Employment Agreement Extension Option Letter between Universal Orlando and Ric Florell
Universal Orlando is notifying Ric Florell, Senior Vice President and General Manager, Resort Revenue Operations, that it is exercising its option to extend his employment agreement for an additional two years, from December 4, 2005 to December 3, 2007. All terms and conditions of his current employment remain unchanged. Ric Florell is asked to acknowledge and agree to this extension by signing and returning the letter.
Exhibit 10.39
June 14, 2005
Ric Florell
6026 Jamestown Park
Orlando, FL 32819
Re: Employment Agreement – Option
Dear Ric:
Pursuant to your Employment Agreement dated June 26, 2002 under which you have been employed as Senior Vice President and General Manager, Resort Revenue Operations, we hereby exercise our option to extend the term for two (2) years, commencing on December 4, 2005 and continuing until December 3, 2007 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: John Sprouls
ACKNOWLEDGED AND AGREED:
| /s/ Ric Florell | ||||||
| Ric Florell | Date | |||||
