Confirmation Letter Regarding Severance, Non-Compete Release, and Bonus for Anthony G. Nuzzo from Engage

Summary

This letter from Frank B. Campanella to Anthony G. Nuzzo confirms the outcomes of an Engage Compensation Committee meeting. It states that Mr. Nuzzo is eligible for severance payments as per his hiring agreement, is released from non-compete agreements effective upon his severance, and will receive a pro-rated quarterly bonus up to his severance date. The letter also notes that the issue of indemnification was unresolved at the meeting but has since been addressed. The letter serves as a formal summary of these key employment terms.

EX-10.2 7 b41354ex10-2.txt LETTER FROM FRANK CAMPANELLA DTD. 9/10/01 EXHIBIT 10.2 Frank B. Campanella 21 Alcott Road Concord, Mass. 01742 Anthony G. Nuzzo September 10, 2001 ENGAGE 100 Brickstone Square Andover, MA 01801 Dear Tony, In response to your request, I am pleased to confirm our telephone conversation of August 14 about the results of the Engage Compensation Committee meeting on August 13. In attendance were committee members Ed Bennett, David Wetherell and myself. David was joined by Bill Williams. We decided that: You are eligible for severance payments in accordance with your hiring agreement. You are released from non-compete agreements, signed on joining Engage, effective on the date of your severance from Engage. You are entitled to the quarterly bonus pro-rated in time through the date of your severance from Engage. No conclusion was reached on the matter of indemnification for you. This issue, as you know, has subsequently resolved. Tony, I believe this summarizes our conversation. Please call, if you have any questions. Sincerely, /s/ Frank B. Campanella Frank B. Campanella cc: Ed Bennett David Wetherell Mike Krebs