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Exhibit 10.18
December 31,
2008
PERSONAL &
CONFIDENTIAL
C. Thomas
Richardson
[Home address
redacted]
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Employment
Agreement dated January 4, 2008 between you and NYFIX,
Inc.
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Dear
Tom:
You and NYFIX,
Inc. agree to the following amendments to the Agreement.
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The sixth
sentence of the last full paragraph (such paragraph beginning with
the words “While we certainly hope”) beginning on Page
4 of your agreement (such sentence beginning with the words
“Notwithstanding the above, in the event you terminate your
employment for ‘Good Reason’”) is amended as
follows:
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The words
“provided you sign a Release containing generally the release
language attached as Attachment E to this Agreement (the
“Release”)” are deleted;
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The words
” , subject to Attachment C,” are inserted prior to the
words “(i) twelve (12) months’ Base
Salary”;
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Subparagraph
(i) of such sentence is amended by adding the words “and
commencing 30 days following the termination of employment”
prior to the semicolon;
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Subparagraph
(ii) of such sentence is amended by adding the words “payable
in a lump sum within 30 days of your termination” prior to
the semicolon;
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The words
“but not later than March 15 of the applicable following
year” appearing at the end of such sentence are deleted and
replaced by the words “but not later than March 15 of the
year following termination.”
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The seventh
sentence of the last full paragraph beginning on Page 4 of your
agreement (such sentence beginning with the words
“Alternatively, in the event you terminate your employment
for Good Reason”) is amended as follows:
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The words
“payable in accordance with the Company’s normal
payroll practices and commencing 30 days following termination of
your employment,” are inserted before the words “less
required withholdings”;
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The words
“provided you execute a Release containing generally the
release language attached as Attachment E to this Agreement”
appearing after the words “less required withholdings”
are deleted.
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A new (eighth)
sentence is inserted after the seventh sentence of such paragraph,
to read in full as follows:
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“Your
severance payments and benefits provided above shall be made or
shall commence according to the terms of this Agreement on the
30 th
day after your termination, provided
that you execute a release containing the general release language
attached as Attachment E to this Agreement (the
“Release”), and that Release has become binding and any
applicable revocation period has lapsed as of such
date.”
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A new (tenth)
sentence is inserted at the end of such paragraph, to read in full
as follows:
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“The
distribution of the payments and benefits you receive upon your
termination of employment with the Company shall be subject to the
terms and conditions set forth in Attachment C.”
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Attachment C is
amended to read in its entirety as set forth in the attachment
hereto.
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If you are in
agreement with the foregoing, kindly execute a copy of this letter
and return it to the unders
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