Expatriate Assignment Extension Letter Agreement between ModusLink and William R. McLennan
This agreement extends William R. McLennan's expatriate assignment in Singapore with ModusLink for an additional 24 months, now ending on April 1, 2009, unless further extended by mutual agreement or terminated at management's discretion. The original terms from the March 10, 2005 Letter of Understanding remain in effect, except for base salary adjustments. The agreement is signed by both parties, confirming their acceptance of the extension and its terms.
Exhibit 10.1
[MODUSLINK LOGO APPEARS HERE]
Corporate Offices
1100 Winter Street
Suite 4600
Waltham, MA 02451
United States
Tel: ###-###-####
Fax: ###-###-####
Via Facsimile (+65-6885-9401) and Email
February 15, 2007
Mr. William R. McLennan
c/o ModusLink PTE LTD
51 Ubi Avenue 3
Singapore 408858
Dear Bill:
This letter confirms our mutual agreement to extend you expatriate assignment in Singapore, which would otherwise expire on April 1, 2007, for an additional 24 months. Your assignment will now expire on April 1, 2009, but may be extended upon mutual agreement, and may be terminated at management’s sole discretion. The Letter of Understanding dated March 10, 2005 (other than your base salary, which has been adjusted from time to time) will continue to govern the terms of your assignment.
Bill, I appreciate the fine job you are doing as ModusLink’s President, International Business Unit, and look forward to your continued contributions to the company.
Very truly yours,
/s/ Joseph C. Lawler
Joseph C. Lawler
Agreed and Acknowledged:
/s/ William R. McLennan
William R. McLennan
2/19/07
Date
www.moduslink.com
