Amendment to Employment Agreement - Kenneth C. Budde
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EX-10.1 2 h26894exv10w1.htm AMENDMENT TO EMPLOYMENT AGREEMENT - KENNETH C. BUDDE exv10w1
Exhibit 10.1
Date: | July 7, 2005 | |
To: | James W. McFarland, Compensation Committee Chairman Ken Budde | |
From: | Phil Sprick | |
Subject: | Ken Budde’s compensation |
Gentlemen,
As I discussed with you both, Ken Budde’s Employment Agreement contains an error on page A-1, section 1 (see attached). I understand that the intention of the Compensation Committee was for Ken to receive a Base Salary according to the following schedule:
Effective on September 21, 2005: $550,000
Effective on September 21, 2006: $600,000
In order to document this correction, please sign below, and also correct and initial the references on the attached page A-1, section 1.
Thank you,
Phil Sprick
Senior Administrative Officer
I agree to the correction described above.
/s/JAMES W. MCFARLAND | July 7, 2005 | |
James W. McFarland | Date | |
Compensation Committee Chairman | ||
/s/KENNETH C. BUDDE | July 7, 2005 | |
Kenneth C. Budde | Date |
