Exhibit 10(a)
[LOGO] INTERTAN, INC.
[LETTERHEAD OF INTERTAN, INC.]
February 19, 2001
Mr. Xxxxx Xxxx
0000 Xxxxxxx # 0
Xxxxx 000
Xxxxxxx, XX
X0X 0X0
Dear Xxxxx:
Re: Clarification & Amendment to June 10, 1999 Employment Letter
You and InterTAN, Inc. (the "Company") entered into an employment letter
agreement dated June 10, 1999 (the "Employment Letter Agreement").
By way of clarification to subsection (c) of the section entitled
"Severance Benefits" and the section entitled "Change of Control" in the
Employment Letter Agreement, we wish to confirm that the terms "change of
control" and "change in control" used therein in respect of the Company's
Deferred Compensation Plan will be deemed to have occurred if any of the events
described in Sections 8.5 (a), (b) or (c) of the Company's Deferred Compensation
Plan, as amended, takes place.
Additionally, subsection (c) of the section entitled "Severance Benefits"
in the Employment Letter Agreement is hereby amended so that the aggregate
amount of the severance benefits to which you may become entitled pursuant to
the Employment Letter Agreement in the event a "change of control" takes place
shall now be payable in a single lump sum payment rather than in equal
installments over a twenty-four (24) month period.
Sincerely,
InterTAN, Inc.
/s/ Xxx X. Xxxxxxx
By: Xxx X. Xxxxxxx
Chairman of the Board
Acknowledged and Agreed
this 20th day of February 2001.
/s/ Xxxxx X. Xxxx
_____________________________
Xxxxx X. Xxxx
