Exhibit 10.02

 

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June 1, 2005

 

 

SUBRAMANIAN SUNDARESH

 

Dear Sundi:

 

On behalf of the Board of Directors, I am pleased to offer you the position of
President effective May 26, 2005.  You will be responsible for the company
day-to-day operational decisions including sales, marketing, engineering,
operations, and manufacturing.  We will jointly determine Adaptec’s strategy.

 

I look forward to our partnership in returning Adaptec to being a successful and
profitable business.  Your new base rate of pay will be $375,000 per year and
your Adaptec Incentive Plan (AIP) will be targeted at 75%.

 

Please sign this letter, indicating acceptance of this offer.  I wish you
continued success in your career at Adaptec.

 

Sincerely,

 

/s/ D. Scott Mercer

 

 

D. Scott Mercer

Interim Chief Executive Officer

 

 

Accepted:

/s/ Subramanian Sundaresh

 

6/01/05

 

 

Employee Signature

 

Date

 

 

INIT:

 

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