Document:

Form 8-K Quantum Corporation

EXHIBIT 10.1

May 26, 2005

Mr. Howard L. Matthews III

P.O. Box 435

Rancho Santa Fe, CA 92067

Dear Howard:

It is my pleasure to invite you to join the Quantum senior leadership team as Quantum President & COO and General Manager for the Quantum Storage Systems (“QSS”) business unit, reporting directly to me. This
position is an elected officer position. As we’ve agreed, your start date will be Wednesday June 1, 2005 or earlier if possible.

You will be compensated at a monthly rate of $29,167, annualized to $350,000 USD. 

You will also be eligible to participate in the Quantum Incentive Plan (“QIP”) for the period beginning April 1, 2005 through March 31, 2006, Quantum’s Fiscal Year 2006. Your target bonus in the QIP will be
70% of your annual base salary, although the actual amount will be determined as described in the plan based upon the following: the Board of Directors’ discretion; plan funding; and corporate, business unit and individual performance.  Additionally, per
our discussion, within your first 60 days of employment, you will be required to provide a written plan confirming the financial projections, plans and budget for the QSS business.

We will recommend to the Board of Directors that a total of 1,500,000 stock options and 100,000 shares of restricted stock be made available to you.  The price for the options will be set at the closing price of the stock
on the date of the Board of Directors’ approval.  Once the stock options have been approved and the Board has set the price, you will receive a package from Quantum’s Stock Administration Department.  You should receive the package within 60
days of your date of hire.  Please read the documents in the package carefully and return one signed copy of the complete Grant Agreement to Stock Administration. You will also be eligible to participate in the annual stock grant program which takes place as
part of our year end review process. The next review cycle is in June 2006.  Your eligibility for future stock grants will be based upon Board approval, budget, eligibility and individual performance.

Quantum will also provide to you an annual stipend in the amount of $25,000 USD to assist with commuting expenses. This bonus will be paid to you shortly after your employment and annually thereafter on your anniversary
date.

As a Quantum executive, you will be eligible to participate in Quantum’s Change of Control Program.  An agreement will be provided to you during your executive orientation.

Quantum’s flexible benefit program provides a full range of benefits for you and your qualified dependents. Additionally, you will be eligible to participate in Quantum’s Deferred Compensation Program and be
eligible to receive company-reimbursed financial planning services. A benefit overview packet will be mailed immediately upon your acceptance and you will receive a detailed review of our benefits program during your executive orientation.

Howard L. Matthews III

May 26, 2005

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Additionally, as previously discussed, in the event your employment is Involuntarily Terminated other than for cause (as defined in Quantum’s Change in Control Agreement), in a context other than a Change in Control (in
which case Quantum’s Change in Control Agreement shall be the sole source of severance benefits), Quantum will provide to you the following benefits in exchange for your execution of a separation agreement and general release:

1.     equivalent of 52 weeks base salary

2.     equivalent of 12 months benefits coverage/continuation and

3.     the greater of the following:

               a.      50% vesting on remaining unvested stock options and restricted stock shares or

               b.     12 months vesting on unvested stock options and restricted stock shares

This offer will not alter any of the severance benefits you are scheduled to receive monthly through February 1, 2006.  Those benefits are outlined in the severance agreement resulting from Quantum’s acquisition of
Certance LLC in January 2005.

Enclosed is a second copy of this offer.  Please sign and return one copy of this letter to Suzan Morno-Wade, Director of Compensation & Benefits, 1650 Technology Drive, Suite 800, San Jose, CA 95110 or by fax to
408-944-4489.  This offer supersedes any and all other written or verbal offers and is valid until Friday June 3, 2005 unless earlier withdrawn.  It is also contingent upon successful completion of reference checks, security background verification,
execution of Quantum’sEmployee Proprietary Information and Invention Agreement and proper verification of employment eligibility.  Employment at Quantum is at will – either you or Quantum has the right to terminate your employment at any time for any
reason, with or without cause.

Upon your written acceptance, we will send to you the required documents for your executive orientation including but not limited to such documents to establish your identity and employment eligibility.  You are requested
to bring the required documents with you on your first day.

Howard, we are very enthusiastic about your joining the Quantum leadership team.  We are certain you will find Quantum a stimulating and team-oriented company.  The work environment is one of challenge, opportunity
and reward for success.  If you have any questions, please do not hesitate to call me.  Again, it is a pleasure to welcome you to Quantum. We look forward to your acceptance.

