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EXHIBIT 10.16
PERSONAL & CONFIDENTIAL
May 29, 2001
▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
▇▇▇▇▇▇▇, Inc.
▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇
▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
Dear ▇▇▇▇:
Provant, Inc., a Delaware corporation (the "Company"), is pleased to
agree with you to amend the Employment Agreement dated October 8, 1999 by and
between the Company and you (the "Employment Agreement") as follows:
1. The term of the Employment Agreement set forth in Section 2 thereof
shall be extended to, and shall expire on, May 1, 2004.
2. In addition, Sections 3(a) and (b) of the Employment Agreement
shall be amended as follows:
(a) All references to "President and Chief Operating Officer" shall be
deleted and shall be replaced by "President and Chief Executive
Officer"; and
(b) Instead of reporting to the Company's Chief Executive Officer and
Board of Directors, you shall report solely to the Company's Board
of Directors.
In the event of any conflict between the Employment Agreement and this
letter agreement, this letter agreement shall control. Except as expressly
amended hereby, the Employment Agreement shall remain unmodified and in full
force and effect.
If the foregoing meets with your approval, please so indicate by signing
both copies of this letter and returning one to us.
Very truly yours,
PROVANT, INC.
By: /s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇
▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇
Executive Vice President and
Chief Financial Officer
Agreed to and accepted this 30th day of May 2001:
/s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