50 of the Top 250 law firms use our Products every day
Exhibit 10.44
PRIMEDIA Magazines Inc.
c/o PRIMEDIA Inc.
745 Fifth Avenue
New York, New York 10151
March 22, 2004
Mr. Steven Parr
Dear Steve:
In connection with your employment
with PRIMEDIA Magazines Inc. (“PRIMEDIA”), this Letter
Agreement (the “Letter Agreement”), will constitute our
agreement relating to amounts owing to you in connection with the
termination of your employment under certain circumstances as
described herein.
In the event that PRIMEDIA
terminates your employment without cause, we will pay you as
severance an aggregate amount equal to 12 month’s base salary
at the rate being paid on the date of termination, less applicable
withholdings, payable in bi-weekly installments on the regularly
scheduled payroll dates.
No severance payments whatsoever
shall be payable upon termination of your employment for cause. For
purposes of this Letter Agreement, “cause” shall
include any act of dishonesty committed by you in connection with
your employment, substance abuse, conviction of a felony, behavior
injurious to the Company, the willful
|
