THE WALT DISNEY COMPANY Burbank, California 91521
Exhibit 10.3
THE ▇▇▇▇ DISNEY COMPANY
▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇
▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇
January 19, 2022
▇▇. ▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Senior Executive Vice President
and Chief Financial Officer
The ▇▇▇▇ Disney Company
▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇
▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇
Dear ▇▇. ▇▇▇▇▇▇▇▇:
Reference is made to the employment agreement (the "Agreement") dated as of July 1, 2015, as amended, between The ▇▇▇▇ Disney Company (the "Company") and you, wherein Company employed your services as Senior Executive Vice President and Chief Financial Officer.
1.Pursuant to Paragraph 8(c) of the Agreement, Company may assign the Agreement or all or any part of its rights thereunder from any Company entity to another Company entity, and in such event the Agreement shall inure to the benefit of such assignee.
2.Please be advised that Company hereby assigns the Agreement to Disney Financial Services Co., LLC, effective as of January 2, 2022 (the “Assignment Effective Date”).
3.Effective as of January 2, 2022, all references to "Company” in the Agreement and its subsequent amendments shall be deemed to be references to Disney Financial Services Co., LLC.
4.Following the Assignment Effective Date, your title shall continue to be Senior Executive Vice President and Chief Financial Officer, The ▇▇▇▇ Disney Company.
As so assigned, the Agreement continues in full force and effect.
| THE ▇▇▇▇ DISNEY COMPANY | |||||||||||
| By: | /s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇ | ||||||||||
| Senior Executive Vice President and | |||||||||||
| Chief Human Resources Officer | |||||||||||
| Date: | January 19, 2022 | ||||||||||
| The above-referenced assignment is hereby accepted. | ||||||||||||||
| DISNEY FINANCIAL SERVICES CO., LLC | ||||||||||||||
| By: | /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇ | |||||||||||||
| Vice President | ||||||||||||||
| Date: | January 19, 2022 | |||||||||||||