Mr. Michael J. Ferrantino, Jr.
Exhibit
10.13
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▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇
▇▇▇▇▇▇▇,
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Dear
▇▇▇▇:
This
letter will confirm the April 4, 2007 agreement between ▇▇▇▇▇▇-▇▇▇▇▇▇
Corporation (the “Company”) and you concerning a retention bonus payable to you
under certain circumstances.
The
Company and you agree that effective August 7, 2008 the second sentence of the
second paragraph of the Letter Agreement is hereby amended to read as
follows:
“As
an incentive for your continued employment with the Company, and
your
efforts
on behalf of the strategic alternatives, the Company hereby agrees
to
pay
you a bonus of one times your current base salary in the event of a
change
in
control of the Company prior to December 31, 2010.”
The
Company and you agree that effective August 7, 2008 the fourth sentences of the
second paragraph of the Letter Agreement is hereby amended to read as
follows:
“The
payment is contingent on your continued employment with the Company
through,
and immediately following any change in control on or before,
December
31, 2010.”
Please
indicate your agreement by signing this letter in the space provided
below.
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Sincerely,
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▇▇▇▇▇▇-▇▇▇▇▇▇
CORPORATION
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By
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/s/ ▇▇▇ ▇▇▇▇▇▇, ▇▇.
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▇▇▇
▇▇▇▇▇▇, ▇▇.
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| Chairman | ||
AGREED AND
ACCEPTED:
/s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇,
▇▇.
▇▇▇▇▇▇▇ ▇.
▇▇▇▇▇▇▇▇▇▇, ▇▇.
- 72
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