Document:

ex102to8k06282_07102013.htm

Exhibit 10.2

 

GLOBALOPTIONS GROUP, INC.

 

415 Madison Avenue 17th Floor

 

New York, New York 10017

 

July 11, 2013

 

Harvey W. Schiller, Chairman & CEO

GlobalOptions Group, Inc.

415 Madison Avenue

17th Floor

New York, New York 10017

 

	
  

	
Re:

	
Your Employment Agreement dated January 29, 2004, as assigned by agreement dated June 27, 2005, and as amended on each of December 19, 2006, August 13, 2009, May 13, 2010, December 14, 2010, December 12, 2011, March 26, 2012 March 31, 2013 and July 11, 2013 (collectively the “Agreement,” and capitalized terms used herein without definitions have the meanings specified in the Agreement)

 

Dear Harvey:

 

This letter is to modify the Agreement, effective as of the date written above. Accordingly, the following modifications are made to the Agreement:

 

1.           Section 1 shall be amended and restated as follows as of the date hereof:

 

EMPLOYMENT TERM.  As of and immediately following the closing (the “Closing”) of a merger (the “Merger”) of a wholly-owned subsidiary of the Company with and into Walker Digital Holding, LLC, a Delaware limited liability company, the Company agrees to continue to employ you and you hereby agree to be employed as an employee of the Company with the title to be determined by the Executive Chairman of the Board of Directors (the “Board”) of the Company (to be appointed upon the Closing) and to serve as a member of the Board of Directors (the “Board”).  Immediately prior to Closing you shall resign all officer positions currently held with the Company, provided, however, you shall not resign as director of the Company.  Following the Closing, you shall report to the Executive Chairman of the Board (to be appointed upon the Closing) and shall have such responsibilities and perform such duties appropriate to such position as the Executive Chairman shall determine.  The parties agree to work in good faith to prepare and enter into a detailed transition agreement setting forth such responsibilities, including providing a seamless transition of the Company following the Merger, with respect to, among other things, financial and SEC matters, due diligence for potential future acquisitions and opportunities review, Sarbanes Oxley compliance, marketing and public relations support, investor relations and support, assistance with the Company’s year-end audit and knowledge of historical financial statements, assistance with public company capital raising and additional strategic support, including, access to contacts, relations, goodwill, advisory boards and business development.  The term of your continued employment with the Company shall be for an initial period of twelve (12) months (the “Term of Employment” or “Term”), commencing upon the Closing.  Following the initial Term, the parties may mutually agree to extend the Term for such additional term as the parties agree.  The Company agrees that immediately following the Closing to continue to provide you with compensation and benefits that, except as set forth herein, are substantially comparable in aggregate to what is currently received by you as provided elsewhere in this Agreement, provided, however, the parties agree to work in good faith to change the form of compensation from cash to stock-based compensation or some combination thereof, only upon a determination that such change is necessary provided, further, however, all current benefits provided to you as for which you are eligible other than (i) health insurance, life insurance, short- and long-term disability insurance, dental and vision insurance, (ii) the ability to invest in a 401k Plan, (iii) reimbursements for telephone and travel and entertainment expenses, and (iv) an office stipend of $5,000 per month in the aggregate with Mr. Jeffrey Nyweide, shall have been terminated and the benefits identified in clauses (i) through (iv) will be provided to you by an affiliate on behalf of the Company.

 

  

  

  

 

Notwithstanding anything contained in this Agreement to the contrary, the Employee hereby acknowledges and agrees that the sole compensation payable by the Company to the Employee in connection with, or as the result of, a Sale is the Shares, provided, however, Employee shall be entitled to the compensation and benefits contained in the immediately preceding paragraph.

 

2.           Except as hereby amended, the Agreement and all of its terms and conditions shall remain in full force and effect and are hereby confirmed and ratified. All references to the Agreement shall be deemed references to the Agreement as amended and clarified hereby.  This letter amendment shall be governed and construed under the laws of the State of New York.

 

  

  

  

 

Please sign below to acknowledge your agreement to and acceptance of this amendment to the Agreement.

 

	
Sincerely,

	  
	  
	

/s/ Jeffrey O. Nyweide

	
Jeffrey O. Nyweide

 

	
Agreed to:

	  	  
	  	  	  
	  	  	  
	  	  	  
	

/s/ Harvey Schiller

	  	  
	
Harvey Schiller

	  	  
	  	  	  
	
Date:

	
July 11, 2013ex103to8k06282_07102013.htm

Exhibit 10.3

 

GLOBALOPTIONS GROUP, INC.

