Exhibit 10.1
Royal Caribbean Cruises Ltd.
1050 Caribbean Way | tel: 305.539.6000 |
Miami, Fl 33132.2096 USA | www.royalcaribbean.com |
December 19, 2008
Mr. Richard D. Fain
Chairman and Chief Executive Officer
Royal Caribbean Cruises Ltd.
Dear Mr. Fain
Reference is made to your employment agreement dated as of July 25, 2007. Commencing January 1, 2009, all future quarterly distribution of shares of the Company’s common stock required under Section 4(d) to be deposited in the rabbi trust will be issued instead directly to you. In addition, unless previously distributed to you pursuant to Section 4(d), the assets in the rabbi trust will be distributed to you on January 12, 2009. Except as amended by the foregoing, your employment agreement remains in full force and effect in accordance with its terms.
Sincerely
Royal Caribbean Cruises Ltd.
By: /s/ Bradley H. Stein |
Bradley H. Stein
Vice President, General Counsel
AGREED
/s/ Richard D. Fain
Richard D. Fain
December 19, 2008