VWR INTERNATIONAL, LLC 1310 Goshen Parkway PO Box 2656 West Chester, Pennsylvania 19380
Exhibit 10.4(b)
VWR INTERNATIONAL, LLC
0000 Xxxxxx Xxxxxxx
XX Xxx 0000
Xxxx Xxxxxxx, Xxxxxxxxxxxx 00000
0000 Xxxxxx Xxxxxxx
XX Xxx 0000
Xxxx Xxxxxxx, Xxxxxxxxxxxx 00000
December 18, 2008
Xxxx Xxxxxxxx
000 Xxxxxxx Xxxx
Xxxx Xxxx, XX 00000
000 Xxxxxxx Xxxx
Xxxx Xxxx, XX 00000
Dear Xxxx:
In order to comply with final regulations under §409A of the Internal Revenue Code of 1986, as
amended, the terms of your employment agreement dated June 29, 2007, are hereby revised as follows:
1. | The second and third paragraphs of the section entitled “Severance/Restrictive Covenants” are revised to read as follows: |
If you incur a Disability (as defined on Annex 1), you will be
entitled to receive a lump-sum payment, as soon as practicable following
your Disability but in no event later than March 15 of the calendar year
following the calendar year in which such Disability is incurred, in an
amount equal to the target amount of your bonus for the year in which such
Disability is incurred, prorated for the portion of such year during which
you were employed with VWR. In addition, you shall be entitled to receive
payments of your base salary until payments to you under VWR’s long-term
disability plan commence but in any event for a period not to exceed 18
months from the date of your termination of employment.
If your employment with VWR and its affiliates is terminated by reason of
your death, your beneficiary or estate, as applicable, will be entitled to
receive a lump-sum payment as soon as practicable following your death but
in no event later than March 15 of the calendar year following the calendar
year in which your death occurs, in an amount equal to the target amount of
your bonus for the year in which your death occurs, prorated for the portion
of such year during which you were employed with VWR.
2. | A new paragraph is added to the section entitled “280G” to read as follows: |
280G: | Any Special Reimbursement hereunder shall be paid to you by VWR not later than the last day of the calendar year next following the calendar year in which you remit the Basic Excise Tax. |
If you have any questions, please do not hesitate to call me at (000) 000-0000.
Sincerely,
/s/
Xxxxxxx X. Xxxxxxxx
Xxxxxxx X. Xxxxxxxx
Xxxxxxx X. Xxxxxxxx
Accepted and Agreed:
/s/ Xxxx Xxxxxxxx |
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Xxxx Xxxxxxxx | ||||
Date: |
12/18/08 | |||