EXHIBIT 10.61
[ABM INDUSTRIES INCORPORATED LETTERHEAD]
June 30, 1998
Xx. Xxxxxxx X. Xxxxxxx
ABM Industries Incorporated
000 Xxxxxxx Xxxxxx, Xxxxx 000
Xxx Xxxxxxxxx, XX 00000
RE: AMENDMENT OF DIVISION EXECUTIVE EMPLOYMENT AGREEMENT --
INCREASE IN SUPPLEMENTAL EXECUTIVE RETIREMENT PENSION ("SERP")
Dear Xxxxxxx:
I am pleased to inform you that the Executive Officer Compensation and Stock
Option Committee of ABM's Board of Directors has approved an increase in the
monthly benefit payable to you to $4,167.00 under this plan. Accordingly, the
maximum benefit payable to you shall increase to $500,000.
This letter shall, in this regard, amend your Executive Employment Agreement, as
follows:
The monthly Consulting Fees benefit set forth in paragraph X.5
CONSULTANCY shall be $4,167.00.
Please sign and date all three (3) originals and return two (2) of them to me.
Very truly yours
/s/ XXXXXXX X. XXXXXX
----------------------------------
Xxxxxxx X. Xxxxxx
I hereby agree to the foregoing amendment.
/s/ XXXXXXX X. XXXXXXX Dated: June 30, 1998.
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Xxxxxxx X. Xxxxxxx
New York Stock Exchange Symbol: ABM
