iBasis iBasis, Inc. 20 Second Avenue, Burlington, MA 01803 USA Confidential ###-###-####, FAX ###-###-####, ibasis.net July 10, 2002
Exhibit 10.75
| iBasis |
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| |
iBasis, Inc. |
| 20 Second Avenue, Burlington, MA 01803 USA |
| Confidential |
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| 781 ###-###-####, FAX ###-###-####, ibasis.net |
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July 10, 2002
Dan Powdermaker
Re: Double Jeopardy
Dear Dan:
In the event that iBasis, Inc. (Company) terminates your employment without cause or you terminate your employment for good reason, in either case within six months after the occurrence of an acquisition or change in control, then the Company will continue to pay your base salary and provide health benefits for nine months and your options and restricted stock, if any, shall immediately vest and become exercisable, and each option shall remain exercisable until the expiration of the option or until it sooner terminates in accordance with its terms.
Sincerely, | |
| /s/ Gordon VanderBrug |
| Gordon VanderBrug |
| Executive Vice President |
cc: Tamah Rosker, Esq.