Addendum to Employment Offer Letter Between Company and James Green (Relocation Provisions)

Summary

This addendum modifies the original employment offer between the company and James Green, specifically updating the relocation provisions. The company agrees to reimburse Mr. Green for rental housing up to $3,700 per month from March 1, 2000, until October 31, 2000, or until his North Carolina residence is sold, whichever comes first. If the company terminates his employment, it will continue rental reimbursements for up to one year. If Mr. Green resigns within a year of his last reimbursement, he must repay the relocation expenses.

EX-10.32 6 g67660ex10-32.txt ADDENDUM LETTER BETWEEN COMPANY AND JAMES GREENE 1 Exhibit 10.32 CONFIDENTIAL February 18, 2000 Mr. James Green 6105 Bur Trail Raleigh, NC 27616 Subject: ADDENDUM TO OCTOBER 13, 1999 OFFER OF EMPLOYMENT Dear Jim, With respect to the relocation provisions outlined in your original offer of employment letter dated October 13, 1999, the following revisions will apply: 1. The Company will reimburse you for rental housing, not to exceed $3,700 monthly, commencing March l, 2000 and ending October 31, 2000 or ending upon the sale of your residence in North Carolina, whichever occurs first. These reimbursements will be applied to your relocation costs and replace the prior agreement. 2. In the event that the Company terminates your employment, for any reason, the Company will continue to reimburse you for rental housing for no more than the one (1) year term of your lease (again, not to exceed $3,700 per month), beginning no later than March 1, 2000. As per your original offer of employment, if you should voluntarily resign your employment, you will be responsible for the repayment of relocation expenses for a period of one year from the date of your last reimbursement. For the Company: - -------------------- ---------- Barbara A. O'Grady 02/11/00 Director of Human Resources For the Employee: - -------------------- ----------- James Green 02/11/00 1 of 1