AMENDMENT TO EMPLOYMENT AGREEMENT
Exhibit 10.2
AMENDMENT
TO
THIS AMENDMENT TO EMPLOYMENT AGREEMENT (the “Amendment”) is made December 31, 2009, by and between Valassis Communications, Inc. (the “Corporation”) and Xxxxxxx X. Xxxx (the “Executive”).
WHEREAS, the Corporation and the Executive entered into that certain Employment Agreement effective as of March 18, 1992, as amended on December 22, 1995, January 20, 1997, December 23, 1998, January 5, 2001, January 11, 2002, July 8, 2002, January 10, 2005, January 17, 2006, May 24, 2007 and December 23, 2008 (as so amended, the “Employment Agreement”); and
NOW, THEREFORE, for good and valuable consideration, the sufficiency of which is acknowledged, the parties hereto agree as follows:
1. Section 1(b) of the Employment Agreement shall be amended to read in its entirety as follows:
“The Employment Period shall commence as of March 18, 1992 (the “Effective Date”) and shall continue until the close of business on January 1, 2011.”
2. All other terms of the Employment Agreement shall remain in full force and effect.
3. This instrument, together with the Employment Agreement, contains the entire agreement of the parties with respect to the subject matter hereof.
IN WITNESS WHEREOF, the Executive and the Corporation have caused this Agreement to be executed as of the day and year first written above.
| VALASSIS COMMUNICATIONS, INC. | ||
| By: | /s/ Xxxx Xxxxxxx | |
| Name: Xxxx Xxxxxxx | ||
| Title: Secretary | ||
| /s/ Xxxxxxx X. Xxxx | ||
| Xxxxxxx X. Xxxx | ||
