December 1, 1999 Mr. James M. Harrison 16 High Street East Williston, New York 11596 Re: Amendment of Employment Agreement Dear Jim: In connection with the employment agreement dated August 10, 1997 (the "Employment Agreement") between James M....Employment Agreement • May 12th, 2000 • Amscan Holdings Inc • Wholesale-paper & paper products
In connection with the employment agreement dated August 10, 1997 (the "Employment Agreement") between James M. Harrison (the "Executive") and Amscan Holdings, Inc. (the "Company"), the parties hereto agree that Paragraph 4(a) of the Employment Agreement is hereby amended to provide that with respect to the termination of the Restricted Period as to Executive's remaining Restricted Stock (which was to be released from the Restricted Period in increments commencing on January 1, 2000), the Restricted Period shall continue until January 1, 2007, unless the Restricted Period sooner terminates as to all of the Restricted Stock upon the occurrence of any of the "earlier termination" events set forth in Paragraph 4(a) (including upon the nonrenewal of the Employment Agreement by the Company).
