EXHIBIT 10cc
January 23, 2001
Xxx Xxxxxxxx
Xxxxxxx Xxxxxxxx
DMS Store Fixtures LLC
0000 Xxxxxxx Xxxx
Xxxxxxxxxxxx, XX 00000
Gentlemen:
Xxx Xxxxxxxx is party to an Employment Agreement with DMS Store
Fixtures Corp. (as subsequently merged into DMS Store Fixtures LLC, "DMS") dated
December 31, 1997 to be employed for a five year term as Co-Chairman and Chief
Financial Officer of DMS, and Xxxxxxx Xxxxxxxx is party to an Employment
Agreement with DMS dated December 31, 1997 to be employed for a five year term
as Co-Chairman and Chief Executive Officer of DMS (collectively, the "Employment
Agreements").
Xxx Xxxxxxxx and Xxxxxxx Xxxxxxxx have agreed with DMS to terminate
their employment effective Friday January 26, 2001. Final payroll checks will be
sent to you with DMS' standard payroll on Friday February 2, 2001.
For the remainder of the original term of the Employment Agreements,
DMS agrees that Xxxxxxx Xxxxxxxx shall continue to be provided with office space
for his use when visiting DMS, shall be entitled to attend DMS weekly staff
meetings, and at any time shall be entitled to remove the "DMS Picture and Clock
Wall" which he owns in the current DMS conference room. Except as provided
herein and for those provisions of the Employment Agreements which expressly
survive the termination of employment, all obligations and liabilities of the
parties under the Employment Agreements are terminated.
Please indicate your agreement by signing and returning a copy of this
letter.
Sincerely,
DMS Store Fixtures LLC Agreed:
By /s/ Xxxxxx X. Xxxxxxxx /s/ Xxx Xxxxxxxx January 29, 2001
---------------------- ---------------- ----------------
Xxxxxx X. Xxxxxxxx Xxx Xxxxxxxx Date
/s/ Xxxxxxx Xxxxxxxx January 26, 2001
-------------------- ----------------
Xxxxxxx Xxxxxxxx Date
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