Amendment No. 2 to Employment Agreement
Exhibit 10.33
Amendment No. 2 to
Employment Agreement
THIS AMENDMENT NO. 2 (the “Amendment”) is made as of February 28, 2014, by and between Xxxxxx X. Xxxxxxxx (“Executive”) and ServiceMaster Global Holdings, Inc., a Delaware corporation (the “Company”).
Recitals
WHEREAS, Executive and the Company are parties to an Employment Agreement, dated as of June 14, 2013, as amended (the “Employment Agreement”), pursuant to which Executive serves as (among other roles) Chief Executive Officer and President of the Company;
WHEREAS, Section 4(f) of the Employment Agreement states that Executive will have up to 50 hours of personal use of the corporate aircraft; and
WHEREAS, Executive and the Company intend in this Amendment to amend the Employment Agreement to increase the personal use of the corporate aircraft from 50 hours 100 flight hours beginning in 2014.
Amendment
NOW, THEREFORE, in consideration of the mutual covenants, agreements and conditions contained herein, the sufficiency of which is hereby acknowledged, Executive and the Company agree as follows:
1. Amendment of Section 4(f) of the Employment Agreement. Section 4(f) of the Employment Agreement is hereby amended to replace the phrase “50 hours” contained therein with the phrase “100 flight hours”.
2. No Other Effect on the Employment Agreement. In all other respects, the form, terms and provisions of the Employment Agreement remain unchanged and in full force and effect.
3. Effective Date. This Amendment shall be effective as of the date first written above.
[signature page follows]
IN WITNESS WHEREOF, Executive and the Company have caused this Amendment to be executed and delivered on the date first written above.
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SERVICEMASTER GLOBAL |
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/s/ Xxxxxx X. Xxxxxxxx |
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/s/ Xxxx Xxxxxxxx, Jr. |
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Xxxxxx X. Xxxxxxxx |
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By: Xxxx Xxxxxxxx, Jr. |
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Its: Chairman |
