EX-10.3 4 dex103.htm AUGUST 10, 2007 MEMORANDUM OF AMENDMENT TO EMPLOYMENT AGREEMENT, JAMES CLARK August 10, 2007 Memorandum of Amendment to Employment Agreement, James Clark

Exhibit 10.3

 

    Critical Path, Inc.
    Two Harrison Street
    Second Floor
    San Francisco, CA 94105

MEMORANDUM

 

Date:   August 10, 2007
To:   Jim Clark
From:   Michael Plumleigh, General Counsel and Secretary
Re:   Confirmation of Compensation Changes

On behalf of the Company and the Board of Directors, I am pleased to confirm the Compensation Committee’s approval of the following changes to your compensation in recent Committee meetings:

On April 13, 2007, the Compensation Committee approved an increase in your base salary to $287,000.

On July 20, 2007, the Compensation Committee approved a further increase in your base salary to $310,000, retroactive to June 15, 2007, in connection with the promotion and appointment of Mark Palomba as Chief Executive Officer.

To the extent necessary, your Agreement is hereby deemed amended, effective as of the date hereof, consistent with the foregoing. All other provisions of your Agreement remain in full force and effect.

Please acknowledge the foregoing by signing the enclosed copy below and returning it to the Company. The original is for your records.

 

Acknowledged:

 

/s/ James A. Clark

James A. Clark

 

Dated: August 10, 2007