Sincerely,

Rick Belluzzo

Chairman and CEO

Quantum Corporation

I understand and accept the terms of this employment offer.

Signed: _/s/ Howard Matthews               
                                                   Date:
May 26, 2005

                  Howard MatthewsForm 8-K Quantum Corporation

EXHIBIT 10.2

TERMINATION AGREEMENT AND

GENERAL RELEASE OF ALL CLAIMS

        This Termination Agreement and General Release (the "Agreement") by and between Quantum Corporation, a Delaware corporation (“Quantum” or “Company”), and
George Kreigler III (Quantum employee #9032) (“Mr. Kreigler”), collectively, (the “Parties”).

        WHEREAS, the Company and Mr. Kreigler have previously agreed, by letter of agreement dated December 16, 2003, to the terms of certain enhanced severance benefits payable
to Mr. Kreigler under conditions set out more fully therein and attached hereto as Attachment A; and

        WHEREAS, the Company and Mr. Kreigler have further agreed to mutually and amicably end the employment relationship in accordance with the terms and conditions hereinafter
set forth;

        NOW, THEREFORE, in consideration of the mutual promises set forth herein the Parties agree as follows.

         1.  Definition of Parties:  References in this Agreement to “Quantum” shall include any and all parent, subsidiary and affiliated
corporations and business entities and all shareholders, officers, directors, agents, managers, employees, representatives, attorneys, and successors and assigns of those corporations and entities.  References in this Agreement to “George Kreigler
III” or “Mr. Kreigler” shall include all of his representatives, attorneys, heirs, and successors and assigns.

         2.  Quantum's Consideration For Agreement: Quantum agrees to provide Mr. Kreigler with the following benefits.  These benefits are in addition to
any payments or benefits for which Mr. Kreigler is otherwise eligible as a result of the termination of his employment:

        a)     Severance Pay.

        Quantum agrees to pay Mr. Kreigler the sum of Three Hundred and Four Thousand, Five Hundred dollars and 00/100 ($304,500.00), which represents his base salary for a 12 month
period.  This amount shall be paid by check in a single lump sum less all normal payroll deductions two weeks after the Termination Date.  In addition, Mr. Kreigler will be compensated for four weeks of unused vacation in the amount of $23,
423.08.

        b)     Benefit Continuation.

        If Mr. Kreigler is enrolled in a medical, dental, vision or Employee Assistance Program (EAP) plan sponsored by Quantum on the Termination Date, he shall be entitled to remain an
active participant in such benefits at no additional cost to him through the end of the month in which employment terminates.  The normal employee-employer premium contributions will apply.  Thereafter, he has the option to continue coverage through
COBRA  at his own cost.

        c)     Quantum shall continue Mr. Kreigler’s group-term life insurance coverage in effect at the time of the Termination Date for sixty (60) days
following the Termination Date.  If Mr. Kreigler fails to make timely payment of his costs for such coverage, such coverage shall terminate effective as of the first day of the period for which timely payment was not received.

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        3.  Mr. Kreigler’s Last Day of Regular Employment: Mr. Kreigler’s last day of regular employment at Quantum and his Termination Date shall be
June 1, 2005.  Mr. Kreigler has agreed to be available as needed as a consultant to Quantum for six months following the Termination Date without additional consideration.

        4.  Mr. Kreigler’s Waiver of All Legal Claims:  In consideration for the payments and promises described above, Mr. Kreigler does hereby
completely release and forever discharge Quantum from all claims, rights, obligations, and causes of action of any and every kind and character, known or unknown, which Mr. Kreigler may now have, or has ever had, arising from or in any way connected with the
employment relationship between the parties, any actions during that relationship, or the termination of that relationship.

        This release includes but is not limited to: a) all "wrongful discharge" or "wrongful termination" claims; b) all claims relating to any contracts of employment, express or
implied; c) all claims for breach of any covenant of good faith and fair dealing, express or implied; d) all claims for any tort of any nature; e) all claims for attorney's fees and costs; and f) all claims under any federal, state, or municipal statute, ordinance,
regulation or constitution, including specifically any claims under the California Fair Employment and Housing Act, the California Labor Code, Title VII of the Civil Rights Act of 1964, the Age Discrimination in Employment Act, the Americans With Disabilities Act,
the Employee Retirement Income Security Act and any other laws or regulations relating to employment or employment discrimination.

