Exhibit 10.3
April 8, 2002
Xx. Xxxxxxxxx X. Xxxxxxxx
00 Xxxxxxxxxxx Xxxxxx
Xxxxxx Xxxx, XX 00000
Re: Amendment to Employment Agreement of Xxxxxxxxx Xxxxxxxx
Dear Xxxx:
As discussed, effective February 24, 2002 (the "Effective Date"), The
Great Atlantic & Pacific Tea Company, Inc. (the "Company") has promoted you from
Executive Vice President and Chief Operating Officer of the Company to President
and Chief Operating Officer of the Company (the "Promotion"). Additionally, as
of the Effective Date, you will have a base salary of $575,000 (Five Hundred
Seventy Five Thousand Dollars) and will report directly to, and comply with all
reasonable instructions of, the Chairman and Chief Executive Officer of the
Company.
In conjunction with the Promotion, as of the Effective Date, the
Employment Agreement, made and entered into as of the 8th date of January 2001,
by and between the Company and Xxxxxxxxx X. Xxxxxxxx (the "Agreement"), shall be
deemed amended as follows:
(1) All references to Executive Vice President and Chief Operating Officer shall
be changed to President and Chief Operating Officer; and
(2) The base salary of $500,000 indicated in Section 3.1 shall be increased to
$575,000 (Five Hundred Seventy Five Thousand Dollars).
Except as indicated above, the Agreement, its terms and conditions shall remain
in full force and effect.
If the terms outlined above, and the changes to your Agreement are acceptable,
please sign below, and return an original executed copy of this letter
agreement. Upon execution of this letter agreement, the Agreement shall be
deemed amended in accordance with Section 28 thereof.
Sincerely,
The Great Atlantic & Pacific Tea Company, Inc.
By: /s/Christian W.E. Xxxx
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Agreed to and accepted this 8th day
of April, 2002
/s/ Xxxxxxxxx X. Xxxxxxxx
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Xxxxxxxxx X. Xxxxxxxx
