EXHIBIT 10(b)
[LOGO] INTERTAN, INC.
[LETTERHEAD OF INTERTAN, INC.]
February 19, 2001
Xx. Xxxxx X. Xxxxxxxxx
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Xxxxxxx, XX
X0X 0X0
Dear Xxx:
Re: Clarification and Amendment to Feb 15, 2000 Amendment to Letter Agreement
Your employment letter dated March 1, 1995 was amended by a letter
agreement dated February 15, 2000 (the "Amending Letter Agreement"). By way of
clarification to paragraph 2 of the Amending Letter Agreement, we wish to
confirm that the term "change of control" used therein will be deemed to have
occurred if any of the events described in Sections 8.5 (a), (b) or (c) of
InterTAN, Inc.'s Deferred Compensation Plan, as amended, takes place.
Additionally, paragraph 2 of the Amending Letter Agreement is hereby
amended so that the aggregate amount of any severance benefits to which you may
become entitled pursuant to the Amending Letter Agreement in the event a "change
of control" takes place shall now be payable in a single lump sum payment rather
than in equal installments over a eighteen (18) month period.
Sincerely,
InterTAN, Inc.
/s/ Xxxxx X. Xxxx
By: Xxxxx X. Xxxx
President and Chief
Executive Officer
Acknowledged and Agreed
this 20th day of February, 2001.
/s/ Xxxxx X. Xxxxxxxxx
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