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Exhibit 10.57
January 10, 2000
Xxxxxx Xxxxxxxxx
Executive Vice President
ABM Industries Incorporated
000 Xxxxx Xxxxxx
Xxxxx 000
Xxx Xxxx, Xxx Xxxx 00000
Re: Fourth Amendment ("Amendment") of Division Executive Employment
Agreement ("Agreement")
Dear Henrik:
Your employment Agreement, which was previously amended effective March 17, 1998
is hereby modified as follows:
PARAGRAPH B. TITLE shall be amended in its entirety to read:
"Executive's title shall be President of Company and of the Janitorial
Division of Company and Executive Vice President of ABM Industries
Incorporated, Company's parent Corporation ("ABM")."
PARAGRAPH C. DUTIES and RESPONSIBILITIES shall be amended in its entirety to
read:
"Executive shall report to and be accountable to and shall be expected
to assume and perform such executive or managerial duties and
responsibilities as are assigned to Executive from time-to-time by the
Chairman of the Board of Company (with regard to Company matters) and by
the President of ABM (with regard to ABM matters) or their respective
designees or successors."
PARAGRAPH X.1(a) SALARY shall be amended in its entirety to read:
"Effective November 1, 1999 until October 31, 2000 at the annual rate of
Four Hundred One Thousand Three Hundred Twenty Two Dollars ($401,322.00)
payable at the monthly rate of $33,443.50."
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Xx. Xxxxxx Xxxxxxxxx
January 10, 2000
Page Two
PARAGRAPH X.5(a) BONUS shall be amended in its entirety to read:
"Such Bonus for each Fiscal Year shall be 0.3132% of the Janitorial
Division's Bonus Profit plus 1.2500% of the Supply Division's Bonus
Profit."
The effective date of this Amendment shall be November 1, 1999.
In all other respects, the Agreement, as previously amended, shall remain
unchanged.
Please sign all three (3) originals of this Amendment and return two (2) to me.
Sincerely,
/s/ Xxxxx X. Xxxx
Xxxxx X. Xxxx
I agree to the foregoing:
/s/ Xxxxxx Xxxxxxxxx /s/ X.X. Xxxxxx
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Xxxxxx Xxxxxxxxx (Executive) X.X. Xxxxxx (Company)
