CURRENT ASSETS
EX-10.60 2 f13394exv10w60.htm EXHIBIT 10.60 exv10w60
Exhibit 10.60
ASYST TECHNOLOGIES, INC.
EMPLOYMENT DOCUMENT
EMPLOYEE: | Alan Lowe | |
POSITION: | SVP, Global Business Solutions | |
START DATE: | August 29, 2005 | |
BASE SALARY: | $300,000 annual rate | |
STOCK: | ||
Options | 220,000 shares (one-third vesting each anniversary of award date) | |
Restricted Stock | 30,000 shares (one-third vesting each anniversary of award date) | |
| 10,000 shares (100%, 50% or 0% of shares vesting on 3rd anniversary of award date, based on relative market cap performance) | ||
| All option and stock awards subject to board approval, continued employment in good standing, terms and conditions of employment and issuing stock plans, and other requirements | ||
FY 2006 MBO TARGET: | 75% of Base Salary (not be prorated for current fiscal year); minimum payment of $150,000 for FY 06 (subject to plan requirements for participation/eligibility/payment timing). | |
OTHER: | “At will employment,” terminable by either party, at any time, for any reason, with or without cause; change-of-control and indemnification agreements to be offered; all terms, conditions, and policies of continuous and regular employment apply. | |
| This Employment Document is subject specifically to all terms and conditions set forth in the Reference Documents. |
| /s/ Steve Schwartz | /s/ Donna Hamlin | |
| Steve Schwartz Chairman & CEO | Donna Hamlin VP, Human Resources |
AGREED AND ACCEPTED:
| /s/ Alan S. Lowe | August 29, 2005 | |
| Alan Lowe | Date |
Reference Documents: Letter Dated August 26, 2005 ; Proprietary Information Agreement; Agreement to Arbitrate Disputes and Claims; Code of Business Conduct
