Amendment to Offer Letter between Oracle USA, Inc. and Charles E. Phillips, Jr.

Contract Categories: Business Finance › Modification Agreements
Summary

Oracle USA, Inc. and Charles E. Phillips, Jr. have agreed to amend Mr. Phillips' original offer letter dated May 14, 2003. This amendment specifically removes the third paragraph of the original offer letter, which addressed severance terms. All other terms of the original offer letter remain unchanged. The amendment is effective as of August 26, 2005, upon acceptance by Mr. Phillips.

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EX-10.25 2 dex1025.htm AMENDMENT TO THE OFFER LETTER Amendment to the Offer Letter

Exhibit 10.25

 

[ORACLE USA, INC. LETTERHEAD]

 

August 26, 2005

 

Mr. Charles E. Phillips, Jr.

500 Oracle Parkway

M/S 5op11

Redwood Shores, CA 94065

 

Dear Charles:

 

This letter amends your May 14, 2003 offer letter (the “Offer Letter”) as set forth below.

 

The third paragraph of the Offer Letter (regarding severance) is hereby deleted in its entirety.

 

Please let me know if you have any questions.

 

Sincerely,

/s/ Joyce E. Westerdahl

Joyce E. Westerdahl

Senior Vice President, Human Resources

 

AGREED AND ACCEPTED:

        

CHARLES PHILLIPS, JR.

         

Print Name

        

/s/ Charles Phillips, Jr.

      

26 August 2005

Signature

      

Date