HD SUPPLY, INC. - FORM 10-K - EX-10.56 - LETTER OF CONTINUED EMPLOYMENT - April 13, 2010

Attached files

file filename
EX-10.6 - LETTER AGREEMENT - HD SUPPLY, INC.dex106.htm
EX-10.7 - NOTICE OF CONSENT - HD SUPPLY, INC.dex107.htm
EX-10.4 - AMEND. NO 3 TO CREDIT AGREEMENT - HD SUPPLY, INC.dex104.htm
EX-10.5 - CONSENT TO AMENDMENT TO CREDIT AGREEMENT - HD SUPPLY, INC.dex105.htm
EX-10.12 - LIMITED CONSENT AND AMENDMENT NO.3 TO ABL CREDIT AGREEMENT - HD SUPPLY, INC.dex1012.htm
EX-10.53 - LETTER OF EMPLOYMENT - HD SUPPLY, INC.dex1053.htm
EX-10.54 - FORM OF STOCK OPTION AGREEMENT - HD SUPPLY, INC.dex1054.htm
EX-32.2 - CERTIFICATION PURSUANT TO SECTION 906 - HD SUPPLY, INC.dex322.htm
EX-21.1 - SUBSIDIARIES OF THE REGISTRANT - HD SUPPLY, INC.dex211.htm
EX-31.2 - CERTIFICATION PURSUANT TO RULE 13A-14(A) - HD SUPPLY, INC.dex312.htm
EX-31.1 - CERTIFICATION PURSUANT TO RULE 13A-14(A) - HD SUPPLY, INC.dex311.htm
EX-23.1 - CONSENT OF KPMG LLP - HD SUPPLY, INC.dex231.htm
EX-10.57 - LETTER OF CONTINUED EMPLOYMENT - HD SUPPLY, INC.dex1057.htm
EX-10.55 - LETTER OF CONTINUED EMPLOYMENT - HD SUPPLY, INC.dex1055.htm
EX-32.1 - CERTIFICATION PURSUANT TO SECTION 906 - HD SUPPLY, INC.dex321.htm
10-K - FORM 10-K - HD SUPPLY, INC.d10k.htm
EX-12.1 - COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - HD SUPPLY, INC.dex121.htm

EXHIBIT 10.56

Pro Acquisition Corporation

c/o HD Supply, Inc.

3100 Cumberland Blvd., Suite 1700

Atlanta, GA 30330

 

 

August 10, 2007

 

Richard R. Fiechter

2455 Paces Ferry Road

Atlanta, Georgia 30339

 

  Re: Continued Employment with HD Supply, Inc. (Re-executed copy of original)

Dear Rich:

Reference is made to your letter agreement, dated as of June 5, 2007, with HD Supply, Inc., The Home Depot, Inc. and Home Depot U.S.A., Inc.

As you know, Pro Acquisition Corporation has entered into an agreement to acquire HD Supply, Inc., from The Home Depot, Inc. This letter confirms that, upon and subject to the closing of the acquisition, your employment as an at-will employee will continue on the same terms as those in effect prior to closing. Specifically, after closing (i) your base salary and target annual cash bonus opportunity will be not less than before closing, (ii) your principal place of employment will remain in the same metropolitan area, and (iii) you will report directly to Joe DeAngelo, HD Supply’s Chief Executive Officer.

In addition, upon and subject to the closing of the acquisition, you will be covered by a severance arrangement that provides a benefit of at least 12 months’ base salary continuation (at a rate not lower than your base salary on June 5, 2007).

We appreciate your service to HD Supply, and look forward to working with you in the future.

Very truly yours,

/s/ David A. Novak

Dave A. Novak

Co-President

HD SUPPLY, INC. Reports