Employment Agreement Extension Option Letter between Universal Orlando and William A. Davis (May 22, 2008)
Universal Orlando has notified William A. Davis, its President & Chief Operating Officer, that it is exercising its option to extend his employment agreement for an additional two years, from October 2, 2008 to October 1, 2010. All terms and conditions of his current employment remain unchanged. Mr. Davis is asked to acknowledge and agree to this extension by signing and returning the letter.
Exhibit 10.23
May 22, 2008
William A. Davis
210 Acacia Terrace
Celebration, FL 34747
Re: Employment Agreement – Option
Dear Bill:
Pursuant to your Employment Agreement dated October 1, 2006 under which you have been employed as President & Chief Operating Officer we hereby exercise our option to extend the term for two (2) years, commencing on October 2, 2008 and continuing until October 1, 2010, such employment to be on all the same terms and conditions presently applicable to your employment.
Please acknowledge your receipt of this letter and agreement to the foregoing additional term of your Employment Agreement by signing and returning one original of this letter to me.
Very truly yours,
UNIVERSAL ORLANDO
By: Thomas L. Williams
ACKNOWLEDGED AND AGREED:
| /s/ William A. Davis | May 22, 2008 | |||||
| William A. Davis | Date |
