EXHIBIT 10.69
[FORM OF AMENDMENT TO DEFERRED BONUS AGREEMENT]
___________________, 1999
___________________
___________________
___________________
___________________
Dear _______________:
In recognition of your significant contributions,
[Xxxx Baking Company ("Xxxx")] [Mother's Cake and Cookie Co.
("Mother's")] [Specialty Foods Corporation ("SFC")] (the
"Company") is pleased to inform you that you will receive
60% of your total Deferred Bonus in 1999 under the deferred
bonus agreement entered into by yourself and the Company on
__________ (the "Agreement") as described below.
The Agreement provides for payment to you of
a Deferred Bonus (as defined in the Agreement) payable
in two installments, one in the year 1999 and one in
the year 2000. Section 1(c) of the Agreement currently
provides for payment of forty percent (40%) of the
Deferred Bonus in 1999 and for payment of sixty percent
(60%) of the Deferred Bonus in 2000. The Company has
decided to amend this provision to instead provide for
payment of sixty percent (60%) of the Deferred Bonus in
1999 and for payment of forty percent (40%) of the
Deferred Bonus in 2000. Pursuant to this amendment,
your Deferred Bonus will now be paid as follows:
(i) Sixty percent (60%) of the Deferred Bonus shall be
paid on March 31, 1999; and
(ii) The remaining forty percent (40%) of the Deferred
Bonus shall be paid on the earliest of (x) the date
occurring ninety (90) days after a Change in Control
(as defined in the Agreement) and (y) January 15,
2000, provided that you remain employed by the
Company through such date.
Very truly yours,
[XXXX BAKING COMPANY]
[MOTHER'S CAKE AND COOKIE CO.]
[SPECIALTY FOODS CORPORATION]
By:______________________________
Name:____________________________
Title:_____________________________
