EX-10.51 SEPTEMBER 11, 2003 ADDENDUM TO EMPLOYMENT AGREEMENT

Contract Categories: Human Resources - Employment Agreements
EX-10.51 10 g93606exv10w51.txt EX-10.51 SEPTEMBER 11, 2003 ADDENDUM TO EMPLOYMENT AGREEMENT EXHIBIT 10.51 September 11, 2003 Richard Bacon 142 Oakwood Court Abbotsbury Road London, UK W14 8JS Dear Rick: This letter confirms our agreement with you regarding your compensation, effective 9/2/03. PRG Schultz International, Inc. will protect fifty percent (50%) of your base salary against the currency exchange rate on the date of September 2, 2003 ($1 = Pound Sterling 0.63694) for a period of 16 months. There will be two true-up periods, one in January 2004 for income earned through December 31, 2003 and one in January 2005 for income earned from January 1, 2004 through December, 2004. Sincerely, /s/ Marie Neff Marie Neff Executive Vice President, Human Resources MN/smh