Extension of Employment Agreement between Vivendi Universal Entertainment LLLP and John R. Sprouls
Vivendi Universal Entertainment LLLP is extending John R. Sprouls' executive employment agreement for an additional two years, from December 7, 2009, through December 6, 2011. Mr. Sprouls is required to acknowledge receipt of this extension notice by signing and returning a copy to the company. All other terms of the original employment agreement remain in effect.
Exhibit 10.1
January 29, 2009
Mr. John R. Sprouls
Vivendi Universal Entertainment LLLP
100 Universal City Plaza
Universal City, CA 91608
Dear Mr. Sprouls:
Reference is made to the employment agreement between you and Vivendi Universal Entertainment LLLP (“VUE” or the “Company”) dated April 17, 2006, as amended on July 25, 2008 (the “Employment Agreement”), pursuant to which you have been employed in an executive capacity. The Company hereby exercises its option to extend the term of the Employment Agreement for two (2) years, commencing December 7, 2009 and continuing through and including December 6, 2011.
Please acknowledge receipt of this notice by signing the attached copy and returning it to VUE. The original is for your records.
| Very truly yours, | ||||||
| VIVENDI UNIVERSAL | ||||||
| ENTERTAINMENT LLLP | ||||||
| By: | /s/ Crystal Wright | |||||
| RECEIPT ACKNOWLEDGED: | ||||||
| /s/ John R. Sprouls | ||||||
| JOHN R. SPROULS | ||||||
| 3/5/09 | ||||||
| Date | ||||||
OP1369
Note: Option to be delivered to executive no later than October 1, 2009.
