50 of the Top 250 law firms use our Products every day
AMENDMENT TO
G&K SERVICES EXECUTIVE EMPLOYMENT AGREEMENT
This Amendment to
G&K Services Executive Employment Agreement is entered into as
of the close of business on May 7, 2009 (the “
Effective Time ”) and amends that Executive Employment
Agreement by and between G&K Services, Inc. (“ G&K
Services ”) and Douglas A. Milroy (“
Executive ”), dated as of November 16, 2007 and
as amended as of April 10, 2009 (the “ Employment
Agreement ”).
A. Executive has been employed by G&K
Services as President, Direct Purchase and Business Development,
pursuant to the Employment Agreement.
B. G&K
Services desires to promote Executive to the position of Chief
Executive Officer, appoint Executive to the Board of Directors of
G&K Services and award Executive additional compensation in
connection with such promotion and appointment, subject to the
additional terms and conditions set forth in this
Amendment.
NOW,
THEREFORE, in consideration of the facts recited above, and the
parties’ mutual undertakings, G&K Services and Executive
agree to the following:
1. As of the
Effective Time, Section 2.1 of the Employment Agreement
is hereby amended by deleting the second sentence of said section
and inserting in lieu thereof the following:
“Executive will serve in the capacity of
Employer’s Chief Executive Officer.”
|
