Exhibit 10.41
January 18, 1999
Xx. Xxxxxxx X. Xxxxxx
c/o The Corporate Executive Board Company
000 Xxx Xxxxxxxxx Xxxxxx, XX
Xxxxxxxxxx, X.X. 00000
Re: Stock Option Agreement #1 and Stock Option Agreement #2, between
The Corporate Executive Board Company and Xxxxxxx X. Xxxxxx
(collectively, the "Agreements")
Dear Xx. Xxxxxx:
Pursuant to Section 4(b)(iii) of the above referenced Agreements, which
provides me with sole and absolute discretion to accelerate the dates on which
Options granted to you pursuant to the Agreements become exercisable in the
event of an Initial Public Offering, I hereby designate the date immediately
before the Initial Public Offering as the date on which you may first exercise
all of your Options.
Capitalized terms used but not defined in this letter have the meanings
given them in the Agreement.
Very truly yours,
/s/ Xxxxx X. Xxxxxxx
Xxxxx X. Xxxxxxx
SO AGREED:
THE CORPORATE EXECUTIVE
BOARD COMPANY
By: /s/ Xxxxxx X. Xxxxxxx
---------------------------
Name: Xxxxxx "Xxxxx" Xxxxxxx
Title: Chairman of the Board
