Amendment to Employment Agreement between Valassis Communications, Inc. and William F. Hogg, Jr.

Summary

Valassis Communications, Inc. and William F. Hogg, Jr. have agreed to amend their existing employment agreement. This amendment, effective January 5, 2001, extends Mr. Hogg's employment period with the company until September 30, 2003. All other terms of the original employment agreement remain unchanged. This document, along with the original agreement, represents the full understanding between the parties regarding Mr. Hogg's employment term.

EX-10.23(D) 12 dex1023d.txt AMENDMENT EMPLOYMENT AGREE W. F. HOGG, JR. 1/01 EXHIBIT 10.23(d) AMENDMENT TO EMPLOYMENT AGREEMENT THIS AMENDMENT TO EMPLOYMENT AGREEMENT (the "Amendment") is made January 5, 2001 by and between Valassis Communications, Inc. (the "Corporation") and William F. Hogg (the "Executive"). WHEREAS, the Corporation and the Executive entered into that certain Employment Agreement effective as of March 18, 1992, as amended on December 22, 1995, January 20, 1997 and December 23, 1998 (the "Employment Agreement"); and WHEREAS, the Corporation and the Executive desire to amend the Employment Agreement to extend the term of employment under the Employment Agreement. NOW THEREFORE, in consideration of the above recitals, the parties hereto agree as set forth below. 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 March 18, 1992 (the "Effective Date") and shall continue until the close of business on September 30, 2003." 2. All other terms of the Employment Agreement shall remain in full force and effect. 3. 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 above written. /s/ Valassis Communications, Inc. ------------------------------------ /s/ William F. Hogg, Jr. ------------------------------------