415 Madison Avenue, 17th Floor

New York, New York 10017

 

July 11, 2013

 

Jeff Nyweide, CFO and E.V.P. Corp. Dev.

GlobalOptions Group, Inc.

415 Madison Avenue

17th Floor

New York, New York 10017

 

	
  

	
Re:

	
Your Employment Agreement dated July 30, 2007, as amended on each of August 13, 2009, May 13, 2010, December 10, 2010, March 26, 2012 and March 31, 2013 (collectively the “Agreement”; capitalized terms used herein without definitions have the meanings specified in the Agreement)

 

Dear Jeff:

 

This letter (the “Amendment”) is to modify and clarify the Agreement, effective as of the date written above.  Accordingly, the following modifications are made to this Agreement:

 

1.           Sections 2(b) and 2(c) shall be amended and restated as follows as of the date hereof:

 

“(b)           (i) In addition to the Base Salary and Benefits, as an inducement for the Employee to remain in the employ of the Company and subject to the Employee remaining in the employee of the Company at the time of issuance, the Company agrees to issue to the Employee from the Company’s Amended and Restated 2006 Long-Term Incentive Plan (or any other employee benefit plan (as defined in Rule 405 of Regulation C promulgated under the Securities Act of 1933, as amended) of the Company previously approved by the Company’s stockholders), immediately prior to the closing of an acquisition or merger with an operating company by the Company or its subsidiaries (a “Sale”), 83,334 shares of common stock, par value $0.001 per share (“Common Stock”)  (subject to adjustment pursuant to Sections 2(b)(iv) and (v) below) (the “Shares”). Notwithstanding the foregoing, in the event that Employee’s employment is terminated without Cause or Good Reason or as a result of his death or Disability and a Sale is consummated within nine months of the date of termination, the Company agrees to issue to the Employee the Shares as set forth above.

 

(ii)           The Employee, including his assignees and transferees, shall be entitled to piggyback registration rights with respect to the resale of the Shares.  The resale of such Shares shall be included on the Company’s first to be filed Form S-1, Form S-3 or Form S-8, as applicable, with the Securities and Exchange Commission (the “SEC”) following the issuance of the Shares, provided, however, if the resale of the Shares cannot be included on a Form S-8 at the time the Company files its next Form S-8, the Company shall not be required to include the resale of the Shares on such Form S-8 and the resale of such Shares shall be included on the Company’s next to be filed Form S-1 or Form S-3, as applicable, with the SEC.

 

  

  

  

 

(iii)           Employee may, subject to applicable laws, elect that the Company withhold 38,580 shares of Common Stock in order to satisfy the Employee’s applicable tax obligations arising from the issuance and the Company will pay the applicable taxes.

 

(iv)           If prior to the issuance of the Shares the Company shall pay a stock dividend or declare a stock split on or with respect to any of its Common Stock, or otherwise distribute securities of the Company to the holders of its Common Stock, the number of shares of stock or other securities of the Company to be issued with respect to the Shares shall be added to the Shares.  If the Company shall distribute to its stockholders securities of another corporation, the securities of such other corporation, distributed with respect to the Shares to be issued shall be added to the Shares.

 

(v)           If the outstanding shares of the Company’s Common Stock shall be subdivided into a greater number of shares or combined into a smaller number of shares, or in the event of a reclassification of the outstanding shares of the Company’s Common Stock, or if the Company shall be a party to a merger, consolidation or capital reorganization, there shall be substituted for the Shares to be issued such amount and kind of securities as are issued in such subdivision, combination, reclassification, merger, consolidation or capital reorganization in respect of the Shares to be issued.”

 

“(c)           The equity grant referred to in the second sentence of Section 2(b) in the Amendment dated March 26, 2012 remains outstanding in accordance with its terms.”

 

2.           Except as hereby amended, the Agreement and all of its terms and conditions shall remain in full force and effect and are hereby confirmed and ratified. All references to the Agreement shall be deemed references to the Agreement as amended and clarified hereby. This Amendment shall be governed and construed under the laws of the State of New York.

 

  

  

  

 

Please sign below to acknowledge your agreement to and acceptance of this Amendment to the Agreement.

 

	
Sincerely,

	  
	  
	  
	
/s/ Harvey Schiller

	
Harvey Schiller

	
Chairman and Chief Executive Officer

 

	
Agreed to:

	  	  
	  	  	  
	  	  	  
	/s/ Jeffrey O. Nyweide	  	  
	
Jeffrey O. Nyweide

	  	  
	
Date:

	
July 11, 2013

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