On December 19, 2008, the Board of Directors of Navigant Consulting, Inc. (the Company) approved the First Amendment to the Navigant Consulting, Inc. Employee Stock Purchase Plan to provide, effective as of April 1, 2009, that (i) shares of common stock of the Company would be purchased at ninety percent (90%) of the fair value of the common stock on the purchase date, and (ii) that employees are required to hold shares acquired under the Employee Stock Purchase Plan for a period of six (6) months. The foregoing description of the amendment is qualified in its entirety by reference to the amendment, a copy of which is attached hereto as Exhibit 10.1 and is incorporated herein by reference

EX-10.7 8 c48349exv10w7.htm EX-10.7 EX-10.7
Exhibit 10.7
FIRST AMENDMENT TO EMPLOYMENT AGREEMENT
BETWEEN
MONICA M. WEED
AND
NAVIGANT CONSULTING, INC.
     THIS FIRST AMENDMENT TO EMPLOYMENT AGREEMENT (“First Amendment”) is hereby entered into by and between Monica M. Weed (“Employee”) and Navigant Consulting, Inc. (the “Company”), effective January 1, 2009:
     WHEREAS, Employee and the Company are parties to the Employment Agreement dated as of November 3, 2008 between Employee and the Company (the “Agreement”);
     WHEREAS, the Company desires to amend the Agreement to provide for interest on any payments subject to a six month delay as a result of the rules under Section 409A of the Internal Revenue Code of 1986, as amended.
     NOW, THEREFORE, BE IT RESOLVED, the parties agree that the Agreement hereby is amended, effective as of January 1, 2009, as follows:
1. The last sentence of Section 11(b)(i) hereby is amended to add the following phrase immediately following the phrase “shall instead be paid” appearing therein: “, with interest at the rate of 5% per annum,”.
         
Agreed:
        
 
        
/s/ Julie M. Howard
      Date: December 19, 2008
 
        
Julie M. Howard
        
President, Navigant Consulting, Inc.
        
 
        
/s/ Monica M. Weed
      Date: December 19, 2008
 
        
Monica M. Weed