Exhibit 10.7
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Chief Executive Officer
Chairman of the Board
As of June 16, 1997
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▇▇▇ ▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇, #▇▇▇
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Dear ▇▇▇▇:
This letter will confirm our agreement regarding your continued employment
as Vice President - Legal & Business Affairs of Lancit Media Entertainment, Ltd.
(the "Company"), as follows:
1. Effective with the pay period commencing June 16, 1997, your
annual salary shall be $125,000;
2. In the event that your employment is terminated other than for "cause" (as
such term is defined in the currently effective employment agreement between
▇▇▇▇▇ ▇▇▇▇▇▇ and the Company), you shall be entitled to six (6) months'
severance.
If the foregoing is acceptable to you, please so indicate by your
signature below and return a fully-executed copy of this letter to me.
Sincerely yours,
LANCIT MEDIA ENTERTAINMENT, LTD.
By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
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Accepted and agreed: /s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇
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