Amendment to Employment Agreement between Valassis Communications, Inc. and Brian J. Husselbee

Contract Categories: Human Resources › Employment Agreements
Summary

Valassis Communications, Inc. and Brian J. Husselbee have agreed to amend their existing employment agreement. The amendment extends Mr. Husselbee's employment period to March 30, 2014, removes certain sections (4(c) and 6), and eliminates references to "Good Reason" in section 4(d). All other terms of the original agreement remain unchanged. This amendment, together with the original agreement, represents the full understanding between the parties regarding Mr. Husselbee's employment.

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EX-10.2 3 v39667_x102052312.htm AMENDMENT TO BRIAN HUSSELBEE EMPLOYMENT AGREEMENT v39667_x102052312.htm
Exhibit 10.2
 

AMENDMENT
TO
EMPLOYMENT AGREEMENT

THIS AMENDMENT TO EMPLOYMENT AGREEMENT (the “Amendment”) is made May 23, 2012, by and between Valassis Communications, Inc. (the “Corporation”) and Brian J. Husselbee (the “Executive”).
 
WHEREAS, the Corporation and the Executive entered into that certain Employment Agreement effective as of September 28, 2009 as amended on  December 31, 2009 (the “Employment Agreement”); and

NOW, THEREFORE, for good and valuable consideration, the sufficiency of which is acknowledged, the parties hereto agree as follows:
 
1.         Section 1(b) of the Employment Agreement shall be amended to read in its entirety as follows:

“The Employment Period shall commence as of September 28, 2009 (the “Effective Date”) and shall continue until the close of business on March 30, 2014.”

2.         Sections 4(c), and 6 of the Employment Agreement shall be removed in their entirety.

3.         Section 4(d) shall be amended to remove references to the phrase “Good Reason”.

4.         All other terms of the Employment Agreement shall remain in full force and effect.

5.         This instrument, together with the Employment Agreement, contains the entire agreement of the parties with respect to the subject matter hereof.

IN WITNESS WHEREOF, the Executive and the Corporation have caused this Agreement to be executed as of the day and year first written above.
 
 
VALASSIS COMMUNICATIONS, INC.
   
   By:
 /s/ Todd Wiseley
 
Name: Todd Wiseley
 
Title:  Secretary
   
   
 
/s/ Brian J. Husselbee
 
Brian J. Husselbee