Exhibit 10.98

 

[g58832lli001.jpg]

 

Amendment #1 to Employment Agreement
To Comply with the Provisions of Section 409A of the Internal Revenue Code

 

Bruce L. Hack

 

This Amendment #1 to Employment Agreement (this “Amendment #1”) is entered into
as of December 15, 2008, by and between Bruce L. Hack (“Employee”) and
Activision Blizzard, Inc. (“Employer”).  All capitalized terms shall have the
same meaning set forth in the Employment Agreement (as defined below).

 

RECITALS:

 

Employee and Employer entered into an Employment Agreement dated as of
December 1, 2007 (the “Employment Agreement”).

 

Employee and Employer desire to amend the Employment Agreement in certain
respects as set forth herein in order to comply with the provisions of
Section 409A of the Internal Revenue Code of 1986, as amended.

 

AGREEMENT:

 

The parties hereby agree to amend the terms of the Employment Agreement as
follows:

 

1.                                 Disability.  The Employment Agreement is
hereby amended to add a sentence to the end of Section 4(d) to read as follows: 
With respect to the payment to you of your Base Salary during the 180-day period
following the start of your Disability absence referenced in Paragraph 4(a) of
this Agreement, payment of such Base Salary continuation shall commence upon
your Disability as defined in Section 409A of the Code.

 

Except as specifically set forth in this Amendment #1, the Employment Agreement
shall remain unmodified and in full force and effect.  If any term or provision
of the Employment Agreement is contradictory to, or inconsistent with, any term
or provision of this Amendment #1, then the terms and provisions of this
Amendment #1 shall in all events control.

 

 

AGREED AND ACCEPTED:

 

 

 

 

 

Employee:

 

Employer:

 

 

 

 

 

Activision Blizzard, Inc.

 

 

 

 

 

 

/s/ Bruce Hack

 

By:

/s/ George L. Rose

 

 

 

Bruce L. Hack

 

Name:

George L. Rose

Date:

12.02.08

 

Title:

Chief Legal Officer

 

 

Date:

12.12.08

 

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