EXHIBIT 10.5.1
AMENDMENT TO EXECUTIVE EMPLOYMENT AGREEMENT
This AMENDMENT TO EXECUTIVE
EMPLOYMENT AGREEMENT, dated as of January 16, 2007 (this
“Amendment”), by and between INTERSTATE HOTELS &
RESORTS, INC., a Delaware corporation (the “Company”),
INTERSTATE MANAGEMENT COMPANY, L.L.C., a Delaware limited liability
company (the “LLC”) and any successor employer, and
THOMAS F. HEWITT (the “Executive”), an individual
residing at
, amends that certain EXECUTIVE EMPLOYMENT AGREEMENT, effective as
of February 17, 2005 (the “Agreement”), by and
between the Company, the LLC and the Executive.
WHEREAS, the Company, the LLC and the
Executive seek to amend the Agreement pursuant to the terms and
conditions of this Amendment.
NOW, THEREFORE, in consideration of
the mutual covenants set forth herein and other good and valuable
consideration the parties hereto hereby agree as follows:
1. Term .
Paragraph 1 of the Agreement is hereby amended and restated in
its entirety as follows:
“1. Employment; Term .
The Company and the LLC each hereby employ the Executive, and the
Executive agrees to be employed by the Company and the LLC, upon
the terms and subject to the conditions set forth herein, for a
term commencing on February 17, 2005 (the “Commencement
Date”), and ending on February 17, 2010, unless
terminated earlier in accordance with Section 5 of this
Agreement; provided that such term shall automatically be
extended from time to time for additional periods of one calendar
year from the date on which it would otherwise expire unless the
Executive, on the one hand, or the Company and the LLC, on the
other, give notice to the other party at least 120 calendar
days
