Exhibit 10.39
The Corporate Executive Board Company
The Watergate
000 Xxx Xxxxxxxxx Xxxxxx, X.X.
Washington, D.C. 20037
January 18, 1999
Xx. Xxxxxxx X. X'Xxxxx
x/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'Xxxxx
(collectively, the "Agreements")
Dear Xx. X'Xxxxx
Pursuant to Section 4(b)(iii) of the above referenced Agreements, which
provides me, as Chairman of the Board of The Corporate Executive Board Company,
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/ Xxxxxx X. Xxxxxxx
Xxxxxx "Xxxxx" Xxxxxxx
Chairman of the Board
The Corporate Executive Board
Company
