Amendment to Letter Agreement between Monster Worldwide, Inc. and John McLaughlin (June 16, 2004)
This amendment updates the terms of a previous letter agreement between Monster Worldwide, Inc. and John McLaughlin. It changes the company name in the agreement, deletes a sentence from Section 2, and modifies a reference in Section 3 to specify a nine-month period. The original agreement, as amended, remains in effect. Both parties have signed to confirm their acceptance of these changes.
Exhibit 10.5
June 16, 2004
Mr. John McLaughlin
Dear John:
The letter agreement between you and Monster Worldwide, Inc. dated September 24, 2002, as amended by the letter dated April 1, 2003 (collectively, the “Letter Agreement”), is hereby amended as follows:
1. The references to “TMP Worldwide Inc.” in the Letter Agreement are each hereby amended to read “Monster Worldwide, Inc.”
2. The last sentence in Section 2 of the Letter Agreement is hereby deleted.
3. The reference to “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” in Section 3 of the Letter Agreement is hereby amended to read “period of nine months.”
4. 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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| MONSTER 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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