Amendment to Amended and Restated Employment Agreement between JAG Media Holdings, Inc. and Stephen J. Schoepfer

Contract Categories: Human Resources › Employment Agreements
Summary

JAG Media Holdings, Inc. and Stephen J. Schoepfer have agreed to extend the terms of Schoepfer's Amended and Restated Employment Agreement, originally dated August 31, 2001 and previously amended in 2005. This amendment continues the agreement in effect through August 31, 2008, updating the definition of the employment term and clarifying that "Year 3" refers to the year ending August 31, 2008. All other terms of the original agreement remain unchanged.

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EX-10.7 3 y41591kexv10w7.htm EX-10.7: AMENDMENT TO AMENDED AND RESTATED EMPLOYMENT AGREEMENT EX-10.7  

EXHIBIT 10.7
JAG Media Holdings, Inc.
6865 S.W. 18th Street, Suite B13
Boca Raton, FL 33433
November 12, 2007
Stephen J. Schoepfer
c/o JAG Media Holdings, Inc.
6865 S.W. 18th Street, Suite B13
Boca Raton, FL 33433
     Re:      Extension of Amended and Restated Employment Agreement
Dear Steve:
     This letter sets forth an agreement amending your current Amended and Restated Employment Agreement with JAG Media Holdings, Inc. (the “Company”) dated August 31, 2001, as amended November 3, 2005 (the “Agreement”). Except as specifically agreed hereby, the Agreement, even though it has by its terms expired, shall continue in full force and effect through August 31, 2008. Section references below refer to sections in the Agreement.
     Section 1 shall read in full as follows:
     “1. Term. This Agreement will govern the principal terms and conditions of your employment from August 31, 2004 until August 31, 2008 (the “Term”), and the termination thereof that occurs during, and in certain as specified below, upon or following the expiration of the Term.”
     The term “Year 3” as used in Section 3 shall mean the year ending August 31, 2008.
     To indicate your agreement to the foregoing, please sign and return the enclosed copy of this letter.
         
  Sincerely yours,

JAG MEDIA HOLDINGS, INC.
 		  
  By:   /s/ Thomas J. Mazzarisi    
    Name:   Thomas J. Mazzarisi   
    Title:   Chairman and Chief Executive Officer   
 
Agreed to and accepted as of the
date first above written
     
/s/ Stephen J. Schoepfer
   
     
STEPHEN J. SCHOEPFER