First Amendment to Restated Employment Agreement between Sonesta International Hotels Corporation and Roger P. Sonnabend
This amendment updates the employment agreement between Sonesta International Hotels Corporation and Roger P. Sonnabend. It changes Mr. Sonnabend's role to Executive Chairman of the Board, subject to the Board's direction, and revises the procedures for giving official notices under the agreement. All other terms of the original agreement remain unchanged. The amendment is effective as of May 16, 2005.
EXHIBIT 10.2
AMENDMENT
TO
RESTATED EMPLOYMENT AGREEMENT
Reference is made to that certain Restated Employment Agreement (the Agreement), dated as of November 21, 1995, between Sonesta International Hotels Corporation (the Company) and Roger P. Sonnabend (the Executive). This shall constitute an Amendment to the Agreement.
1. Section 3 is deleted and replaced with the following:
3. Duties. The Executive shall be employed by the Company as Executive Chairman of the Board, as the same may be expanded or reduced from time to time, subject always to the direction of the Board of Directors of the Company.
2. Section 11 is deleted and replaced with the following:
11. Notices. All notices under this Agreement shall be in writing and delivered by hand or addressed and mailed by registered or certified mail, return receipt requested, if to the Company:
| Sonesta International Hotels Corporation |
| 116 Huntington Avenue, Floor 9 |
| Boston, MA 02116 |
| Attn: Office of Treasurer |
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with a copy to: | |
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| Norman Spector, Esq. |
| Burns & Levinson |
| 125 Summer Street |
| Boston, MA 02110 |
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and if to the Executive | |
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| Mr. Roger P. Sonnabend |
| 72 Mt. Vernon Street |
| Boston, MA 02108 |
or to such other address for notice as may be specified by any party hereto by notice given in the manner herein provided.
3. In all other respects the Agreement remains unchanged and in effect as of this May 16, 2005.
IN WITNESS WHEREOF, the parties have executed this First Amendment as of the day and year written above.
| SONESTA INTERNATIONAL HOTELS | ||
| CORPORATION | ||
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| By: | /S/ Boy van Riel |
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| Its: | Vice President & Treasurer |
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| /S/ Roger P. Sonnabend |
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| Roger P. Sonnabend |