Employment Agreement Extension Letter between TheStreet.com, Inc. and James J. Cramer (February 2008)

Contract Categories: Human Resources › Employment Agreements
Summary

This letter agreement extends the employment of James J. Cramer with TheStreet.com, Inc. under the terms of his existing Employment Agreement and its prior amendment. The extension moves the expiration date to April 15, 2008, with Mr. Cramer's annual salary remaining at $1,000,000. All other terms of the original agreement remain unchanged. Both parties have signed to confirm their acceptance of these terms.

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EX-10.1 2 r14926_ex10-1.htm

 

 

 

 

February 11, 2008

 

 

Mr. James J. Cramer

c/o TheStreet.com, Inc.

14 Wall Street

15th Floor

New York, NY 10005

 

 

Re:

Employment Agreement, dated as of August 1, 2005 (the “Employment Agreement”) and the Employment Agreement Amendment dated December 7, 2007 (the “Amendment”), between you and TheStreet.com, Inc., (the “Company”).

 

 

Dear Jim:

 

Reference is made to the Employment Agreement and the Amendment, which is set to expire on February 15, 2008. We wish to extend the Term of the Employment Agreement through April 15, 2008 at your current Annual Salary. Capitalized terms used and not defined herein have the same meanings ascribed to them in the Employment Agreement.

 

In consideration of the foregoing and of the mutual agreements of the parties contained herein, the parties hereby agree as follows:

 

 

1.

The Term of the Employment Agreement is hereby extended, and shall expire on April 15, 2008.

 

 

 

2.

The Annual Salary payable to you under the Employment Agreement shall be $1,000,000 which is equal to your current salary as set by the Compensation Committee of the Board of Directors of the Company.
 

 

 

3.

Except as expressly modified, amended or supplemented by this letter agreement, all other terms and provisions of the Employment Agreement shall remain and continue unmodified in full force and effect.
 

 

 


 

 

If the foregoing accurately reflects your understanding, kindly sign this letter in the space provided below.

 

Best regards,

 

THESTREET.COM, INC.

 

 

 

By: ______/s/ Tom Clarke_________

 

Thomas J. Clarke, Jr.,

 

 

Chairman & CEO Committee

 

 

 

AGREED & ACCEPTED:

February 14, 2008

 

 

__/s/ James Cramer_________

James J. Cramer