Amendment No. 7 to Employment Agreement between John Swider and American Media Operations, Inc.
This amendment, dated October 18, 2009, updates the employment agreement between John Swider and American Media Operations, Inc. It extends Mr. Swider's employment term with the company until March 31, 2011, with all other terms of the original agreement and its prior amendments remaining unchanged. The amendment is effective as of November 1, 2004. Both parties have signed to confirm their agreement to these changes.
Exhibit 10.21
| AMENDMENT NO. 7, dated as of October 18, 2009, to that Employment Agreement dated October 22, 2004 (the “Agreement”) by and between John Swider (the “Executive”) and AMERICAN MEDIA OPERATIONS, INC. (the “Company”). |
Effective as of the date first written above, the Agreement is hereby amended as follows:
1. Paragraph 1a of the Employment Agreement is hereby deleted and the following substituted therefore:
Employment Term. The Company shall employ Executive until March 31, 2011 (the “Employment Term”) on the terms and subject to the conditions set forth in this Agreement. The Agreement shall be considered effective as of November 1, 2004 (the “Effective Time”).
All other terms and conditions of Your Employment Agreement and any subsequent amendments of that Employment Agreement shall remain in full force and effect (unless modified above).
IN WITNESS WHEREOF, the parties hereto have duly executed this Amendment No. 7 as of the date first written above.
| AMERICAN MEDIA OPERATIONS, INC. | ||||
| By: | /s/ David Pecker | |||
| /s/ John Swider | ||
| John Swider | 10/30/2009 | |
