EXHIBIT 99.2
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November 14, 2006
PERSONAL AND CONFIDENTIAL
Xxxxxx X. Paris
7 Mt. Xxxxx Xxxxx
Xxx, XX 00000
RE: TERMINATION OF EMPLOYMENT FROM SUN-TIMES MEDIA GROUP, INC.
Dear Xxxxxx:
This letter agreement (this "Agreement") modifies that certain letter
agreement, dated September 13, 2006 (the "Separation Agreement"), relating to
your termination of employment from Sun-Times Media Group, Inc. ("Sun-Times")
and its subsidiaries and affiliates.
Notwithstanding anything to the contrary in the Separation Agreement,
you agree to resign from the positions of President and Chief Executive Officer
of Sun-Times effective as of the close of business on November 14, 2006, but
you shall otherwise continue as an active employee of Sun-Times and its
subsidiaries and affiliates through December 29, 2006 as contemplated by the
Separation Agreement, except that you shall be obligated during such period to
perform only such services, if any, as reasonably requested by the board of
directors of Sun-Times. Your resignation letter is attached hereto as Exhibit
A. For the avoidance of doubt: (a) you shall continue to receive all
compensation, benefits and other amounts payable to you through December 29,
2006 under your employment agreement, dated as of March 2, 2006 with Sun-Times,
as if you had continued to be employed thereunder as President and Chief
Executive Officer of Sun-Times; (b) your employment will terminate on December
29, 2006 in accordance with the Separation Agreement; and (c) following such
termination of employment you shall be entitled to receive all compensation,
benefits and other amounts payable to you pursuant to the Separation Agreement.
Except as otherwise specifically provided in this Agreement, the
Separation Agreement (and all rights and obligations thereunder) shall remain
in full force and effect. This Agreement shall be governed by and construed in
accordance with the internal laws of the State of New York without regard to
principles of conflicts of laws.
Xxxxxx, please indicate your understanding and acceptance of this
Agreement by executing both copies below, and retaining one fully executed
original for your files and returning one fully executed original to me.
Very truly yours,
SUN-TIMES MEDIA GROUP, INC
By: /s/ Xxxx X. Xxxx
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Name: Xxxx X. Xxxx
Title: Director and Member of
Compensation Committee
I hereby accept the terms of this
Agreement and agree to abide by the
provisions hereof:
/s/ Xxxxxx X. Paris
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Xxxxxx X. Xxxxx
Date: November 14, 2006
