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 employment under his existing Employment Agreement. The new end date for his employment is December 31, 2009. All other terms and conditions of the original Employment Agreement remain unchanged. This extension is effective as of November 24, 2008, and is confirmed by both parties' signatures.
Exhibit 10.36
VIA HAND DELIVERY
November 24, 2008
C. Jeffrey Knittel
CIT
505 Fifth Avenue
New York, NY 10017
Re: Extension of Term of Employment Agreement
Dear Jeff:
Pursuant to Section 2 of your Amended and Restated Employment Agreement with the CIT Group Inc., dated May 7, 2008 (the “Employment Agreement”), the Term (as defined in the Employment Agreement) is hereby extended until December 31, 2009. This amendment shall be effective as of the date set forth above. Except for this extension of the Term, all other provisions of the Employment Agreement remain in effect.
Please acknowledge your agreement by signing the enclosed copy of this letter and returning it to me as soon as possible.
| Very truly yours, | ||||
| CIT GROUP INC. | ||||
| By: | /s/ James J. Duffy James J. Duffy Executive Vice president of Human Resources | |||
| Accepted and Agreed: | ||||
| /s/ C. Jeffrey Knittel C. Jeffrey Knittel | ||||
| James J. Duffy Executive Vice President & Global Head of Human Resources Human Resources 505 Fifth Avenue 8th Floor New York, NY 10017 | t: 212 ###-###-#### f: 212 ###-###-#### | |||
