Form of Modification Agreement for Zoom Employees Severance Agreement dated January 27, 2009
EX-10.1 2 zoom101.htm FORM OF MODIFICATION AGREEMENT United State Securities and Exchange Commission Edgar Filing
EXHIBIT 10.1
Modification Agreement For Zoom Employee’s Severance Agreement
Zoom Technologies, Inc., Zoom Telephonics, Inc. (together, “Zoom”) and the undersigned employee hereby agree that no Zoom Technologies option granted from January 1, 2009 to December 31, 2009 is or will be subject to accelerated vesting notwithstanding the provisions of any prior agreement entered into between Zoom and the undersigned employee. This agreement applies to any options issued in 2009, no matter whether they’ve been issued prior to the date of this agreement or not. In no event will accelerated vesting occur for such options.
Agreed:
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| Frank Manning, Zoom’s CEO & President |
Employee Name (print) |
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Signature |
| Signature |
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Date |
| Date |
