Amendment to Employment Agreement between General Magic, Inc. and Dr. Steve Markman (October 2000)

Summary

This letter agreement amends Dr. Steve Markman's Employment Agreement with General Magic, Inc., originally signed on September 15, 1996. The amendment changes the terms regarding termination without cause or resignation for good reason before September 19, 2002, specifically defining the "Additional Period" as two years. Both parties have agreed to these changes, as indicated by their signatures.

EX-10.2 4 f66883qex10-2.txt EXHIBIT 10.2 1 EXHIBIT 10.2 October 5, 2000 Dr. Steve Markman c/o General Magic, Inc. 420 North Mary Avenue Sunnyvale, California 94085 Dear Steve: This letter amends your Employment Agreement, signed by you on September 15, 1996. Specifically, Sections 5(b) and 5(b) (iii) are amended to now provide as follows: (b) Termination Without Cause Before September 19, 2002. Subject to Subparagraph 5(c), if your employment is terminated by the Company without cause (and not as a result of your death or disability), or you resign for Good Reason (as defined in subparagraph 5(d)), before September 19, 2002, then * * * (iii) For purposes of this Agreement, the "Additional Period" shall mean a period of two years. Steve, if these amendments are acceptable to you, please sign and date this letter where indicated below. Sincerely, GENERAL MAGIC, INC. By: /s/ Susan G. Swenson ---------------------- Director By: /s/ Philip D. Knell ---------------------- Director I agree to the above amendments to my Employment Agreement. DATED: October 17, 2000 /s/ Steven Markman ---------------------- Steve Markman