Summary of Executive Employment Agreements and Severance Terms (September 30, 2004)
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Summary
This document summarizes the key terms of executive employment agreements for several senior officers, including the CEO, EVPs, President, and SVPs, as of September 30, 2004. It outlines the length of severance periods for each executive in the event of termination or a change of control, ranging from 12 to 21 months. All executives are subject to an 18-month non-compete period after termination and a 24-month non-compete period after a change of control.
EX-10.1 2 c89370exv10w1.htm SCHEDULE OF PARTIES TO EXECUTIVE EMPLOYMENT AGREEMENT exv10w1
EXHIBIT 10.1
Summary of Employment Agreements
September 30, 2004
| Length of Severance Period | ||||||||||||
| Employee | Title | Termination | Change of Control | |||||||||
Bahram Akradi | CEO | NA | NA | |||||||||
Mike Gerend | EVP | 18 mos. | 21 mos | |||||||||
Mike Robinson | EVP | 18 mos. | 21 mos | |||||||||
Steve Rowland | Pres | 18 mos. | 21 mos | |||||||||
Mike Brown | SVP | 18 mos. | 12 mos. | |||||||||
Eric Buss | SVP | 18 mos. | 12 mos. | |||||||||
Mark Zaebst | SVP | 18 mos. | 12 mos. | |||||||||
Jeff Zwiefel | SVP | 18 mos. | 12 mos. | |||||||||
Non-compete term of 18 months across all employees in the event of a “Termination” situation and 24 months across all employees in the event of a “Change of Control” situation.