        7.  Mr. Kreigler’s Acknowledgment of Civil Code § 1542:  Mr. Kreigler states that he has read Section 1542 of the Civil Code of the State
of California, which provides as follows:

A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM MUST HAVE MATERIALLY AFFECTED HIS SETTLEMENT WITH THE
DEBTOR.

Mr. Kreigler understands that Section 1542 gives him the right not to release existing claims of which he is not now aware, unless he voluntarily chooses to waive this right.  Having been so apprised, Mr. Kreigler
nevertheless hereby voluntarily elects to, and does, waive the rights described in Section 1542, and elects to assume all risks for claims that now exist in his favor, known or unknown, from the subject of this Agreement.

        8.  Unemployment Compensation: The parties agree that the termination of Mr. Kreigler’s employment by Quantum should be considered an involuntary
termination for purposes of determining Mr. Kreigler’s  eligibility for unemployment compensation benefits, subject to the ultimate determination of eligibility for benefits by the applicable governmental agencies.  

        9.  Non-Admission Clause:  Nothing in this Agreement shall be construed as an admission by Quantum of any wrongdoing by the Company or any liability
arising from the subjects covered in this Agreement.

        10. Entire Agreement:  This Agreement constitutes the entire understanding of the parties on the subjects covered.  Mr. Kreigler expressly warrants
that: a) he has read and fully understands this Agreement; b) he has had the opportunity to consult with legal counsel of his own choosing and to have the terms of the Agreement fully explained to him; c) he is not

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executing this Agreement in reliance on any promises, representations or inducements other than those contained in this document; and d) he is executing this Agreement voluntarily, free of any duress or coercion.

        11. Effective Date:  This Agreement shall become effective on the eighth (8th) day following the date on which Mr. Kreigler signs it. It is understood
that Mr. Kreigler may revoke his consent to this Agreement in the seven day period following the date on which he signs the Agreement.

        12. Compliance with Older Workers Benefit Protection Act:   Mr. Kreigler  acknowledges that Quantum has advised him: a) that he should consult
with an attorney prior to signing this Agreement; b) that he has twenty one (21) days in which to consider whether he should sign this Agreement; and c) that if he signs this Agreement, he will be given seven (7) days following the date in which he signs to
revoke the Agreement and it would not be effective until after this seven-day period had lapsed.

        13. Return of Property:  To the extent he has not already done so, Mr. Kreigler shall upon his last day of regular employment, return to Quantum, all
Quantum property, including all keys, credit cards, files, documents, business records, customer records, computer discs, computer, telephone and other Quantum property and assets that may be in his possession or control.

        14. Non-Disparagement: Mr. Kreigler agrees not to make statements or representations, or otherwise communicate, directly or indirectly, in writing, orally, or
otherwise, or take any action, which may, directly or indirectly, disparage Quantum its officers, directors, employees, advisors, businesses or reputations.  Quantum agrees that it will not make statements or representations, or take any action which may,
directly or indirectly, disparage Mr. Kreigler or his business or reputation.  Notwithstanding the foregoing, nothing in this Agreement shall preclude either Mr. Kreigler or Quantum from making truthful statements or disclosures that are required by applicable
law, regulation, or legal process.

        15. Construction of Agreement: This Agreement shall not be construed in favor of or against any of the parties hereto, regardless of which party initially
drafted it.  This Agreement was reached through arms-length negotiations by the parties and their respective counsel, and it represents a final, mutually agreeable compromise.

        16. Counterparts: This Agreement may be executed in any number of counterparts, each of which shall be deemed an original and all of which together shall be
deemed to be one and the same instrument.

Acknowledged and Agreed:

	
Dated:         6/1/05    

	
    

	
                                                        

	
    /s/ Rick Belluzzo                    

	
 

	
    

	
                                                        

	
Rick Belluzzo

	
 

	
    

	
                                                        

	
For Quantum Corporation

	
 

	
    

	
                                                        

	
 

	
 

	
    

	
                                                        

	
 

	
Dated:         6/1/05    

	
    

	
                                                        

	
    /s/ George Kreigler III                    

	
 

	
    

	
                                                        

	
George Kreigler III

	
 

	
    

	
                                                        

	
 

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