Fee Deferral Agreement Extension between Edward A. Brennan and [Company], November 14, 2002
This agreement confirms that Edward A. Brennan has chosen to defer his retainer and meeting fees for the 2003 calendar year, continuing under the terms set out in a previous agreement from June 2, 1998. By signing, Mr. Brennan agrees to the same deferral arrangement as before, unless he requests a different agreement. The document is a formal acknowledgment of his election to defer payment, with no changes to the original terms unless otherwise specified.
Exhibit 10.24
November 14, 2002
Mr. Edward A. Brennan
400 North Michigan Avenue
Suite 400
Chicago, IL 60611
Dear Ed:
You’ve elected to defer your retainer and meeting fees for calendar year 2003.
In June 1998, you and the Company entered into an agreement governing the fees you had deferred through that date. That agreement is attached.
I’m assuming you want to continue to defer your fees in accordance with the June 1998 letter. If so, please sign below and return to me. If you want another agreement, please let me know the details and we’ll see what we can do.
Thank you for your cooperation and if there are questions, please let me know.
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| Very truly yours, |
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| Charles D. MarLett |
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| Corporate Secretary |
Deferral of 2003 fees to be in accordance with June 2, 1998 letter:
| AGREED: | /s/ Edward A. Brennan |
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| Edward A. Brennan | |
P.S. I’m enclosing two originals - one to be returned to me and the other for your files.
Attachment
