Letter Agreement - Franklin C. Paul
Exhibit 10.30
Golfsmith International, Inc.- | PH ###-###-#### Administration | FAX ###-###-#### Administration | ||||
Golfsmith International, L.P. | PH ###-###-#### Purchasing | FAX ###-###-#### Purchasing | ||||
PH ###-###-#### Sales | FAX ###-###-#### Sales | |||||
11000 North IH-35 Austin, Texas ###-###-#### www.golfsmith.com |
March 29, 2005
Mr. Franklin C. Paul
11000 North IH-35
Austin, Texas 78753
Re: | First Amendment to Franklin C. Paul Employment Agreement with Golfsmith International, Inc. |
Dear Mr. Paul:
We refer to that certain Employment Agreement (the Agreement), dated as of October 15, 2002, between you and Golfsmith International, Inc. (the Company) whereby you have been retained by the Company to act as a senior adviser to the Companys Golf Club Components Division on an as needed basis.
The first sentence of Section 4(a) of the Agreement shall be amended to read as follows:
Executives annual salary shall be $26,000, which may be reviewed and increased at the discretion of the Board of Directors of the Company or any committee authorized by the Board of Directors of the Company duly authorized to take such action.
This amendment to the Agreement shall be deemed effective as of November 2, 2003. This letter agreement shall be governed by Texas law without reference to the choice of law principles thereof.
If the foregoing is acceptable to you, please execute this letter agreement in the space below, at which time this instrument will constitute a binding agreement among us.
Very truly yours,
GOLFSMITH INTERNATIONAL, INC. | ||||
By: | /s/ Virginia Bunte | |||
Name: Virginia Bunte | ||||
Title: Treasurer and Chief Financial Officer |
AGREED AND ACCEPTED:
By: | Franklin C. Paul | |||
Name: Franklin C. Paul |