Amendment to Employment Agreement between Nortel Networks Inc. and George Riedel dated March 2, 2011
This letter agreement amends the employment agreement between Nortel Networks Inc. and George Riedel, originally dated April 29, 2010, and its prior amendment from November 10, 2010. The only change is the extension of the termination date to August 31, 2011. All other terms of the original agreement remain unchanged. The amendment is effective upon signature by both parties and is also consented to by Ernst & Young Inc. as Monitor of Nortel Networks Corporation.
Exhibit 10.124
| CONFIDENTIAL - SPECIAL HANDLING |  | |
March 2, 2011
Mr. George Riedel
1 Meadowbrook Road
Weston, MA 02493
Dear George:
I write to confirm an amendment to both your: i) Employment Agreement (“Agreement”), dated April 29, 2010, and ii) subsequent amendment to this Agreement dated November 10, 2010. It is agreed that this amendment shall revise the Extended Termination Date (as defined in the Agreement) to be August 31, 2011.
Further, you understand and agree that the revised 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 your 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 2nd day of March, 2011
| /S/ GEORGE RIEDEL |
| George Riedel |
