50 of the Top 250 law firms use our Products every day
FIRST AMENDMENT TO EXECUTIVE
EMPLOYMENT AGREEMENT
This First Amendment to Employment Agreement is
entered into by and between American Reprographics
Company, a Delaware
corporation (“ARC”) as the employer, and
Rahul K. Roy, an individual residing in the State of
California (“ Executive ”), as the employee, on
April 17, 2008.
This First Amendment is entered into with reference to the following
facts:
ARC and Executive entered into an Executive
Employment Agreement dated January 7, 2005
(“Agreement”), under which Executive is employed as
Chief Technology Officer of ARC.
The initial term of the Agreement expired as of
February 9, 2008, and the Agreement was automatically extended
on a year-to-year basis thereafter pursuant to Section 2 of
the Agreement. The parties now wish to enter into this First
Amendment to amend the Agreement.
Now therefore, the parties agree as follows:
1. All capitalized terms in this First
Amendment not otherwise defined herein shall have the meanings
ascribed to them in the Agreement.
2. Section 1(b) (“Position and
Duties”) is amended to replace “report to ARC’s
Chief Operating Officer (‘COO’)” with
“report to ARC’s Chief Executive Officer
(‘CEO’),” and to delete “COO” from
subparagraph (xi).
3. Section 2 of the Agreement
(“Term”) is amended to replace “the third (3rd)
anniversary of the Effective Date” with “March 31,
2011.”
4. Section 3(a) of the Agreement
(“Base Salary”) is amended to replace
“$400,000” with “$450,000,” and to replace
“annual review by the COO̶
|
