Exhibit
10.7


 


AMENDMENT #1 TO EMPLOYMENT
AGREEMENT


 


Ron Doornink


 


This
Amendment #2 to Employment Agreement (this “Amendment #1”)
is entered into on June 9, 2009, by and between Ron Doornink (“You or Employee”) and Activision Publishing, 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 July 8, 2008,
as amended (the “Agreement”).


 


The
original Expiration Date of the Agreement as set forth therein is June 30,
2009.


 


For
consideration described below, the sufficiency and adequacy of which is hereby
acknowledged, Employer and Employee desire to extend the Expiration Date of the
Agreement and otherwise amend the Agreement  in certain respects as set forth herein below.


 


All
capitalized terms set forth in the Agreement shall retain the meaning ascribed
to them therein except that the term “Activision” throughout the Agreement
shall mean Activision Blizzard, Inc. a Delaware corporation and a company
that owns 100% ownership of Employer (“Activision-Blizzard)


 


AGREEMENT:


 


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


 


Term:  The
parties acknowledge that the Agreement shall be automatically extended by a
term of one (1) year as set forth in Paragraph 1(a).  Accordingly, the Agreement shall end on June 30,
2011.


 


Compensation:  Your
Base Salary shall remain $250,000.


 


In addition, subject to the approval of
the Compensation Committee, you will also receive a new restricted stock grant
(the “New Grant”) of 10,000 shares
of Activision-Blizzard’s common stock (the “New Restricted Shares”), which
Restricted Shares will vest ratably every three months over the one year period
from the date of the grants, subject to your remaining employed through each
vesting date, and will settle during the calendar year in which vesting occurs.
Employee acknowledges that the grant of the New Restricted Shares is expressly
conditioned upon approval by the Compensation Committee, and that the
Compensation Committee has discretion to approve or disapprove the grant of the
New Restricted Shares and/or to determine and make modifications to the terms
of the New Restricted Shares.  The New
Restricted Shares shall be subject to all terms of the equity incentive plan
pursuant to which it is granted and Activision Blizzard’s standard forms of
award agreement.


 


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Except
as specifically set forth in this Amendment #1, the 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
  Publishing, Inc.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  /s/
  Ronald Doornink

  	
   

  	
  /s/
  George L. Rose

  
	
  Ron
  Doornink

  	
   

  	
  Name:

  	
    George
  L. Rose

  
	
  Date:

  	
      5/25/09

  	
   

  	
  Title:

  	
    Chief
  Legal Officer

  
	
   

  	
   

  	
  Date:

  	
    6/9/09

  
					



 


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