Change of Control Stock Option Acceleration Letter Agreement (Jeanne McCann and Company, 2/17/2003)
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Summary
This letter agreement between Jeanne McCann and the Company, signed by CEO Paul A. Ricci, confirms that if the Company experiences a change of control and Jeanne's employment is terminated without cause within six months of that event, all of her unvested stock options—both previously granted and future grants—will immediately become fully vested. This provides Jeanne with additional protection for her equity in the Company in the event of such a change.
EX-10.1 4 b46567ssexv10w1.txt LETTER, DATED 2/17/2003 (MCCANN) Exhibit 10.1 February 17, 2003 Jeanne McCann Dear Jeanne: This letter is to confirm that for any previously issued options and for all options issued in the future, you will now have protection of your equity in the Company such that in the event that the Company undergoes a change of control and your employment is terminated without cause within 6 months of this transaction, all of your unvested outstanding stock options will become fully vested as of the effective date of the termination of your employment. Thank you again for your continued contribution to the Company and we look forward to continued success together. Sincerely, /s/ Paul A. Ricci Paul A. Ricci CEO and Chairman of the Board