Exhibit 10.1
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ADVO, Inc.
AMENDMENT TO EMPLOYMENT AGREEMENT
Effective as of October 15, 2004, ADVO, Inc. (the "Company") and S. Xxxxx
Xxxxxxx ("Xxxxxxx") agree to amend the "Air Travel" provision of Xxxxxxx'x
Employment Agreement to reflect a change in the valuation of the air travel to
better comport with the Company's valuation procedures:
Air Travel The Company will make its corporate aircraft available
to you for personal use to a maximum annual value of such use
during this Agreement of $150,000 (prorated from the Effective
Date for 2004), with that balance to be reduced using the
aggregate incremental cost to the Company for your personal use
of the aircraft, as determined using methods the Committee
approves. You acknowledge that the use of the plane will, in
some instances, be taxable to you.
Except as set forth above, the Employment Agreement between Xxxxxxx and the
Company bearing an Effective Date of October 15, 2004 (the "Employment
Agreement") remains in full force and effect.
IN WITNESS WHEREOF, the parties have executed this Amendment on November 5,
2004.
ADVO, Inc.
By: /s/ XXXXXX XXXXXXXXX
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Name: Xxxxxx Xxxxxxxxx
Title: Executive Vice President,
Chief Human Resources Officer
/s/ S. XXXXX XXXXXXX
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S. Xxxxx Xxxxxxx