Exhibit 10(D)
[LOGO APPEARS HERE]
0000 Xxxxxxx # 0, Xxxxx 000, Xxxxxxx, Xxxxxxx X0X 0X0
Xxxxx X. Xxxx
President and
Chief Executive Officer
Direct: (905) 760-9708
February 15, 2000
Xx. Xxxxxxx X. Xxxxx
0000 Xxxxxxx # 0
Xxxxx 000
Xxxxxxx, XX
X0X 0X0
Dear Xxxx:
Re: Amendment to Employment Letter
This letter confirms the following amendments to the letter agreement
between you and InterTAN, Inc. (the "Company") dated February 23, 1999
concerning your employment arrangements with the Company (the "Agreement"):
The Agreement is hereby amended by the addition of the following clause to
the Agreement:
"Change of Control
-----------------
In the event that you are either:
(i) involuntarily terminated; or
(ii) there is a material reduction in the scope or level of your duties,
responsibilities or the effective authority associated with your
position within an eighteen (18) month period following a "change
of control" (as such term is defined in the Company's Deferred
Compensation Plan, as amended) of the Company,
you shall be entitled to receive severance benefits in an amount equal to
twelve (12) months of your then current base salary and base bonus, payable
in one single lump sum payment, and shall be entitled to the continuation
of Company paid health, dental and life insurance (then in effect, whether
group or non-group) benefits for such 12 month period."
All other terms of your Agreement remain in full force and effect.
Nothing herein modifies or otherwise amends any of your rights and entitlements
under any other of the Company's plans and programs in which you participate,
including, without limiting the
generality of the foregoing, the 1996 Stock Option Plan, the Deferred
Compensation Plan and the Employee Stock Purchase Program.
If the foregoing is acceptable, please sign and return a copy of
this letter to the attention of the undersigned.
Sincerely,
InterTAN, Inc.
/s/ Xxxxx X. Xxxx
By: Xxxxx X. Xxxx
President and Chief
Executive Officer
Agreed to and Accepted
this 21st day of February, 2000.
/s/ Xxxxxxx X. Xxxxx
___________________________
Xxxxxxx X. Xxxxx
