Dear Larry definition

Dear Larry. This is to confirm to you that THINK New Ideas, Inc. (▇▇▇ "Company") has agreed to renew your employment with the Company for a period of one year (the "Extension Period") commencing upon expiration of the current term of your employment at the close of business on May 31, 1999. Your annual salary shall be $350,000 (representing Monthly Compensation, as defined in the Employment Agreement, of $29,167). The the Company has further agreed that you shall continue to be a member of executive management, with such title and any other form of compensation as may be determined by management. The Employment Agreement shall remain in effect for the Extension Period unmodified except as specifically set forth herein.
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