Amendment to Employment Agreement between Steven C. Anaya and Company (Extension to October 31, 2009)
This letter agreement, dated January 31, 2008, extends the term of Steven C. Anaya's Employment Agreement with the company by one year, now ending on October 31, 2009. The amendment updates relevant sections of the original agreement to reflect the new end date. Steven C. Anaya is required to acknowledge and confirm the extension by signing and returning the letter. All other terms of the original agreement remain unchanged.
EXHIBIT 10(b)
January 31, 2008
TO: STEVEN C. ANAYA
Dear Steve:
This letter confirms that the term of your Employment Agreement dated November 1, 2004, as amended (the “Agreement”), has been amended to extend the term of the Agreement for a one year period ending October 31, 2009. As such, (i) Section 1 of the Agreement is amended to provide that the term “Employment Period” means the period commencing on the Effective Date and ending October 31, 2009 and (ii) Section 4.10(i) of the Agreement is amended to change the date therein to October 31, 2009.
Please acknowledge and confirm your agreement to the extension by signing and returning a copy of this letter to Joanna Albrecht.
Sincerely,
| /s/ R. Scott Jones |
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| R. Scott Jones | |
| President and CEO | |
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| ACKNOWLEDGED and CONFIRMED: | |
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| /s/ Steven C. Anaya |
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| Steven C. Anaya | |
