Amendment to Employment Agreement between Pathmark Stores, Inc. and John T. Standley (October 11, 2006)
Pathmark Stores, Inc. and John T. Standley have agreed to amend their existing employment agreement. Effective August 28, 2006, the company will pay or reimburse reasonable costs for temporary housing for Mr. Standley and his family near the company's executive offices in New Jersey. All other terms of the original agreement remain unchanged. This amendment is confirmed by both parties' signatures.
Exhibit 10.2
200 Milik Street, Carteret, New Jersey 07008
(732) 499-3930 • Telecopier ###-###-####
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| October 11, 2006 |
Mr. John T. Standley
2849 Myrtle Drive
Mechanicsburg, PA 17055
Dear John:
This letter amends the Employment Agreement dated August 23, 2005 between you and Pathmark Stores, Inc. (the “Agreement”). The Agreement shall remain in full force and effect, except that the following item in the Agreement has been amended as follows:
1. Effective as of August 28, 2006, Section3.(e)(iii) shall be deleted in its entirety and the following inserted in lieu thereof:
“(iii) The Company shall pay or promptly reimburse the reasonable cost of temporary housing for you and your family within commuting distance of the Company’s executive offices in New Jersey.”
Please acknowledge your agreement by executing and returning this original signed amendment.
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| Very truly yours, |
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| PATHMARK STORES, INC. |
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| By: /s/ Marc A. Strassler |
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| Marc A. Strassler |
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| Senior Vice President |
Agreed to and accepted
this 11th day of October, 2006.
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| /s/ John T. Standley |
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| John T. Standley |
