Office Depot 2011 Annual Report Download - page 184

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Exhibit 10.39
AMENDMENT TO OFFER LETTER
Effective December 31, 2008
Office Depot, Inc., a Delaware corporation (“Company”), set out the terms of its offer of employment to the executive named
below (“Executive”) pursuant to a letter with the date specified below (“Offer Letter”). The Company and the Executive desire to
amend the severance provisions of the Offer Letter (“Amendment”) in order to evidence documentary compliance with Section 409A
of the Internal Revenue Code of 1986, as amended, and the regulatory guidance thereunder, effective on the date specified above.
Executive: Elisa Garcia
Date of Offer Letter: May 15, 2007
In consideration of the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the parties hereto agree as follows:
1. With respect to any quoted language herein, which shall be inserted into your Offer Letter, the parties intend for said quoted
language to control to the extent that there is any conflict with the language in the original Offer Letter.
2. The temporary housing arrangement specified in the Offer Letter and all payments related to such temporary housing
arrangement were completed on or about August 15, 2007.
3. To the extent that your Offer Letter contains language regarding the execution of a release of claims and regarding the time
and form of payment of the severance benefits, the below language is hereby inserted in your Offer Letter in lieu of such references:
“The Company must deliver to you a customary release agreement (the “Release”) within seven days following the date of your
employment termination. As a condition to receipt of the severance benefits specified in this section, you must (i) sign the Release
and return the signed Release to the Company within the time period prescribed in the Release (which will not be more than 45 days
after the Company delivers the Release to you), and (ii) not revoke the Release within any seven-day revocation period that applies to
you under the Age Discrimination in Employment Act of 1967, as amended; the total period of time described in (i) and (ii) above is
the “Release Period.” The Company will pay the severance benefits specified in this section to you in a lump sum within 15 days
following the expiration of the Release Period. In the event you decline or fail for any reason to timely execute and deliver the
Release or
y
ou revoke the Release, then
y
ou will not be entitled to the severance benefits s
p
ecified in this section.”