EXHIBIT 10.1
[MTM Letterhead]
December 13, 2005
Mr. Xxxx Xxxxxxxx
00 Xxxxxxx Xxxxx
Xxxxxxxx, XX 00000
Dear Xx. Xxxxxxxx,
Reference is made to the severance letter, dated May 21, 2004 and the first
amendment thereto, dated January 3, 2005 (as amended, the "Severance Letter"),
between you and MTM Technologies, Inc. Effective on January 3, 2006, Section 1
of the Severance Letter shall be amended by replacing the term "Senior Vice
President and Chief Financial Officer" with "Senior Vice President -
Acquisitions." By execution of this letter agreement, you hereby acknowledge and
agree that the foregoing does not and shall not constitute "good reason" as
defined in the Severance Letter or trigger any rights under Section 4 thereof.
Except as provided for herein, the Severance Letter remains in full force and
effect.
IN WITNESS WHEREOF, the parties hereto have executed this letter agreement as of
December 13, 2005.
MTM TECHNOLOGIES, INC.
By: /s/ Xxxxxxx X. Xxxxxx
---------------------------
Name: Xxxxxxx X. Xxxxxx
Title: Chief Executive Officer
AGREED AND ACCEPTED:
/s/ Xxxx Xxxxxxxx
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Xxxx Xxxxxxxx
