Transition Agreement, by and between Snap Inc. and Tim Stone, dated February 5, 2019

Contract Categories: Human Resources - Transition Agreements
EX-10.26 5 snap-ex1026_937.htm EX-10.26 snap-ex1026_937.htm


Exhibit 10.26



February 5, 2019


Tim Stone


Via Email


Re: Transition Agreement



This letter outlines the terms of your voluntary resignation from Snap Inc. (“Snap”).



Your last day at Snap will be today.



Following your execution of our standard separation agreement, including a release, and expiration of any required rescission period, Snap will:


waive your obligation to reimburse Snap for your relocation expenses, which you would otherwise be responsible for reimbursing; and


accelerate the vesting of any unvested equity awards already granted to you, that vest pursuant to a monthly schedule, that are scheduled to vest through February 15, 2019.



You confirm that this transition is not related to any disagreement with Snap on any matter relating to Snap’s accounting, strategy, management, operations, policies, regulatory matters, or practices (financial or otherwise).

If this agreement is acceptable to you, please sign below and return the original to Snap.



/s/ Mike O’Sullivan



Mike O’Sullivan, General Counsel




Accepted and agreed:


/s/ Tim Stone



Tim Stone




February 5, 2019