Attached files
file | filename |
---|---|
8-K - 8-K - COBRA ELECTRONICS CORP | d463136d8k.htm |
EX-99.1 - EX-99.1 - COBRA ELECTRONICS CORP | d463136dex991.htm |
Exhibit 10.1
AMENDMENT TO
LETTER AGREEMENT DATED JULY 28, 2010
BETWEEN
COBRA ELECTRONICS CORPORATION
AND
SALLY WASHLOW
WHEREAS, Cobra Electronics Corporation, a Delaware Corporation (the Company), and Sally Washlow (Executive) entered into a letter agreement dated July 28, 2010 (the Agreement);
WHEREAS, the Agreement sets for the terms and conditions of Executives employment with the Company; and
WHEREAS, the parties mutually desire to amend certain terms of Executives employment with the Company.
NOW THEREFORE, the Agreement shall be amended, effective as of January 4, 2013, as follows:
1. Paragraph 1 of the Agreement shall be amended to substitute the title President for the title Senior Vice President, Marketing and Sales of the Company as it appears in the first sentence therein.
2. Paragraph 3 of the Agreement shall be amended to substitute the dollar amount $285,000 for the dollar amount $220,000 as it appears in the second sentence therein.
3. Paragraph 4 of the Agreement shall be amended to substitute the percentage 40% for the percentage 35% as it appears in the first sentence therein.
IN WITNESS WHEREOF, the Company has caused this instrument to be executed by its duly authorized officer this 4th day of January, 2013.
COBRA ELECTRONICS CORPORATION | ||
By: | /s/ James Bazet | |
Name: | James Bazet | |
Title: | Chairman and Chief Executive Officer | |
Date: | January 4, 2013 |