________________________________________
[LOGO] PORTA SYSTEMS
CORP.
________________________________________
________________________________________
XXXXXX X. XXXXXXXX
SENIOR VICE PRESIDENT OPERATIONS
CHIEF FINANCIAL OFFICER
Via Facsimile
516-671-6715
July 21, 2003
Xx. Xxxxxxx X. Xxxxxx
0 Xxxxxxx Xxxx
Xxxx Xxxx, Xxx Xxxx 00000
Re.: Furlough
Dear Xxxx,
On July 16, 2003 you agreed to take a thirteen-week furlough beginning July 21
and ending October 17, 2003. Your salary and the other employee benefits for
this period will be added onto the end of your current amended employment
agreement, dated December 13, 2002, so that the new termination date will be
March 13, 2006.
During this thirteen-week period, you will continue to receive your current
employee benefits. You will be invoiced monthly for the health, dental and life
insurance premiums as you are currently paying through payroll withholding.
If you agree to the above, please countersign a copy of this letter and return
it to my attention.
Sincerely yours, Agreed:
/s/ Xxxxxx X. Xxxxxxxx /s/ Xxxxxxx X. Xxxxxx
Xxxxxx X. Xxxxxxxx --------------------------------
Senior Vice President Operations Xxxxxxx X. Xxxxxx
Chief Financial Officer
Cc: Xxxxxx X. Xxxxxx, Managing Director
Xxxxxx X. Xxxxx, Esq., Esanu Katsky Xxxxxx & Xxxxx
0000 Xxxxxxx Xxxxxxxx - Xxxxxxx - Xxx Xxxx 00000 - Tel. (000) 000-0000 -
Fax (000) 000-0000
