Exhibit 10.15
June 17, 0000
Xxxxxx X. Xxxxxx, Xxx.
000 Xxxxxxx Xxxxxx
Xxxxxx, XX 00000
Dear Don:
This will confirm our agreement to extend the term of your Consulting
Agreement dated as of May 4, 1998 for one additional year.
Sincerely,
PROVANT, INC.
By /s/ Xxxx X. Xxxxxxxx
-----------------------------
Xxxx X. Xxxxxxxx
Its Chairman and
Chief Executive Officer
AGREED:
/s/ Xxxxxx X. Xxxxxx
---------------------------
Xxxxxx X. Xxxxxx
August 13, 2002
Xxxxxx X. Xxxxxx
000 Xxxxxxx Xxxxxx
Xxxxxx, XX 00000
Dear Don:
Reference is made to the Consulting Agreement effective as of May 4,
1998, as amended, between you and Provant, Inc. ("Provant") (the "Consulting
Agreement").
The Consulting Agreement is hereby further amended as follows:
1. The term of the Consulting Agreement shall end on June 30, 2003.
2. During the term of the Consulting Agreement, you will provide
services to Provant in the areas of financial restructuring and pursuit of
strategic alternatives reporting to the Chairman of the Board, Chief Executive
Officer and Chief Financial Officer of Provant. You shall devote such time to
the performance of these services as is reasonably necessary consistent with
your other business commitments, none of which require your full time. Your
commitment to Provant will not be full time and you will not be in charge of any
business unit, division or function of Provant or perform a policy-making
function for Provant.
3. During the term of the Consulting Agreement, Provant will continue
to provide you with the office at Provant you now use and continue to pay for
the parking space you now have in Boston, Massachusetts for your automobile.
4. As additional consideration to you, upon expiration of the term
of the Consulting Agreement or, if you continue to provide consulting services
to Provant thereafter, when such consulting services cease for whatever reason,
you shall be paid Ten Thousand Four Hundred Sixteen Dollars and Sixty-Seven
Cents ($10,416.67) per month for six (6) months beginning as of the date of such
expiration or cessation, such amount to be payable to you in accordance with
Provant's regular payroll practices, and Provant will continue to pay for the
parking space you now have in Boston, Massachusetts for your automobile.
Xxxxxx X. Xxxxxx, Esq.
August 13, 2002
Page 2
Except as set forth above, the Consulting Agreement shall continue in full
force and effect.
If the foregoing accurately sets forth our agreement, please so indicate by
signing below.
Very truly yours,
PROVANT, INC.
By: /s/ Xxxx X. Xxxxxx
----------------------
President CEO
Agreed:
/s/ Xxxxxx X. Xxxxxx
----------------------
Xxxxxx X. Xxxxxx
