Addendum to International Assignment Letter Agreement between Equinix Operating Co., Inc. and Eric Schwartz
This addendum extends Eric Schwartz's international assignment with Equinix Operating Co., Inc. until August 1, 2012. It clarifies that certain relocation benefits, such as familiarization visits and moving costs, will not be provided again, except for continued temporary warehousing of furnishings. All other terms from the original assignment letter remain in effect. Eric Schwartz must accept the extension by signing and returning the letter by February 19, 2010.
Exhibit 10.42
February 9, 2010
Eric Schwartz
Dear Eric:
This letter is an addendum to the international assignment letter you executed with Equinix Operating Co., Inc. (the “Company”) dated April 15, 2008, as amended on December 19, 2008 (“Assignment Letter”). The Company hereby agrees to extend your international assignment to August 1, 2012. Please note that you and your family will not receive another familiarization visit, temporary living assistance, moving costs – household good assistance (except the Company will continue to pay for any temporary warehousing of your furnishings), settlement allowance, or driver training as discussed in the Assignment Letter, as these benefits were one time benefits offered only during your and your family’s initial move to the United Kingdom.
All other terms and conditions of the Assignment Letter will remain in effect through August 1, 2012.
Please signify your acceptance of the extension of your international assignment under these terms and conditions by signing the duplicate enclosed copy of this letter and returning to me by February 19, 2010.
| Yours sincerely, |
| /s/ Steve Smith |
| Equinix Operating Co., Inc. |
| Steve Smith |
| CEO & President |
Enclosure
Accepted and Agreed
| /s/ Eric Schwartz | 17-Feb-2010 | |||
| Eric Schwartz | Date |
