Amendment to Employment Agreement between ARAMARK Corporation and Joseph Neubauer (May 7, 2012)

Summary

ARAMARK Corporation and Joseph Neubauer have agreed to amend Mr. Neubauer's Employment Agreement. Effective May 7, 2012, Mr. Neubauer will step down as Chief Executive Officer but will continue to serve as Chairman of the Board, with duties consistent with that role. This change will not be considered a termination or a "Good Reason" event under the original agreement. The amendment is effective upon Mr. Neubauer's signature.

EX-10.7 8 q22012aramarkex107.htm LETTER TO JOE NEUBAUER Q2 2012 ARAMARK EX 10.7

Exhibit 10.7

May 7, 2012

Mr. Joseph Neubauer

_________________

Dear Joe:

We would like to memorialize certain changes to your Employment Agreement with ARAMARK Corporation dated as of November 2, 2004, as previously amended (your “Employment Agreement”). As we have previously discussed, your Employment Agreement is amended by this letter agreement as follows:

•

Effective May 7, 2012, you will cease to be the Chief Executive Officer of ARAMARK Corporation, but you will remain as the Chairman of the Board and your duties will be consistent with that of a Chairman. Your ceasing to be the Chief Executive Officer will not be treated as a “Good Reason” event or otherwise constitute a termination of your employment for purposes of your Employment Agreement or otherwise.

For ease of reference, all capitalized terms used in this letter are as defined in the Employment Agreement.

Please sign where indicated below to acknowledge that your Employment Agreement will be revised as set forth above, effective upon your signature, and return such signed copy to my attention at your earliest convenience.

ARAMARK CORPORATION

/s/ ROBERT J. CALLANDER

Robert J. Callander

Chairman, Compensation and

Human Resources Committee

ARAMARK Holdings Corporation

/s/ JOSEPH NEUBAUER

Joseph Neubauer