Letter Agreement Extending Interim CFO Employment – Extreme Networks, Inc. and James Judson (March 9, 2012)

Contract Categories: Human Resources › Employment Agreements
Summary

Extreme Networks, Inc. and James Judson agree to extend Judson's role as Interim Vice President and Chief Financial Officer through May 31, 2012. The agreement allows either party to terminate employment with five days' written notice. Judson will receive a prorated bonus under the company's FY 2012 Executive Bonus Plan, based on the company's financial performance and the duration of his employment during the fiscal year. All other terms from the original offer letter remain unchanged.

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EX-10.1 2 extr8k031212ex101.htm LETTER AGREEMENT, DATED MARCH 9, 2012, BETWEEN EXTREME NETWORKS, INC. AND JAMES JUDSON. EXTR 8K 031212 EX 10.1



March 9, 2012

Jim Judson

Dear Jim:
We are pleased to continue your position with Extreme Networks (the “Company”) as Interim Vice President, Chief Financial Officer (“Interim CFO”), through May 31, 2012.

The terms of your original offer letter remain unchanged, except as modified below.

•
Either party may terminate the employment with five (5) days prior written notice.
•
You shall be entitled to a prorated bonus payment under the FY 2012 Executive Bonus Plan (the “Plan”) in the amount actually earned pursuant to the terms of the Plan based on the Company's financial performance during FY 2012. Any payment will be made in August 2012 in accordance to the terms of the Plan, notwithstanding your employment status with the Company at that time. The amount will be prorated based on the number of months you worked for the Company during FY 2012.

Sincerely,
 
 
EXTREME NETWORKS INC.



Diane Honda
Vice President
General Counsel & Secretary
 


I agree to extend employment with Extreme Networks, Inc. on the terms set forth in above.
 
 
 
 
 
 
 
 
 
  
 
Jim Judson
 
 
  
Date