Bonus Payment Agreement Related to Stock Option Exercise between GlobalSCAPE, Inc. and Sandra Poole-Christal
This agreement is between GlobalSCAPE, Inc. and Sandra Poole-Christal. It states that for each company share issued to Ms. Poole-Christal under a previously granted stock option, GlobalSCAPE will pay her a bonus of $0.0868 per share, plus an additional amount to cover certain tax liabilities. The agreement is part of a broader release and indemnity arrangement executed on April 20, 2001, and relates to a stock option originally granted in 1998.
EXHIBIT 10.19
April 20, 2001
Sandra Poole-Christal
107 Talavera #715
San Antonio, Texas 78232
Dear Sandy:
On January 1, 1998 you and GlobalSCAPE, Inc. (“GlobalSCAPE”) signed a letter under which GlobalSCAPE granted you an option to purchase 291,429 shares of GlobalSCAPE for $0.10 (ten cents) per share with the Option vesting over a three year period beginning January 1, 1998 (the “First Option”).
Effective April 20, 2001, you and GlobalSCAPE executed a Release and Indemnity Agreement (the “Release”) in connection with the First Option and other matters. As part of the Consideration, as that term is defined in the Release, GlobalSCAPE agrees as follows:
For each share issued by GlobalSCAPE pursuant to the First Option, GlobalSCAPE shall pay you a bonus of $0.0868 per share plus a gross-up percentage per share of $0.0868 times the lower of 38% or the highest percentage tax bracket applicable to your income.
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| Sincerely, | |
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| /s/ Tim Nicolaou |
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| Tim Nicolaou | |
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| Chief Executive Officer | |
