April 1, 1997
Xx. Xxxx Xxxxxxx
0 Xxx xx Xxxxx X'Xxxxx
00000 Xxxxxxxxxx
XXXXXX
Dear Xxxx:
I am pleased to reaffirm the terms and conditions upon which you are
employed as Chairman of Lexmark International, Ltd. and President and Chief
Executive of Lexmark Europe. All of the terms and conditions described in my
letter to you dated October 1, 1995 (the "Employment Agreement") are hereby
restated except for the following amendment. The second sentence of the first
paragraph on the second page of the Employment Agreement, "However, solely for
the purposes of calculating the payment to be made to you upon termination, we
agree to use, as further specified below, a period commencing on the date hereof
and ending on April 1, 1997 (the "Base Period")", shall be replaced in its
entirety by the following sentence:
However, solely for the purposes of calculating the payment to be made
to you upon termination, we agree to use, as further specified below, a
period commencing on April 1, 1997 and ending on March 31, 1998 (the
"Base Period").
Please acknowledge your acceptance of, and agreement with, the
foregoing by signing in the appropriate space below, and return a copy of this
letter to me.
/s/ Xxxxxx X. Xxxx
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Xxxxxx X. Xxxx
ACCEPTED AND AGREED:
/s/ Xxxx Xxxxxxx
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Xxxx Xxxxxxx
