Amendment to Employment Agreement between Pathmark Stores, Inc. and Kenneth Martindale
Pathmark Stores, Inc. and Kenneth Martindale have amended their existing employment agreement. Effective November 28, 2006, the company will pay or reimburse reasonable costs for temporary housing for Mr. Martindale and his family near the company's executive offices in New Jersey. All other terms of the original agreement remain unchanged. Both parties have agreed to and signed this amendment.
Exhibit 10.18
200 Milik Street, Carteret, New Jersey 07008
(732) 499-3930 • Telecopier ###-###-####
November 28, 2006
Mr. Kenneth Martindale
Two 14th Street, Apt. 1111
Hoboken, NJ 07030
Dear Ken:
This letter amends the Employment Agreement dated December 14, 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 November 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/ John T. Standley |
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| John T. Standley |
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| Chief Executive Officer |
Agreed to and accepted
this 28th day of November, 2006.
| /s/Kenneth Martindale |
| Kenneth Martindale |
