GRANDPARENTS.COM, INC.
Exhibit 10.6
XXXXXXXXXXXX.XXX, INC.
September 15, 0000
Xxx Xxxxxxx
000 Xxxx 00 Xxxxxx
Xxx Xxxx, XX 00000
Re: | Executive Employment Agreement dated December 9, 2013 (the “Agreement”) between Xxxxxxxxxxxx.xxx, Inc. and you |
Dear Xxx:
This will serve as an amendment to the Agreement. Any capitalized term used in this letter which is not otherwise defined herein shall have the meaning ascribed to it in the Agreement. This letter amends the terms of the Agreement and your employment thereunder as follows:
1. Term. The term of your employment shall be modified to end on August 31, 2019. Any subsequent renewals shall be subject to the mutual agreement of the Company and the Executive.
2. Merger or Sale. Section 5.D of the Agreement is hereby terminated and no payment is or shall be due from the Company thereunder.
3. Severance. If the severance payment for one year's salary becomes due under clause (ii) of Section 5.F of the Agreement, such payment shall be payable in 12 equal monthly installments in accordance with the Company's regular payroll practices following the date of termination. Additionally, clause (vi) of Section 5.F of the Agreement is hereby terminated.
4. Ratification. Except as amended herein, all other terms of the Agreement shall remain in full force and effect.
Please indicate your acceptance of the terms of this letter amendment to the Agreement by signing where indicated below and returning a copy to me.
Sincerely, | ||
XXXXXXXXXXXX.XXX, INC. | ||
By: | /s/ Xxxxx Xxxxx | |
Xxxxx Xxxxx, Chief Executive Officer |
Accepted and Agreed
/s/ Xxx Xxxxxxx
Xxx Xxxxxxx