Extension Letter Agreement to Employment Agreement between Photronics, Inc. and Soo Hong Jeong

Contract Categories: Human Resources › Employment Agreements
Summary

Photronics, Inc. and Soo Hong Jeong have agreed to extend Mr. Jeong's employment agreement for one additional year, from October 28, 2007 to October 27, 2008. All other terms and conditions of the original agreement remain unchanged. The extension is confirmed by both parties' signatures.

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EX-10.1 2 exhibit10-1.htm EXTENSION LETTER AGREEMENT TO EMPLOYMENT AGREEMENT EXECUTED BY MR. JEONG ON NOV

Exhibit 10.1

CONFIDENTIAL

November 2, 2007

Soo Hong Jeong
#202 Sam-Ik Park Villa
248 Gumi-Dong
Bundang, Seongnam, Kyeonggi
Korea 463-802

          Re: Extension of your Employment Agreement

Dear S. H.:

Reference is made to the October 29, 2006 Letter Agreement between yourself and Photronics, Inc. extending your Employment Agreement dated June 9, 2006 (the “Agreement”) for an additional period of one year.

This letter will amend your Agreement to renew the Agreement for an additional period of one year beginning on October 28, 2007 and ending on October 27, 2008. All other terms and conditions of the Agreement will remain the same.

Please indicate your acceptance of the amendment of your Agreement by signing the enclosed copy of this letter and returning it to the undersigned.

Sincerely,

/s/ Michael J. Luttati

Michael J. Luttati

Chief Executive Officer


AGREED TO AND ACCEPTED
 

By: 

/s/ Soo Hong Jeong                              

 

Soo Hong Jeong

 

Date: 

November 6, 2007