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Exhibit 10.6(e)(iii)
March 23, 1998
Xxxxx Xxxxxxxx, Xx.
000 Xxxxx Xxx
Xxxxxxx Xxxxx, XX 00000
Re: Employment Agreement Extension
Dear Xxx:
This letter will confirm that your Employment Agreement with Applied
Graphics Technologies, Inc. ("AGT") effective June 3, 1996 through June 2, 1998
(the "Agreement") is extended up to and including June 2, 2000. All the terms
and conditions of the Agreement shall remain in full force and effect, except
as modified below:
1. Subject to the terms and conditions of the Agreement, AGT will
continue to employ you for the period beginning June 3, 1998 and ending on Xxxx
0, 0000 (xxx "Xxxxxxxxx Xxxx"). You will continue to serve as Senior Vice
President and Chief Financial Officer of AGT. During the Extension Term you
will perform the duties of such positions and such other duties as may be
assigned or delegated to you by the Chief Executive Officer or any other
person designated by the Chief Executive Officer.
2. AGT will pay you a salary at the rate of $290,000 per annum during
the Extension Term.
If this letter accords with your understanding, please sign below and
return it to me.
Sincerely,
APPLIED GRAPHICS
TECHNOLOGIES, INC.
/s/ Xxxxxx X. Xxxxx
-----------------------------
Xxxxxx X. Xxxxx
Accepted and Agreed to:
/s/ Xxxxx Xxxxxxxx, Xx. 4/24/98
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Xxxxx Xxxxxxxx, Xx. Date
