CDRT Holding Corporation Letter Agreement with Mark Bruning Regarding Salary and Automobile Allowance Adjustment
This letter agreement between CDRT Holding Corporation and Mark Bruning increases Mr. Bruning's base salary to $515,000 per year and his automobile allowance to $1,200 per month, effective from the closing date of a specified merger. All other terms of his existing employment agreement remain unchanged. The agreement is signed by both parties and serves as an amendment to the compensation terms in Mr. Bruning's employment contract.
Exhibit 10.14
CDRT Holding Corporation
c/o Clayton, Dubilier & Rice, LLC
375 Park Avenue
18th Floor
New York, NY 10152
May 25, 2011
CONFIDENTIAL
Mark Bruning
725 Forest View Way
Monument, CO 80132
Dear Mark:
Effective with respect to the period beginning on the closing date of the Merger (as defined in the Rollover Agreement, dated as of May 25, 2011, to which you and CDRT Holding Corporation are parties), your base salary will increase to $515,000 per year and your automobile allowance will increase to $1,200 per month. All other terms and conditions of your employment agreement dated May 4, 2009, as amended on March 16, 2010, will remain the same.
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| Sincerely, |
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| /s/William Sanger |
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| William A. Sanger |
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| Chief Executive Officer |
Accepted and agreed:
| /s/Mark Bruning |
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| Mark Bruning |
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