November 30, 2017 Jeffrey Solomon via personal delivery by hand Dear Jeff:
November 30, 2017
Xxxxxxx Xxxxxxx
via personal delivery by hand
Dear Xxxx:
This letter amendment (this “2017 Amendment”) sets forth the mutual agreement between you and Xxxxx Inc. (the “Company”) to amend your employment agreement, dated May 31, 2012 (your “Employment Agreement”). Specifically, effective on the earlier of: (i) January 1, 2018; or (ii) the effective date of the resignation of the Company’s Chief Executive Officer, your Employment Agreement is amended as follows:
• | References to “Xxxxx Group, Inc.” are changed to “Xxxxx Inc.” |
• | In Section 1(y) and Section 3(a), the title “Chief Executive Officer of Xxxxx and Company, LLC” is changed to “Chief Executive Officer of Xxxxx Inc.” |
• | In Section 1(y), subsection (iv) is replaced with the following: “(iv) any change in Executive’s reporting relationship such that he no longer reports directly to the Board”. |
• | In Section 3(a), the last sentence is replaced with the following: “Executive shall report directly to the Board.” |
This 2017 Amendment does not amend any other terms of your Employment Agreement, which remain in full force and effective. You acknowledge that this 2017 Amendment does not entitle you to terminate your employment for Good Reason under your Employment Agreement. Please sign below to indicate your acceptance of this 2017 Amendment.
Sincerely,
Xxxxx Inc.
By: /s/ Xxxx Xxxxxxx Xxxx Xxxxxxx Head of Human Resources | |
AGREED AND ACCEPTED:
Signed: /s/ Xxxxxxx Xxxxxxx November 30, 2017
Xxxxxxx Xxxxxxx Date
Xxxxx Inc.
000 Xxxxxxxxx Xxxxxx, 00xx Floor
New York, NY 10022
T 000 000 0000
xxx.xxxxx.xxx
