H T Stitzer Letter of Variation
Exhibit 4.5
X X Xxxxxxx
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Letter of Variation |
30 March 2007
Dear Xxxx,
Service Agreement
I am writing to you to confirm our agreement with you that your service agreement dated as of
1st July 2004 should be varied in the manner set out in this letter.
1. | Clause 2(B) shall be deleted in its entirety and replaced as follows:- “This Agreement and the Executive’s employment shall, in any event, terminate on 31 March, 2017.” |
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2. | An additional sentence shall be added to Clause 5(A) Pensions as follows:- “Notwithstanding the provisions of Clause 2(B) above, the Executive’s normal retirement date for the purposes of his membership of the Company’s pension plans shall be age 60”. |
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3. | In addition Clause 18(B) shall be deleted in its entirety. |
I should be grateful if you would sign and return this letter of variation by way of acceptance of
its terms.
Yours sincerely,
_____________________________________________
Xxx Xxxx Xxxxxxxxxx
For and on behalf of
Cadbury Schweppes Plc and CBI Holdings Inc
For and on behalf of
Cadbury Schweppes Plc and CBI Holdings Inc
I hereby accept the above variation to the terms and conditions of my service agreement
Signed:
Dated: