AvantGo Inc. Contracts
Sample Business Contracts
Employment Agreement [Supplement] - AvantGo Inc. and Paul Kanneman
Employment Forms
- Employers can customize an employment agreement that states the salary, benefits, working hours and other important provisions for their new or existing employee.
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- Employers who compensate their sales employees based on commissions can prepare an agreement to reduce misunderstandings by specifying the base salary and how commissions are calculated.
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OFFER LETTER
and
CHANGE OF CONTROL AGREEMENT
SUPPLEMENT
This is to clarify some aspects of the Offer Letter to Paul Kanneman dated July
12, 2001, and the Change of Control Agreement dated August 1, 2001.
1. The term "restricted stock" as used in the Offer Letter means the stock
cannot be sold by Paul for 12 months from the date of grant.
2. The "graduated bonus schedule" referenced in section 4 of the Offer Letter is
attached hereto as Schedule A.
3. The last sentence of section 2(a)(ii) to the Change of Control Agreement
states:
"In addition, if the Employee's employment is terminated as a result of
an Involuntary Termination other than for Cause, the Employee shall be
entitled to receive six (6) months base salary at current rate of pay,
the last quarter's performance bonus amount, and payment of COBRA
insurance coverage for the six (6) month severance term."
The phrase "the last quarter's performance bonus amount" is
intended to mean that if Paul is terminated during his first
year of employment, he would not receive the Guaranteed Bonus
for any calendar quarter in which he is no longer employed
with AvantGo. If Paul is terminated after 12 full months of
employment with AvantGo, this sentence would effectively be
interpreted to read:
"In addition, if the Employee's employment is terminated as a result of
an Involuntary Termination other than for Cause, the Employee shall be
entitled to receive six (6) months base salary at current rate of pay
and payment of COBRA insurance coverage for the six (6) month severance
term."
AVANTGO, INC. PAUL KANNEMAN
/s/ Evelyn Hogan Jackson /s/ Paul Kanneman
------------------------ -----------------
Signature Signature
Evelyn Hogan-Jackson
Name (Print or Type)
Vice President Human Resources
Title