Employment Agreement Modification between Niall J. Byrne and Inland Northwest, Southwest, Western Management Corps. and Inland Western Retail Real Estate Trust, Inc.

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Summary

This agreement modifies the employment terms between Niall J. Byrne and Inland Northwest Management Corp., Inland Southwest Management Corp., Inland Western Management Corp., and Inland Western Retail Real Estate Trust, Inc. It extends Mr. Byrne's employment until June 30, 2008, unless ended earlier, and states that any pay increase negotiated during this period will be retroactive to January 1, 2008. All other terms of the original employment agreement remain unchanged.

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EX-10.4 5 a08-10800_1ex10d4.htm EX-10.4

Exhibit 10.4

 

April 14, 2008

 

Mr. Niall J. Byrne

4708 North Lamon Avenue

Chicago, IL 60630

 

                    RE:  EMPLOYMENT AGREEMENT

 

Dear Niall:

 

This letter agreement (this “Agreement”) modifies certain terms of your employment agreement under which you agree to be employed by Inland Northwest Management Corp., Inland Southwest Management Corp. and Inland Western Management Corp. (collectively the “Companies”) and Inland Western Retail Real Estate Trust, Inc. (“IWEST”).

 

1. Employment Period.  Your term of employment with the Companies shall  continue until June 30, 2008 (the “Employment Period”), subject to earlier termination as provided therein.

 

2.  Retroactive.  The Company acknowledges that any compensation increase negotiated during the remainder of the Employment Period shall be made retroactive to January 1, 2008.

 

3.  Conflicts.  All other terms and condi tions in the original employment agreement remain in full force and effect.

 

 


 

 

 

IN WITNESS WHEREOF, each of the parties hereto has caused this Agreement to be executed and delivered as of the day and year first above written.

 

INLAND NORTHWEST MANAGEMENT
CORP., a Delaware corporation

 

Niall J. Byrne

 

 

 

By:

/s/ Michael J. O’Hanlon

 

/s/ Niall J. Byrne

 

 

 

INLAND SOUTHWEST MANAGEMENT
CORP., a Delaware corporation

 

 

 

 

 

By:

/s/ Michael J. O’Hanlon

 

 

 

 

 

INLAND WESTERN MANAGEMENT
CORP., a Delaware corporation

 

 

 

 

 

By:

/s/ Michael J. O’Hanlon

 

 

 

 

 

INLAND WESTERN RETAIL REAL
ESTATE TRUST, INC., a Maryland
corporation

 

 

 

 

 

By:

/s/ Michael J. O’Hanlon

 

 

 

Michael J. O’Hanlon

 

 

 

President and Chief Executive Officer

 

 

 

 

 

 

 

 

 

 

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