EXHIBIT 10.14.3
AMENDMENT #2 TO SPLIT-DOLLAR AGREEMENT
This amendment is made and entered into this 1st day of January, 2003,
by and among Xxxxxx Xxxxxxx Living Omnimedia, Inc., a Delaware corporation,
having and address of 00 Xxxx 00xx Xxxxxx, Xxx Xxxx, Xxx Xxxx, 00000
("Corporation"), Xxxxxx Xxxxxxx, an individual residing in the state of
Connecticut ("Employee"), and The Xxxxxx Xxxxxxx Family Limited Partnership, a
Connecticut limited partnership ("Owner").
WITNESSETH THAT:
WHEREAS, the Corporation, the Employee and the Owner (collectively the
"parties") executed an agreement on February 28, 2001 known as the "Split Dollar
Agreement", which agreement was then amended on January 28, 2002 ("the
Agreement"); and
WHEREAS, the parties now wish to amend the Agreement in certain
respects;
NOW, THEREFORE, in consideration of the mutual promises contained in
this Agreement and other consideration the sufficiency of which is hereby
acknowledged, the parties agree as follows:
1. A new Section 19 is added to the Agreement as follows:
19. Waiver of Payment Obligation.
Notwithstanding anything to the contrary in this Agreement, the
Corporation will not be required to make any further premium payments pursuant
to the Agreement following the payment required to be made in 2002 unless the
Corporation receives an opinion of counsel satisfactory to the Corporation that
the payment of such premiums will not violate applicable laws.
2. All capitalized terms used herein without definition shall have the
meanings given to them in the Agreement.
XXXXXX XXXXXXX LIVING OMNIMEDIA, INC.
By: /s/ Xxxx Xxxxx
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Name: Xxxx Xxxxx
Title: EVP, Business Affairs and General Counsel
/s/ Xxxxxx Xxxxxxx
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Xxxxxx Xxxxxxx
XXXXXX XXXXXXX FAMILY LIMITED PARTNERSHIP
By: /s/ Xxxxxx Xxxxxxx
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Name: Xxxxxx Xxxxxxx
Title: General Partner
