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Sample Business ContractsHome: Sample Business Contracts: [Letterhead of John T. Dickson]
Ms. Rae F. Sedel Subject: Kevin Pennington – Capital Loss Agreement Dear Rae, In confirmation of our conversation in London on December 16th, I propose that we extend the agreement (attached) covering Kevin’s investment in his Lehigh Valley property through to December 27, 2007. If you agree, would you please initial this memo and the attachment and return it to me. Thank you. /s/ John T. Dickson John T. Dickson Att. Copy to:
[Letterhead of John T. Dickson] July 27, 2001 Dear Kevin: This letter will modify your employment agreement dated December 27, 2000 (the “Letter”). Terms used herein and not defined have the meanings ascribed to them in the Letter. Agere Systems Inc. (“Agere”) agrees that if, prior to December 27, 2003, your employment with Agere is terminated for any reason other than “cause,” and if you have not entered into a contract for the sale of your house for a contracted sale price at least equal to the “minimum price” within three months after any such termination, and provided that you have used your best efforts to sell your house for at least the minimum price, Agere will, at its option, either (i) purchase the house from you at the minimum price or (ii) reimburse you for any difference between the minimum price and actual price at which you contract for the sale of If you agree, please indicate by signing the enclosed copy of this letter.
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