Amendment to Employment Agreement Between Nortel Networks Inc. and George Riedel Dated November 10, 2010
This amendment, dated November 10, 2010, modifies the employment agreement between Nortel Networks Inc. and George Riedel. The only change is the extension of the termination date to March 31, 2011. All other terms of the original agreement remain unchanged. The amendment is acknowledged by both parties and consented to by Ernst & Young Inc. as Monitor for Nortel Networks Corporation.
Exhibit 10.123
CONFIDENTIAL-SPECIAL HANDLING
November 10, 2010
Mr. George Riedel
1 Meadowbrook Road
Weston, MA 02493
Dear George:
I write to confirm an amendment to your Employment Agreement (“Agreement”), dated April 29, 2010. It is agreed that this amendment shall set the Extended Termination Date (as defined in the Agreement) to be March 31, 2011.
Further you understand and agree that the establishment of the Extended Termination Date above is the only amendment made to the Agreement. If you are in accord with this amendment please sign and return one copy of this letter to me while retaining a copy for you file.
Sincerely,
| NORTEL NETWORKS INC. |
| /S/ JOHN RAY |
| John Ray NNI Principal Officer |
ERNST & YOUNG INC.
in its capacity as Monitor of Nortel Networks Corporation et al.
and not in its personal capacity consents to this amendment
| /S/ MURRAY MCDONALD |
| Murray McDonald President |
Accepted this 10th day of November, 2010
| /S/ GEORGE RIEDEL |
| George Riedel |
