Amendment to Amended and Restated Employment Agreement Between Walt Disney Parks and Resorts Worldwide and Thomas O. Staggs
This amendment, dated March 17, 2011, is between Walt Disney Parks and Resorts Worldwide and Thomas O. Staggs. It removes Paragraph 7 and all related references from Mr. Staggs' existing employment agreement, effective immediately. All other terms of the original agreement remain unchanged and in effect. Both parties have agreed to this amendment by signing the document.
Exhibit 10.4
March 17, 2011
Mr. Thomas O. Staggs
Chairman
Walt Disney Parks and Resorts Worldwide
500 South Buena Vista Street
Burbank, California 91521
| RE: | Amendment to that certain Amended and Restated Employment Agreement Between The Walt Disney Company and Thomas O. Staggs dated as of December 18, 2008, as amended and assigned to Walt Disney Parks and Resorts Worldwide on January 7, 2010 (the “Agreement”) |
Dear Mr. Staggs:
This letter agreement will confirm that Paragraph 7 of the Agreement is hereby deleted in its entirety (together with all references thereto in the Agreement) and shall be of no further force or effect, effective as of the date hereof.
As amended hereby, the Agreement shall continue in full force and effect in accordance with its terms.
If the foregoing accurately reflects your understanding of our mutual agreement, please so indicate in the space provided below and return an executed copy hereof to us at your earliest convenience.
| Very truly yours,
WALT DISNEY PARKS AND RESORTS WORLDWIDE | ||
| By: | /s/ Marsha L. Reed | |
| Title: | Vice President | |
| Date: | March 17, 2011 | |
| ACCEPTED AND AGREED TO: | ||
| /s/ Thomas O. Staggs | ||
| Thomas O. Staggs | ||
| Date: | March 17, 2011 | |
