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EXHIBIT 10.6
UNICCO SERVICE COMPANY
January 13, 1998
Xxxx X. XxXxxxxxxxxx
UNICCO Service Company
Four Xxxxxx Xxxxx
Xxxxxx, XX 00000
Dear Xxxx:
This letter will modify the employment agreement ("Agreement") dated
June 25, 1996 between you and UNICCO Service Company in the following respects:
1. Your salary for the third year of the Agreement commencing July 1, 1998 will
be partially deferred, and will be payable in equal monthly installments of
$20,833.33 each from July 1, 1998 through June of 1999. The balance of your
salary with respect to that year, which will be considered to have been
previously earned in full, will be payable in one lump sum of $125,000.00 on
October 15, 1999 (together with the guaranteed bonus payment of $75,000 for
the third year of the Term referred to in Paragraph 3. below).
2. Your employment with UNICCO will end on June 30, 1999; however, that shall
not affect UNICCO's obligation to make any of the payments referred to
herein.
3. Your bonus (referred to in Paragraph 3(d) of the Agreement) will be fixed
and not contingent on UNICCO's profits, incentive targets or any other
factors. For the second year of the Term, it will be in the amount of
$100,000.00 and be payable on October 15, 1998; and for the third year of
the Term, it will be in the amount of $75,000.00 and be payable on October
15, 1999.
4. Paragraphs 3(e), (f) and (h) are deleted from the Agreement.
5. UNICCO will reimburse you (on a net after-tax basis) for reasonable
out-of-pocket expenses associated with moving your home furnishings
(including packing and shipping) from your current home in the Boston area
to your home in Florida.
6. Paragraph 1 of the Agreement is modified to provide that effective January
15, 1998, you shall no longer hold the title of COO and shall be relieved of
the duties and obligations of such office. Thereafter, you shall only be
required to expend such time and perform such services as UNICCO
specifically requests, provided that such services shall be of a similar
nature to those which you previously performed.
Four Xxxxxx Xxxxx, Xxxxxx, XX 00000 - 000-000-0000 - FAX 000-000-0000
Boston - Hartford - Providence - Syracuse - Washington, D.C.
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UNICCO SERVICE COMPANY
7. UNICCO agrees to reimburse your reasonable legal fees at normal hourly rates
in connection with the negotiation of this modification.
Except as herein expressly modified, all of the terms of the Agreement
and the Non-Competition Agreement dated this date, are hereby confirmed and
approved and shall remain in full force and effect.
Please confirm your agreement to the foregoing by signing and returning
the enclosed copy of this letter.
UNICCO SERVICE COMPANY
By: /s/ Xxxxxx Xxxxxx
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Xxxxxx Xxxxxx
AGREEMENT CONFIRMED:
By: /s/ Xxxx X. XxXxxxxxxxxx
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Xxxx X. XxXxxxxxxxxx
