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FIRST AMENDMENT TO EXECUTIVE
EMPLOYMENT AGREEMENT
This First Amendment to Employment Agreement is
entered into by and between American Reprographics Company, a
Delaware corporation (“ AR C”) as the employer,
and Jonathan R. Mather , 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 November 29, 2006
(“Agreement”), under which Executive is employed as
Chief Financial Officer of ARC. 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 2 of the Agreement
(“Term”) is amended to replace “the third (3rd)
anniversary of the Effective Date” with “March 31,
2012.”
3. Section 3(a) of the Agreement
(“Base Salary”) is amended to replace
“$360,000” with “$375,000.”
4. Section 3(b) of the Agreement
(“Incentive Bonus”) is amended to replace “an
amount equal to sixty percent (60%) of Executive’s Base
Salary per year” with “an amount equal to eighty
percent (80%) of Executive’s Base Salary per year.”
Section 3(b) is further amended to add the following:
The Incentive
Bonus payable to Executive, if any, for e
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