AMENDMENT TO EMPLOYMENT AGREEMENT

Contract Categories: Human Resources - Employment Agreements
EX-10.1 2 d414100dex101.htm AMENDMENT TO EMPLOYMENT AGREEMENT (RICHARD J. FERNANDES) Amendment to Employment Agreement (Richard J. Fernandes)

Exhibit 10.1

AMENDMENT TO EMPLOYMENT AGREEMENT

This AMENDMENT (“Amendment”), by and among AFFINION GROUP HOLDINGS, INC., a Delaware corporation (the “Company”), AFFINION GROUP, INC., a Delaware corporation and wholly-owned subsidiary of the Company (“Affinion”), and RICHARD FERNANDES (“Executive”) (collectively, the “Parties”) is made as of September 20, 2012.

WHEREAS, the Company, Affinion and Executive previously entered into an Employment Agreement, dated as of January 14, 2011 (the “Employment Agreement”), pursuant to which Executive serves President of the Company and Affinion and as Chief Executive Officer of Affinion International Limited;

WHEREAS, the Company intends to employ a new Chief Financial Officer;

WHEREAS, in connection therewith, the Company desires to adjust its management structure;

WHEREAS, in connection with such restructuring, the Employment Agreement will be modified as set forth herein; and

WHEREAS, capitalized terms used but not otherwise defined in this Amendment shall have the meanings ascribed to such terms in the Employment Agreement.

NOW, THEREFORE, in consideration of the premises and of the mutual covenants, understandings, representations, warranties, undertakings and promises hereinafter set forth, intending to be legally bound thereby, the Parties agree as follows:

 

  1. The first sentence of Section 2(a) of the Employment Agreement shall be deleted in its entirety and replaced with the following:

“During the Employment Period, Executive shall serve as Chief Executive Officer – Global Retail Services and Co-President of Affinion.”

 

  2. Section 3(b) of the Employment Agreement is hereby amended by deleting the words “President of the Company and Affinion or as Chief Executive Officer of Affinion International Limited” and inserting the words “Chief Executive Officer – Global Retail Services and Co-President of Affinion” in clause (iv) thereof.

 

  3. This Amendment shall become effective at such time as the Company enters into a definitive employment agreement with a new Chief Financial Officer.

 

  4. The Employment Agreement, as amended by the terms of this Amendment, will supersede the prior terms of the Employment Agreement.

 

  5.

This Amendment will be governed by and construed in accordance with the laws of the State of Delaware, without giving effect to any choice of law or conflicting provision or rule (whether of the State of Delaware or any other jurisdiction) that would cause the laws of any jurisdiction other than the State of Delaware to be applied. In furtherance of

 

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  the foregoing, the internal law of the State of Delaware will control the interpretation and construction of this Amendment, even if under such jurisdiction’s choice of law or conflict of law analysis, the substantive law of some other jurisdiction would ordinarily apply.

 

  6. This Amendment may be executed in separate counterparts, each of which is deemed to be an original and all of which taken together constitute one and the same agreement.

[SIGNATURE PAGE FOLLOWS]

 

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IN WITNESS WHEREOF, the Parties have executed this Amendment as of the date first written above.

 

AFFINION GROUP HOLDINGS, INC.
By:  

/s/ Sloane Levy

Name:   Sloane Levy
Title:   Executive Vice President, General Counsel
AFFINION GROUP, INC.
By:  

/s/ Sloane Levy

Name:   Sloane Levy
Title:   Executive Vice President, General Counsel
RICHARD FERNANDES
By:  

/s/ Richard J. Fernandes