Exhibit 10.2
AMENDMENT TO
AMENDED AND
RESTATED
EXECUTIVE EMPLOYMENT
AGREEMENT
THIS AMENDMENT, dated as of August
24, 2009, to Amended and Restated Executive Employment Agreement,
dated as of December 31, 2008, between David W. Carlson
(“Executive”) and GameStop Corp. (the
“Company”) (such agreement, the “Original
Agreement”). (Defined terms used herein shall have the
respective meanings ascribed thereto in the Original
Agreement.)
WHEREAS, effective as of the date
hereof, Executive has voluntarily agreed to modify his position and
duties and will no longer be Chief Financial Officer of the
Company; and
WHEREAS, as a result, the Parties
desire to modify the Original Agreement as provided
below;
NOW, THEREFORE, the Parties hereby
agree that the Original Agreement shall be modified as
follows:
1.
Executive’s Position/Duties . From the date
hereof through February 27, 2010 (the “EVP Period”),
Executive shall be an Executive Vice President of the Company. From
February 28, 2010 through March 3, 2012 (the “VP
Period”), Executive shall be a Vice President of the Company.
For each such period, Executive shall perform such duties as
designated by the Chief Executive Officer or Chief Operating
Officer of the Company. Executive’s employment with the
Company shall automatically terminate effective March 3, 2012,
without further notice on the part of either Party, and with no
subsequent renewal terms.
(a)
Base Salary . For the EVP Period, Executive’s
annual Base Salary shall be $500,000 and for the VP Period,
Executive’s annual Base Salary shall be $250,000.
(b)
Bonuses/Distributions . Executive shall continue to
receive any bonus to which he would otherwise be entitled for the
Company’s fiscal year e
