Change of Control Stock Option Acceleration Letter Agreement (Weideman)

Contract Categories: Human Resources › Change of Control Agreements
Summary

This letter agreement between Robert Weideman and the Company, signed by President & COO Mike K. Tivnan, confirms that if the Company experiences a change of control and Mr. Weideman's employment is terminated without cause within six months of that event, all of his unvested stock options—both previously granted and future grants—will immediately become fully vested. This provides Mr. Weideman with additional protection for his equity in the Company in the event of such a change.

Read More Arrow
EX-10.2 5 b46567ssexv10w2.txt LETTER, DATED SEPTEMBER 26, 2002 (WEIDEMAN) Exhibit 10.2 September 26, 2002 Robert Weideman Dear Robert: 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/ Mike K. Tivnan Mike K. Tivnan President & COO Cc: Dawn Fournier