Summer Infant, Inc.
Exhibit 10.3
0000 Xxxx Xxxx Xxxxx
Xxxxxxxxxx, XX 00000
February 1, 2010
Xxxxxx Xxxxxxxx
0 XxXxxxx Xxxx
Xxxxxxxxx, XX 00000
Dear Xxx:
Reference is made to that certain Employment Agreement dated on or about September 1, 2006 between Summer Infant, Inc. (the “Company”) and you (the “Officer”) (the “Employment Agreement”). In consideration of entering into that certain Change of Control Agreement between the Officer and the Company on the date hereof, the Officer and Company hereby agree that effective immediately the Employment Agreement is terminated.
This letter agreement may be executed in two or more counterparts, and by different parties hereto on separate counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. Counterparts executed and exchanged by facsimile or electronic mail transmission shall be fully enforceable.
|
|
||
|
|
|
|
|
|
|
|
|
|
By: |
/s/ Xxxxx Xxxxxx |
|
|
Name: |
Xxxxx Xxxxxx |
|
|
Title: |
President and CEO |
ACKNOWLEDGED AND AGREED TO:
|
/s/ Xxxxxx Xxxxxxxx |
|
|
Xxxxxx Xxxxxxxx |
|
|
Date: February 1, 2010 |
|
