Exhibit 10.3
March 17, 2011
Mr. Alan N. Braverman
Senior Executive Vice President, General Counsel and Secretary
The Walt Disney Company
500 South Buena Vista Street
Burbank, California 91521
| RE: | Amendment to that certain Employment Agreement dated as of |
| October 1, 2008 by and between The Walt Disney Company and |
| Alan N. Braverman (the “Agreement”) |
Dear Mr. Braverman:
This letter agreement will confirm that Paragraph 7 of the Agreement is hereby deleted in its entirety (together with all references thereto in the Agreement) and shall be of no further force or effect, effective as of the date hereof.
As amended hereby, the Agreement shall continue in full force and effect in accordance with its terms.
If the foregoing accurately reflects your understanding of our mutual agreement, please so indicate in the space provided below and return an executed copy hereof to us at your earliest convenience.
Very truly yours,
THE WALT DISNEY COMPANY | ||
| By: | /s/ M. Jayne Parker | |
| Title: | EVP, Chief HR Officer | |
| Date: | 3/17/2011 | |
| ACCEPTED AND AGREED TO: | ||
| /s/ Alan N. Braverman | ||
| Alan N. Braverman | ||
Date: | 3/17/2011 | |
