Exhibit 10.47.2
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ADDRESS REPLY TO |
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MUHTAR KENT |
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P.O. BOX 1734 |
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PRESIDENT AND
CHIEF EXECUTIVE OFFICER |
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ATLANTA, GEORIGIA 30301 |
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404 676-4082 |
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FAX: 404 676-7721 |
December 15, 2008
Mr. Joseph Tripodi
Atlanta, Georgia
Dear Joe:
This letter revises the relocation provisions set forth on page 3 of the letter provided to you on July 20, 2007. In order to complete your relocation to Atlanta, the Company will provide additional support for your move. Specifically, the Company will reimburse you for the loss on the sale of your primary residence, up to an actual loss incurred of up to $900,000, plus duplicative living expenses incurred. You will also be reimbursed for taxes on this payment. However, the total amount reimbursed will be reduced by the full $500,000 amount of the cash hiring bonus referenced on page 2 of your July 20, 2007 letter. In addition, you will not be eligible for the balance remaining ($200,000) of the $300,000 for extraordinary expenses referenced in your July 20, 2007 letter.
Should you voluntarily resign your employment with the Company or be terminated by the Company as a result of a violation of the Company’s Code of Business Conduct or any other policy of the Company or gross misconduct within 24 months of the date of the payment, you will be required to reimburse the Company the entire amount of the payment.
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Regards, |
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/s/ Muhtar Kent |
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cc: Ginny Sutton, Executive Compensation