DATED 15 AUGUST, 2006 SOTHEBY’S and ROBIN WOODHEAD SERVICE AGREEMENTService Agreement • November 9th, 2006 • Sothebys • Services-business services, nec • England
The Company shall employ the Executive and the Executive shall serve the Company as the Chief Executive Officer of the Company on the following terms and subject to the following conditions (the “Agreement”):
Severance AgreementSeverance Agreement • November 9th, 2006 • Sothebys • Services-business services, nec • New York
This letter sets forth our understanding and agreement (the “Agreement”) with respect to your rights and obligations in the event of the termination of your employment with Sotheby’s (together with all of its subsidiaries and related entities, “Sotheby’s” or the “Company”). This Agreement is being provided to you because you are a key employee at the Company and perform highly specialized and unique duties for the Company. Consequently, Sotheby’s is offering you the following terms and financial enhancements to ensure your continued loyalty to the Company, and so that you will focus fully and exclusively on your job duties at Sotheby’s. Defined terms used herein are used with the meanings given to them in Exhibit A.
