Amtech Systems, Inc. Employment Agreement with Robert T. Hass as CFO
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Summary
Amtech Systems, Inc. offers Robert T. Hass the position of Vice President, CFO, Treasurer, and Secretary, with an annual base salary of $225,000 (retroactive to August 3, 2016), a $7,000 annual car allowance, stock options, participation in the executive bonus program, and standard employee benefits. The agreement includes a severance provision if terminated without cause and participation in a Change of Control and Severance Agreement. Mr. Hass accepts these terms by signing the letter.
EX-10.2 3 asys10-2.htm EXHIBIT 10.2 Exhibit
Amtech Systems, Inc.
131 South Clark Drive
Tempe, Arizona 85281
November 10, 2016
Robert T. Hass
9097 E. Palm Tree Drive
Scottsdale, Arizona 85255
Dear Robert,
Based upon your agreement to serve indefinitely as CFO, Amtech Systems, Inc. agrees to the terms of employment outlined below. Please review the terms and acknowledge your acceptance of them by signing this letter in the space provided below.
• | Title of Vice President - CFO, Treasurer and Secretary. |
• | Annual base salary of $225,000, retroactive to August 3, 2016. |
• | Annual automobile allowance of $7,000. |
• | Option to purchase 10,000 shares of common stock of the Company to vest in equal, annual amounts over four years. |
• | Participation in executive bonus program. |
• | Change of Control and Severance Agreement with the same terms and conditions as the same agreement that terminated on June 30, 2013, except that if you are involuntarily terminated without cause under conditions where the Change of Control provisions do not apply, severance will be equal to the greater of one year of your base salary, or $225,000. |
• | Participation in the all of the Company’s employee benefits, including (without limitation) healthcare, 401-K, sick leave, holidays, and vacation. |
We look forward to your continuance in this important role.
Sincerely,
/s/ Fokko Pentinga | ||
Fokko Pentinga, President and CEO
Acknowledgement:
By my signature below, I acknowledge that I have read this letter agreement and agree to its terms.
/s/ Robert T. Hass | ||
Robert T. Hass | ||
Date: | November 10, 2016 | |
