AMENDMENT NUMBER TWO TO SEVERANCE, PROPRIETARY INTEREST PROTECTION AND NON-SOLICITATIONAGREEMENT
Exhibit 10.12
AMENDMENT NUMBER TWO TO
SEVERANCE, PROPRIETARY INTEREST
PROTECTION AND NON-SOLICITATION AGREEMENT
WHEREAS, Rewards Network Services Inc. (the Company) and Megan E. Flynn (the Executive) have heretofore entered into a Severance, Proprietary Interest Protection and Non-Solicitation Agreement dated as of March 18, 2005, which was previously amended effective as of January 1, 2009 (the Agreement); and
WHEREAS, the Company and the Executive desire to further amend the Agreement.
NOW, THEREFORE, pursuant to Section 13 of the Agreement, Section 1(c)(i) of the Agreement is hereby amended in its entirety to read as follows:
(i) a diminution in Executives duties resulting from a Change in Control (as such term is defined in the Companys 2006 Long-Term Incentive Plan, as the same may be amended from time to time),
IN WITNESS WHEREOF, the Company has caused this instrument to be executed by its duly authorized officer and the Executive has executed this instrument as of the 16th day of August, 2010.
REWARDS NETWORK INC. | ||
By: | /s/ Ronald L. Blake | |
Name: Ronald L. Blake | ||
Title: President and CEO | ||
/s/ Megan E. Flynn | ||
Megan E. Flynn |