Attached files
| file | filename |
|---|---|
| 10-Q - PC GROUP, INC. | v183230_10q.htm |
| EX-31.2 - PC GROUP, INC. | v183230_ex31-2.htm |
| EX-10.1 - PC GROUP, INC. | v183230_ex10-1.htm |
| EX-31.1 - PC GROUP, INC. | v183230_ex31-1.htm |
| EX-32.1 - PC GROUP, INC. | v183230_ex32-1.htm |
| EX-32.2 - PC GROUP, INC. | v183230_ex32-2.htm |
PC
GROUP, INC.
419
Park Avenue South
New
York, NY 10016
May 5,
2010
Mr. W.
Gray Hudkins
President
and Chief Executive Officer
PC Group,
Inc.
419 Park
Avenue South
New York,
NY 10016
Re: Employment
Agreement
Dear
Gray:
In recognition of your agreement to
forego $200,000 of the $300,000 base compensation for fiscal year 2010 to which
you are entitled under your Employment Agreement, dated as of October 1, 2007
(the “Employment Agreement”), between you and PC Group, Inc. (the “Company”),
this letter confirms the Company’s agreement to waive for 2010 the requirement
of Section 2(a) of the Employment Agreement that you devote your “full business
time and energies to the business and affairs of the
Company”. Instead, during 2010, you agree to devote such business
time and energies to the business and affairs of the Company as the Company and
you shall agree upon, from time to time, as necessary and
appropriate. In all other respects, the Employment Agreement shall
remain in full force and effect. This letter is made and executed and
shall be governed by the laws of the State of New York, without regard to the
conflicts of laws principles thereof.
|
Sincerely,
|
|
|
PC
GROUP, INC.
|
|
|
By:
/s/ Kathleen
P.
Bloch
|
|
|
Kathleen
P. Bloch
|
|
|
Vice
President, Chief Operating Officer
and
Chief Financial Officer
|
|
|
AGREED
AND ACCEPTED:
|
|
|
By:
/s/ W.
Gray
Hudkins
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W.
Gray Hudkins
|
DATE: May
5, 2010