Extension of Employment Agreement between MAXIMUS, Inc. and Richard A. Montoni (December 22, 2009)
MAXIMUS, Inc. and its Chief Executive Officer, Richard A. Montoni, have agreed to extend Montoni's existing employment agreement. The new expiration date for the agreement is April 24, 2014, instead of the original April 24, 2010. All other terms and conditions of the original employment agreement remain unchanged. This extension was authorized by the company's Compensation Committee and confirmed by both parties' signatures.
EXHIBIT 10.1
Extension of Employment Agreement of Richard A. Montoni
December 22, 2009
Mr. Richard A. Montoni
Chief Executive Officer
MAXIMUS, Inc.
11419 Sunset Hills Road
Reston, Virginia 20190
Re: Extension of Employment Agreement
Dear Rich:
You and MAXIMUS, Inc. (“MAXIMUS”) entered into an Executive Employment, Non-Compete and Confidentiality Agreement effective April 24, 2006 which was subsequently amended on November 20, 2007 (the “Employment Agreement). The original term of the Employment Agreement is scheduled to expire on April 24, 2010. The Compensation Committee of the Board of Directors of MAXIMUS has authorized the extension of the Employment Agreement until April 24, 2014.
If you agree to extend the Employment Agreement until April 24, 2014, please sign where indicated below and return the signed version of the letter to me. All other terms and conditions of the Employment Agreement shall remain unchanged. Please contact me with any questions. Thank you.
Sincerely.
| /s/ David R. Francis |
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| David R. Francis |
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| General Counsel |
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AGREED:
| /s/ Richard A. Montoni |
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| Richard A. Montoni |
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| December 22, 2009 |
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| Date |
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