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Exhibit
10.5
January 16,
2007
Mr. Richard R.
Grigg
Dear Dick,
Based on our discussions we
have mutually agreed to extend the expiration date of your July 20,
2004 agreement (“Agreement”) from August 20, 2007, to
March 31, 2008. Each party shall maintain the ability to terminate
the Agreement for any reason upon written notice given sixty days
in advance.
In consideration of the
foregoing, the sufficiency of which is hereby acknowledged by the
parties, paragraph two under subsection (e) of your Agreement shall
be amended to read as follows, with all other terms remaining as
written:
Your eligibility to
participate in the health care and group life insurance coverages
under the Flexible Benefits Plan will begin January 1, 2007.
Moreover, at the conclusion of your employment with the Company,
you will be granted the maximum credit (currently 85 points) for
purposes of determining the company contribution toward
the
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