SECOND AMENDMENT TO EMPLOYMENT AGREEMENT
Exhibit 10.14.2
SECOND AMENDMENT TO EMPLOYMENT AGREEMENT
This Second Amendment (Amendment) to the Employment Agreement (as defined below) is made and entered into as of February 13, 2014 (the Effective Date), by and between RetailMeNot, Inc., a Delaware corporation (the Company), and Louis Agnese, an individual (the Executive).
WHEREAS, the Company (then operating as WhaleShark Media, Inc.) and Executive previously entered into an Employment Agreement effective as of March 1, 2013, as amended by that certain Amendment to Employment Agreement dated October 15, 2013 (the Employment Agreement); and
WHEREAS, the Company and Executive wish to amend the Employment Agreement in the manner set forth herein, pursuant to Executives request.
NOW THEREFORE, in consideration of their mutual promises and agreements contained in the Employment Agreement and other good and valuable consideration, the Company and Executive agree as follows:
1. | Section 1.6.1 of the Employment Agreement shall be amended and restated to read in its entirety to read as follows: |
1.6.1. Voluntary Termination, Termination for Cause, Termination for Death or Disability. In the case of a termination of Executives employment hereunder for Death or Disability in accordance with Section 1.5.1 above, Executives Voluntary termination of employment hereunder in accordance with Section 1.5.2 above, or a termination of Executives employment hereunder for Cause in accordance with Section 1.5.3 above, (i) Executive shall not be entitled to receive payment of, and the Company shall have no obligation to pay, any severance or similar compensation attributable to such termination, other than Base Salary earned but unpaid, vested benefits under any employee benefit plan, and any unreimbursed expenses pursuant to Section 1.4.3 hereof incurred by Executive as of the Termination Date, and (ii) the Companys other obligations under this Agreement shall immediately cease.
2. | Except as specifically amended, the Employment Agreement shall remain in full force and effect as originally executed. |
3. | This Amendment may be signed in counterparts, each of which shall be an original, with the same effect as if the signatures were upon the same instruments. |
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IN WITNESS WHEREOF, this Amendment is hereby executed to be effective as of the date set forth above.
COMPANY | ||
RETAILMENOT, INC. | ||
By: | /s/ G. Cotter Cunningham | |
Name: | G. Cotter Cunningham | |
Title: | President and Chief Executive Officer | |
EXECUTIVE | ||
LOUIS AGNESE | ||
/s/ Louis Agnese | ||
By: Louis Agnese |
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