Extension of Employment Agreement between CIT Group Inc. and C. Jeffrey Knittel
CIT Group Inc. and C. Jeffrey Knittel have agreed to extend the term of Mr. Knittel's existing employment agreement by one year, now ending on December 31, 2011. All other terms and conditions of the original employment agreement remain unchanged and in effect. This extension is confirmed by both parties through this signed letter, and it does not grant any rights to third parties.
Exhibit 10.30
CIT GROUP, INC.
11 West 42nd Street
New York, NY 10036
| Via Hand Delivery March 14, 2011 Re. Extension of Term of Employment Agreement Dear Jeff: This letter will confirm that the Board of Directors of CIT Group Inc. (the “Company”) has determined to extend the “Term” of your Amended and Restated Employment Agreement with the Company dated as of May 8, 2008, as amended (your “Employment Agreement”) for one year, through December 31, 2011. You and the Company agree that the provisions of your Employment Agreement, as revised and extended by this letter remain in full force and the Term shall continue through December 31, 2011 without interruption. Nothing in this letter is intended to confer any rights on any person other than you or the Company. Please acknowledge your agreement by signing the enclosed copy of this letter and returning it to me as soon as possible. On behalf of the Board, I thank you for your continued service with the Company. Very truly yours, Lisa D. Zonino |
