EXHIBIT 10.3
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AMENDMENT TO EMPLOYMENT AGREEMENT
THIS AMENDMENT ("Amendment"), dated as of November 8, 2007, to the
Employment Agreement, effective as of July 1, 2007 (the "Agreement"), between
The ▇▇▇▇▇ ▇▇▇▇▇▇ Companies Inc., a Delaware corporation (the "Company"), and
▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, a resident of Wyckoff, New Jersey (the "Executive").
W I T N E S S E T H:
WHEREAS, the Executive and the Company are parties to the
Agreement;
WHEREAS, the Company and the Executive wish to amend the Agreement to
reflect the mutually agreed upon change in title;
NOW, THEREFORE, in consideration of the foregoing and of the mutual
covenants and obligations hereinafter set forth, the parties hereto, intending
to be legally bound, hereby agree to amend the Agreement as follows:
1. Title. Paragraphs 1 and 2(a) of the Agreement shall be amended,
effective as of March 3, 2008 (or such date as ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ joins
the Company), to provide that the Executive shall be Vice Chairman
and President, ELC North America of the Company (and no longer Chief
Operating Officer of the Company), from such day through the
remaining Term of Employment.
2. Miscellaneous.
a. Except as provided above, all other terms and conditions of
the Agreement shall remain the same.
b. Capitalized terms used in this Amendment shall have the
meanings ascribed to such terms in the Agreement, except to
the extent the term is modified herein.
c. This Amendment shall be subject to, and governed by, the laws
of the State of New York applicable to contracts made and to
be performed therein.
IN WITNESS WHEREOF, the parties hereto have duly executed this Amendment as of
the date first written above.
THE ▇▇▇▇▇ ▇▇▇▇▇▇ COMPANIES INC.
/s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ By: /s/ ▇▇▇ ▇▇▇▇▇▇
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▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ Name: ▇▇▇ ▇▇▇▇▇▇
Title: Executive Vice President -
Global Human Resources
