Exhibit 10.1
AMENDMENT TO
EMPLOYMENT AGREEMENT
AMENDMENT dated December 11,
2007 (the “Amendment”) to the Employment Agreement
dated January 31, 2007 (the “Employment
Agreement”) between Haights Cross Communications, Inc., a
Delaware corporation (the “Company”), and Paul J.
Crecca (“Crecca”). All capitalized terms not otherwise
defined herein shall have the same meaning given to them in the
Employment Agreement.
WHEREAS, Section 14 of the
Employment Agreement provides that it may be amended by mutual
consent and now the Company and Crecca desire to amend the
Employment Agreement as set forth below to reflect recent changes
agreed to between the Company’s Board of Directors and
Crecca.
NOW, THEREFORE, in consideration of
the mutual covenants and agreements set forth herein, and for other
good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the parties hereto hereby agree as
follows:
1. Section 1(a) of the
Employment Agreement shall be replaced in its entirety with the
following text:
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“ Position . The Company agrees to employ Crecca,
and Crecca agrees to serve as President and Chief Executive Officer
of the Company. Crecca shall report to the Company’s Board of
Directors.” |
2. Section 1(c) of the
Employment Agreement shall be replaced in its entirety with the
following text:
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“ Duties and Powers. Crecca shall have the
customary duties, powers, responsibilities and authority of a
President and Chief Executive Officer. Crecca shall perform such
duties and exercise such powers upon such terms and conditions as
the Board of Directors shall reasonably impose. Crecca shall devote
his full working time and best efforts to the performance of his
duties under this Agreement, except that, with the consent of the
Board of Directors (which consent shall not be un |
