Amended Oral Agreement Between Dr. David C. Collins and Learning Tree International, Inc.
Dr. David C. Collins and Learning Tree International, Inc. have an amended oral agreement under which Dr. Collins serves as Vice Chairman of the Board. He receives an annual compensation of one dollar and company-paid life insurance premiums for a special program. Dr. Collins provides advice on special projects as agreed with the company and oversees a charitable program, subject to approval by the Board's Nominating and Governance Committee.
Exhibit 10.2
WRITTEN DESCRIPTION OF
AMENDED ORAL AGREEMENT
BETWEEN
DR. DAVID C. COLLINS AND
LEARNING TREE INTERNATIONAL, INC.
Dr. David C. Collins, formerly Chairman of the Board and Chief Executive Officer of Learning Tree International, Inc. (the “Company”), has been Vice Chairman of the Board since 2007 with an annual compensation of one dollar per year plus Company-paid life insurance premiums for a special life insurance program. Dr. Collins provides advice on special projects as mutually agreed between him and the Company and oversees a charitable program with the concurrence of the Nominating and Governance Committee of our Board of Directors.
