August 4, 2014 Mr. John E. Dean ITT Educational Services, Inc. 13000 North Meridian Street Carmel, IN 46032-1404 Dear John:Letter Agreement • August 5th, 2014 • Itt Educational Services Inc • Services-educational services • Delaware
This letter agreement (this “Agreement”) is intended to set forth the terms of your compensation in connection with your role as Executive Chairman of the Board of Directors (the “Board”) of ITT Educational Services, Inc. (collectively with its subsidiaries, affiliates, successors and assigns, the “Company”), commencing as of the date hereof.
August 4, 2014 Mr. Kevin M. Modany ITT Educational Services, Inc. 13000 North Meridian Street Carmel, IN 46032-1404 Dear Kevin:Letter Agreement • August 5th, 2014 • Itt Educational Services Inc • Services-educational services • Delaware
This letter agreement (this “Agreement”) is intended to set forth our mutual understanding and agreement regarding your resignation as the Chairman and Chief Executive Officer of ITT Educational Services, Inc. (collectively with its subsidiaries, affiliates, successors and assigns, the “Company”) and the transition of your responsibilities in connection with such resignation.
