Amendment to Change in Control Arrangements with Executive Officers (Rohin Malhotra and Adam Pliska)
This amendment increases the severance payments for executive officers Rohin Malhotra and Adam Pliska if the company's assets are sold to certain buyers in 2009. Previously, they would receive six months of severance if terminated without cause. Under the new terms, if the sale to one of the specified buyers, including Gamynia Limited, is completed in 2009, each officer will receive 18 months of severance if their employment is terminated without cause.
Exhibit 10.2
AMENDMENT TO CHANGE IN CONTROL ARRANGEMENTS WITH CERTAIN NAMED EXECUTIVE OFFICERS
The Company’s Board of Directors authorized an increase in the change in control payments to two executive officers if a sale of the Company’s assets to two specific potential buyers closed in 2009. Previously, these two officers were to receive six months severance if their employment was terminated without cause. Under the new change in control arrangements, Mr. Rohin Malhotra and Mr. Adam Pliska will each receive 18 months of severance if a sale of the Company’s assets to two specific potential buyers closes in 2009. Gamynia Limited is one of the two specific potential buyers.
