Amendment to Employment Agreement between Pacer International, Inc. and Michael F. Killea (February 19, 2007)
This amendment updates the employment agreement between Pacer International, Inc. and Michael F. Killea, originally dated August 22, 2001. The main change is an extension of the severance period from 12 months to 24 months. All other terms of the original agreement remain unchanged. Both parties have agreed to this amendment by signing the document.
Exhibit 10.36
February 19, 2007
Mr. Michael F. Killea
2537 Holly Point Road East
Orange Park, FL 32073
Dear Michael:
This letter amends your Employment Agreement dated August 22, 2001 (the “Agreement”), with Pacer International, Inc. (“Pacer”), to extend the Severance Period thereunder from twelve (12) months to twenty-four (24) months and to correspondingly amend the definition of the capitalized term “Severance Period” for all purposes of the Agreement. Except as otherwise provided herein, the Agreement remains in full force and effect in accordance with its terms.
If the foregoing accurately sets forth our agreement, please acknowledge that by signing two counterparts of this letter where provided below and forwarding one to Bill Smith for your personnel file. The other counterpart is for your records.
| Very truly yours, | ||
| /s/ Michael E. Uremovich | ||
| Michael E. Uremovich | ||
| Chairman and Chief Executive Officer | ||
ACKNOWLEDGED AND AGREED
| /s/ Michael F. Killea |
| Michael F. Killea |
