Amendment to Change in Control Severance Agreement between Versar, Inc. and Employee
This letter agreement amends the existing Change in Control Severance Agreement between Versar, Inc. and the employee. The amendment extends the expiration date of the agreement to March 15, 2014, as decided by the company's Board of Directors to align all such agreements to the same end date. All other terms of the original agreement remain unchanged. The amendment is effective upon the employee's acceptance and signature.
February 10, 2012
_______________
_______________
_______________
Re: Amendment to Change in Control Severance Agreement
Dear _____________,
Pursuant to the Letter Agreement executed _________________, the Change in Control Severance Agreement (“Agreement) between yourself and Versar, Inc., (“Company”) dated ________________ was amended so that the term of the agreement in Section 20 q(l)(a) thereof was extended from ______________ to _____________.
The Board of Directors in their February 7, 2012 meeting decided that all Change in Control Severance Agreements should expire at the same date.
This Letter Agreement amends Section 20 q(l)(a) of your Agreement to further extend the term from _______________ to March 15, 2014.
All other terms and conditions of the Agreement remain unchanged.
If you agree, please sign below.
| Sincerely, | |
| _______________________________ | |
| Anthony L. Otten | |
| Chief Executive Officer | |
| ACCEPTED AND AGREED | |
| _______________________________ | |
| _________________ | |
| _________________________________________ | |
| Date: ___________________ |
