NON-INCENTIVE STOCK OPTION AGREEMENT Under TRIARC COMPANIES, INC. 1998 EQUITY PARTICIPATION PLANNon-Incentive Stock Option Agreement • May 13th, 1998 • Triarc Companies Inc • Beverages
Exhibit 10.3 As of March 10, 1998 Mr. John L. Barnes, Jr. 31 Old Redding Road Weston, CT 06883 Dear Jack: This will serve to amend your employment agreement dated as of April 29, 1996, and confirm that as of March 10, 1998, you have been promoted from...Triarc Companies Inc • May 13th, 1998 • Beverages
This will serve to amend your employment agreement dated as of April 29, 1996, and confirm that as of March 10, 1998, you have been promoted from Senior Vice President and Chief Financial Officer to Executive Vice President and Chief Financial Officer. Accordingly, all references to "Senior Vice President" in your employment agreement are now amended to "Executive Vice President and Chief Financial Officer." Except as set forth herein, all the terms and conditions of the April 29, 1996 letter agreement continue in full force and effect.
