Amendment to Employment Agreement between Sarcos Corp. and Kristi Martindale (May 2023)
Sarcos Corp. and Kristi Martindale have agreed to amend their original Employment Agreement dated September 24, 2021. The amendment changes the definition of "Good Reason" for resignation, specifying that Kristi must provide written notice of the issue within 120 days, allow a 30-day period for the company to address the issue, and, if unresolved, resign within 30 days after that period. Both parties have signed to confirm their agreement to this change.
Sarcos Technology and Robotics Corporation
650 S 500 W, Salt Lake City, UT 84101
Exhibit 10.3
To: Kristi Martindale
3224 Dove Hollow Road
Encinitas, CA 92024
May 15, 2023
Dear Kristi,
We write to amend the Employment Agreement entered into as of September 24, 2021 by and between Sarcos, Corp. and you (the “Agreement”), as follows:
The definition of “Good Reason” in Section 9(i) of the Agreement is hereby amended to replace the last sentence thereof with the following sentence:
“In order for the termination to be for Good Reason, Executive must not terminate Executive’s employment with the Company without first providing written notice to the Company of the acts or omissions constituting the grounds for “Good Reason” within 120 days of the initial existence of the grounds for “Good Reason” and a cure period of 30 days following the date of written notice (the “Cure Period”), the grounds must not have been cured during that time, and Executive must terminate Executive’s employment within 30 days following the Cure Period.”
Please indicate your acknowledgement of and agreement to the amendment to the Agreement as set forth herein by signing in the space indicated below.
SARCOS CORP.
By: /s/ Stephen Sonne
Stephen Sonne, Chief Legal Officer
Sarcos Technology and Robotics Corp.
Acknowledged and agreed.
/s/ Kristi Martindale
Kristi Martindale
Date: May 15, 2023
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