Amendment to Employment Letter Agreement between TMP Worldwide Inc. and John McLaughlin (April 1, 2003)
This amendment updates the employment letter agreement between TMP Worldwide Inc. and John McLaughlin. It changes Mr. McLaughlin's title from "Global Director, Search and Selection" to "Executive Vice President" and modifies the calculation of a twelve-month period referenced in the agreement to account for any months he receives base salary after April 1, 2003. All other terms of the original agreement remain unchanged and in effect. Both parties have agreed to these amendments by signing the document.
Exhibt 10.4
April 1, 2003
Mr. John Mclaughlin
Dear John:
The letter agreement between you and TMP Worldwide, Inc. dated September 24, 2002 is hereby amended as follows:
1. The references in the first sentence and in Section 1 of the Letter Agreement to “Global Director, Search and Selection” are each hereby amended to read “Executive Vice President.”
2. The reference to “period of twelve months” in Section 3 of the Letter Agreement is hereby amended to read “period determined by subtracting from twelve months the number of months (or portion thereof) for which you receive payment of base salary from and after April 1, 2003”.
3. The Letter Agreement, as amended by this agreement, is hereby ratified and confirmed and remains in full force and effect.
Please sign below to indicate your agreement with the foregoing.
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| TMP WORLDWIDE INC. | ||||
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| By: | /s/ Andrew J. McKelvey | |||
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| Name: | Andrew J. McKelvey | |||
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| Title: | CEO | |||
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| Accepted and Agreed: |
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| /s/ John Mclaughlin |
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| John Mclaughlin |
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