Attached files
file | filename |
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S-1 - FORM S-1 - Party City Holdings Inc. | y86057s1sv1.htm |
EX-3.3 - EX-3.3 - Party City Holdings Inc. | y86057s1exv3w3.htm |
EX-3.4 - EX-3.4 - Party City Holdings Inc. | y86057s1exv3w4.htm |
EX-10.6 - EX-10.6 - Party City Holdings Inc. | y86057s1exv10w6.htm |
EX-10.8 - EX-10.8 - Party City Holdings Inc. | y86057s1exv10w8.htm |
EX-23.1 - EX-23.1 - Party City Holdings Inc. | y86057s1exv23w1.htm |
EX-10.5 - EX-10.5 - Party City Holdings Inc. | y86057s1exv10w5.htm |
EX-10.4 - EX-10.4 - Party City Holdings Inc. | y86057s1exv10w4.htm |
Exhibit 10.7
Amscan Inc. 80 Grasslands Road Elmsford, New York 10523 (914) 345-2020
April 28, 1997
Mr. Michael A. Correale
27 Weeburn Lane
Wilton CT 06897
27 Weeburn Lane
Wilton CT 06897
Dear Michael:
This letter will confirm our understanding regarding your employment with Amscan Holdings Inc. as
Corporate Controller. Your position will commence on May 12, 1997 at an annual salary of $125,000.
In addition to your base salary and your participation in Amscans generally available employee
benefit programs, you will also be entitled to an annual bonus of up to 50% of base salary and to
stock options under the Companys stock incentive program, both of which are predicated upon
individual and Company performance and subject to approval by the Board of Directors of Amscan
Holdings Inc.
We have further agreed that in the event your employment with the Company is terminated by the
Company for any reason other than for cause you will be entitled to receive severance in an amount
equal to one years compensation at the rate of compensation in effect at the date of termination.
As I have mentioned before, we at Amscan are extremely excited that you are joining Amscan and am
confident that the experience and knowledge that you bring to Amscan will be of tremendous benefit
to our Company.
Sincerely, |
||||
/s/ Jim Harrison | ||||
Jim Harrison | ||||
Chief Financial Officer | ||||
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