Letter Agreement Regarding Temporary Base Salary Reduction between American Reprographics Company and Dilantha Wijesuriya
American Reprographics Company and Dilantha Wijesuriya have agreed to temporarily reduce Mr. Wijesuriya's base salary by 5% for the year 2012. This reduction is effective from January 1, 2012, to December 31, 2012. If Mr. Wijesuriya's employment is terminated without cause during this period, any severance will be calculated based on his original base salary, not the reduced amount. All other terms of his employment agreement remain unchanged, and this letter agreement ends after December 31, 2012.
Exhibit 10.2
[ARC Letterhead]
February 21, 2012
Mr. Dilantha “Dilo” Wijesuriya
c/o American Reprographics Company
1981 North Broadway, Suite 385
Walnut Creek, California 94596
Dear Dilo:
You have agreed that the base salary payable under the Amended and Restated Executive Employment Agreement between you and American Reprographics Company (“ARC”), entered into on March 21, 2011 (the “Employment Agreement”), shall be reduced by five percent (5%) (the “2012 Base Salary Reduction”) effective as of January 1, 2012 through and including December 31, 2012 (the “Effective Period”). Terms not defined in this letter agreement have the meaning ascribed to them in the Employment Agreement.
Notwithstanding anything to the contrary contained in this letter agreement, if your employment with ARC is terminated other than for Cause during the Effective Period, any Base Salary severance benefits payable to you under Sections 11(a), (c) or (d) of the Employment Agreement shall be calculated based on the amount of Base Salary set forth in Section 3(a) of the Employment Agreement, without taking into account the 2012 Base Salary Reduction.
Except as expressly amended by this letter agreement, the Employment Agreement will remain in full force and effect. This letter agreement will terminate and be of no further force and effect upon expiration of the Effective Period.
Please sign below if the above accurately reflects our agreement on this matter.
| Sincerely, |
| American Reprographics Company |
| /s/ Kumarakulasingam Suriyakumar |
| Kumarakulasingam Suriyakumar, President and Chief Executive Officer |
| Agreed and Accepted: |
| /s/ Dilantha Wijesuriya |
| Dilantha Wijesuriya |
