Exhibit 10.30
GLOBAL GP LLC
AMENDMENT NO. 1
TO
EMPLOYMENT
AGREEMENT
THIS AMENDMENT NO. 1 TO EMPLOYMENT
AGREEMENT (this “ Amendment ”) is made and
entered into this February 4, 2009 by and between Global GP
LLC, a Delaware limited liability company (the “
Company ”), and Eric S. Slifka (the “
Executive ”). Capitalized terms used but not
otherwise defined herein shall have the meanings ascribed to such
terms in that certain Employment Agreement, made as of
December 31, 2008, by and between the Company and the
Executive (the “ Employment Agreement
”).
WHEREAS, , the Company and the Executive desire to make
certain modifications to the Employment Agreement as set forth
below, and in accordance with Section 15 of the Employment
Agreement.
NOW, THEREFORE,
in consideration of the mutual
promises and agreements set forth herein, and for other good and
valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties hereto, each intending to be
legally bound, hereby agree as follows:
1.
Amendment to
Section 7(g)(iii) of the Employment
Agreement.
Section 7(g)(iii) of the
Employment Agreement is hereby amended by deleting such section in
its entirety and replacing it with the following:
(iii)
“ Constructive Termination ” means termination
of this Agreement by the Executive as a result of any
(A) substantial diminution, without the Executive’s
written consent, in the Executive’s working conditions
consisting of (1) a material reduction in the
Executive’s duties and responsibilities, (2) any change
in the reporting structure so that the Executive no longer reports
solely to the Board, or (3) a relocation of the
Executive’s place of work further than forty (40) miles from
Waltham, Massachusetts, or (B) a material breach of this
Agreement by the Company. To be able to terminate his
employment with the Company for Constructive Termination, the
Executive must provide notice to the Co
