Exhibit 10.4
March 17, 2011
Mr. Thomas O. Staggs
Chairman
Walt Disney Parks and Resorts Worldwide
500 South Buena Vista Street
Burbank, California 91521
| RE: | Amendment to that certain Amended and Restated Employment Agreement Between The Walt Disney Companyand Thomas O. Staggs dated as of December 18, 2008, as amended and assigned to Walt Disney Parks and ResortsWorldwide on January 7, 2010 (the “Agreement”) |
Dear Mr. Staggs:
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,
WALT DISNEY PARKS AND RESORTS WORLDWIDE | ||
| By: | /s/ Marsha L. Reed | |
| Title: | Vice President | |
| Date: | March 17, 2011 | |
| ACCEPTED AND AGREED TO: | ||
| /s/ Thomas O. Staggs | ||
| Thomas O. Staggs | ||
Date: | March 17, 2011 | |
