Amendment to Employment Agreement between PRG-Schultz USA, Inc. and John Cook

Contract Categories: Human Resources › Employment Agreements
Summary

This amendment updates the employment agreement between PRG-Schultz USA, Inc. and John Cook, effective February 24, 2003. The main change is an increase in Mr. Cook's base salary from $500,000 to $600,000 per year, with the new amount paid bi-weekly according to company procedures. All other terms of the original agreement remain unchanged.

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EX-10.1 3 g82182exv10w1.txt EX-10.1 AMENDMENT TO EMPLOYMENT AGREEMENT EXHIBIT 10.1 (PRG SCHULTZ LOGO) March 07, 2003 Mr. John Cook 40 Cates Ridge Atlanta, GA 30327 Dear Mr. Cook: This letter confirms our agreement to amend, effective February 24, 2003, your Employment Agreement with PRG-Schultz USA, Inc., dated March 20, 1996 (the "Agreement") in the following manner: Base salary increase from $500,000.00 per annum paid $19,230.77 bi-weekly to $600,000.00 per annum paid $23,076.93 bi-weekly in accordance with the Company's customary payroll procedures. Except for the adjustment above, the terms of the Agreement shall continue in full force and effect as originally executed. Should you have any questions, please give me a call. Best wishes, /s/ MARIE A. NEFF - --------------------------- Marie A. Neff Executive Vice President, Human Resources