Mr. Michael J. Kroll
Exhibit
10.11
Xx.
Xxxxxxx X. Xxxxx
00 Xxx
Xx.
Xxxxxxxx,
XX 00000
Dear
Xxxx:
This
letter will confirm the April 4, 2007 agreement between Xxxxxx-Xxxxxx
Corporation (the “Company”) and you concerning amounts payable to you as
severance in the event of a change in control of the Company.
The
Company and you agree that effective August 7, 2008 the first paragraph of the
Letter Agreement is hereby amended to read in its entirety as
follows:
“This
letter will confirm the April 4, 2007 agreement between
Xxxxxx-Xxxxxx
Corporation
(the “Company”) and you concerning amounts payable to you
as
severance in the event of a change in control of the Company prior
to
December
31, 2010.”
The
Company and you agree that effective August 7, 2008 the second paragraph of the
Letter Agreement is hereby amended to read in its entirety as
follows:
“In
the event of a change in control of Xxxxxx-Xxxxxx prior to December 31,
2010,
you
will be paid a 2x annual base salary as severance in the event you are
not
offered
a position of Chief Financial Officer of the new control entity.”
Please
indicate your agreement by signing this letter in the space provided
below.
|
Sincerely,
|
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|
XXXXXX-XXXXXX
CORPORATION
|
||
|
By
|
/s/ Xxx Xxxxxx, Xx.
|
|
|
Xxx
Xxxxxx, Xx.
|
||
| Chairman | ||
AGREED AND
ACCEPTED:
/s/ Xxxxxxx X.
Xxxxx
Xxxxxxx X.
Xxxxx
- 71
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