Change of Control Agreement between Apex Silver Mines Limited and Deborah Friedman
This agreement is between Apex Silver Mines Limited and Deborah Friedman, the company's Senior Vice President and General Counsel. It outlines the terms that apply if there is a change in control of the company, including compensation and benefits for Ms. Friedman. Specifically, if certain conditions are met, she is entitled to a salary and bonus equal to two times her annual amount, and continued benefits for twenty-four months. The agreement is based on a previously filed standard form and is effective as of July 10.
Exhibit 10.2
Change of Control Agreement
The Change of Control Agreement dated July 10 between Apex Silver Mines Limited and Deborah. Friedman, Senior Vice President and General Counsel of the Company, is in the form of the Change of Control Agreement previously filed with the Company’s Form 10-Q for the quarter ended September 30, 2006 which is incorporated by reference hereto. The salary and bonus multiple for the purpose of Section 4(iii)(B) of Ms. Friedman’s agreement is two. The benefit period for the purpose of Sections 4(iv) and (v) of Ms. Friedman’s agreement is twenty-four months.
