the Nashville, Tennessee area in accordance
with the applicable terms of the CSS relocation policy, up to a maximum aggregate amount of
$120,000 (which amount shall include all amounts, if any, determined by CSS, at its sole
discretion, intended to be a “gross up” for certain federal, state and local taxes to which
you may be subject as a result of receiving relocation expense benefits under the CSS
relocation policy). Further, in addition to the foregoing relocation expense reimbursement
and in the event that you do not complete the sale of your Current Primary Residence prior
to May 1, 2011, after May 1, 2011 and until the earlier of (a) May 1, 2012 or (b) the date
upon which you complete the sale of your Current Primary Residence, you will be eligible to
be reimbursed for routine, ordinary course expenses approved in advance by us, up to a
maximum aggregate monthly amount of $4,500, associated with your ownership of the Current
Primary Residence, including without limitation approved mortgage, utility and routine
maintenance expenses. We will reimburse you for the foregoing approved Current Primary
Residence expenses promptly after you submit to us appropriate documentation relating to
such expenses.
In all other respects, the Offer Letter shall remain in full force and effect according to its
terms and conditions.
000 XXX Xx. Xxxxxxxx 000, Xxxxx 000, Xxxxxxxxx, XX 00000 / 000-000-0000
Xx. Xxxxxx X. Xxxxxx
February 8, 2011
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February 8, 2011
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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, |
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/s/ Xxxxxxxxxxx X. Xxxxxx | ||||
Xxxxxxxxxxx X. Xxxxxx | ||||
Chairman and Chief Executive Officer X.X. Xxxxxx, LLC |
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The aforementioned is confirmed as of this __ day of February, 2011:
/s/ Xxxxxx X. Xxxxxx | ||||
Xxxxxx X. Xxxxxx | ||||
cc: Xxxxxxx X. Xxxxxxxx |
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