EXHIBIT 10.35
December 27, 2002
Xxxx Xxxxxxxx
VIA HAND DELIVERY
Dear Dino:
Pursuant to Section 1(b) of your employment agreement dated November 17, 2000
with Insight Direct Worldwide, Inc. (the "Company"), as amended (the
"Agreement"), you are hereby notified that there shall be no further renewal of
the Agreement after December 31, 2002, and that, accordingly, such Agreement
shall expire on December 31, 2004.
Please note that by giving this notice the Company does not intend to terminate
your employment. Instead, as we have previously discussed, the only result of
our action today is that the expiration date of the term of the Agreement will
become fixed and it will no longer renew for a full two-year term each day.
Additionally, please note that the following is the notice address the Company
has on file for you pursuant to the Agreement:
000 Xxxx Xxxxxxxx Xxxxx
Xxxxxxx, Xxxxxxx 00000
We believe this address may be out of date. To update this address, please
notify Xxxxxx Xxxxxx or Xxx Xxxx in writing (email acceptable) of your current
correct address.
If you have any questions, please let me know. Thank you.
Sincerely,
Xxxxxxx X. Crown
Chief Executive Officer
Insight Direct Worldwide, Inc.
cc: P. Xxxxxx Xxxx, Executive V.P. General Counsel
Xxxxxxx Xxxx, Senior V.P. Human Resources
