Amendment No. 2 to Employment Agreement between Rewards Network Inc. and Ronald L. Blake
This amendment updates the employment agreement between Rewards Network Inc. and Ronald L. Blake. The main change is to the definition of "Change in Control," which will now follow the definition used in the company's 2006 Long-Term Incentive Plan. All other terms of the original agreement remain unchanged. The amendment is effective as of August 16, 2010.
Exhibit 10.9
AMENDMENT NUMBER TWO TO
EMPLOYMENT AGREEMENT
WHEREAS, Rewards Network Inc. (the “Corporation”) and Ronald L. Blake (the “Executive”) have heretofore entered into an Employment Agreement dated as of September 13, 2005, which was previously amended effective as of January 1, 2009 (the “Agreement”); and
WHEREAS, the Corporation and the Executive desire to further amend the Agreement.
NOW, THEREFORE, pursuant to Section 21 of the Agreement, the Agreement is hereby amended as follows, effective as of the date hereof:
1. Section 5 of the Agreement is hereby amended in its entirety to read as follows:
“5. Definition of Change in Control. For purposes of this Agreement, “Change in Control” shall have the meaning set forth in the Corporation’s 2006 Long-Term Incentive Plan, as the same may be amended from time to time.”
IN WITNESS WHEREOF, the Corporation has caused this instrument to be executed by its duly authorized officer and the Executive has executed this instrument as of this 16th day of August, 2010.
| REWARDS NETWORK INC. | ||
| By: | /s/ Roya Behnia | |
| Name: Roya Behnia | ||
| Title: SVP, General Counsel and Secretary | ||
| /s/ Ronald L. Blake | ||
| Ronald L. Blake | ||
