Amendment to Employment Agreement between NCO Group, Inc. and Ronald Rittenmeyer (March 2012)

Summary

NCO Group, Inc. and Ronald Rittenmeyer have agreed to amend their original employment agreement, extending its initial term to May 1, 2012. All other terms and conditions of the original agreement remain unchanged. This amendment is effective as of March 16, 2012, and is signed by both parties to confirm their agreement to the extension.

EX-10.38 2 a11-32064_1ex10d38.htm EX-10.38

Exhibit 10.38

 

AMENDMENT TO EMPLOYMENT AGREEMENT

 

This Amendment to Employment Agreement, dated as of March 16, 2012, is made by and between NCO GROUP, INC. (the “Company”), and Ronald Rittenmeyer (the “Executive”).

 

Whereas the Company and the Executive entered into an Employment Agreement dated as of March 18, 2011 (the “Employment Agreement”).

 

Whereas the Company and Executive wish to extend the initial term of the Employment Agreement until May 1, 2012.

 

Now therefore, in consideration of the mutual promises and covenants set forth herein, and intending to be legally bound hereby, the Company and the Executive agree to amend the Employment Agreement as follows:

 

1.              Extension of Term. The first sentence of paragraph 2 of the Employment Agreement entitled Term is hereby deleted and replaced by the following sentence: “The initial term of this Agreement shall be for a period commencing on the Effective Date and ending on May 1, 2012, unless terminated sooner pursuant to Section 5 hereof (the “Term of Employment”).”

 

2.              Other Provisions. All other terms and conditions of the Employment Agreement remain in full force and effect.

 

IN WITNESS WHEREOF, the Executive has hereunto set the Executive’s hand and the Company has caused this Amendment to Employment Agreement to be executed in its name on its behalf all of as of the day and year first above written.

 

 

NCO GROUP, INC.

 

 

 

 

 

 

 

By:

/s/ Thomas J. Erhardt

 

Name:

Thomas J. Erhardt

 

Title:

EVP CFO NCO Group

 

INTENDING TO BE LEGALLY BOUND I hereby set my hand below:

 

 

/s/ Ronald Rittenmeyer

 

Ronald Rittenmeyer

 

Dated:

March 18 2012