Document:

03.31.2015.Exhibit-10.23

Exhibit 10.23

Quantum Corporation
224 Airport Parkway
Suite 300
San Jose, CA 95110-1382

(408) 944-4000

August 29, 2014

Mr. Dale L. Fuller
[address]

Dear Dale:

We are very pleased to offer you the opportunity to serve on the Board of Directors of Quantum Corporation. 

As a Member of the Board of Directors, and under the current Board compensation program, your Board retainer will be $50,000 per annum, all of which will be paid in cash. Additionally, as a member of the Corporate Governance & Nominating Committee of the Board, you will receive a cash retainer of $7,500 per annum. The retainers are generally paid in quarterly installments.  Quantum will also reimburse you for any travel or incidental expenses associated with performing your duties as a Board member. 

We will recommend to the Leadership and Compensation Committee that restricted stock units (RSUs) with a total value of $125,000 be awarded to you. The actual number of RSUs to be awarded will be determined at the time of award based on the company’s closing stock price on the date of the Leadership and Compensation Committee’s approval, which occurs on the first business day of every month.  Therefore, the number of RSUs to be awarded to you will be determined using the closing stock price on October 1, 2014.  These RSUs will vest over two (2) years with 50% of the RSUs vesting after one (1) year and the remaining 50% vesting in quarterly installments over the second year. Once the RSUs have been approved, you will receive documentation from E*Trade, Quantum’s Stock Administrator, within two (2) months from your start date. If you remain a Board member, you will receive an annual stock grant thereafter.  Details of the ongoing annual stock program will be forthcoming and are subject to change. Lastly, we are pleased to offer you the opportunity to participate in Quantum’s Deferred Compensation Program, details of which are enclosed in this packet.

To confirm your acceptance of our offer, please sign one copy of this letter, complete the enclosed documents, and return them in the enclosed envelope. Please note that your membership on the Board becomes effective as of September 9, 2014, as the Board of Directors’ have already approved your appointment.  

Exhibit 10.23

Dale L. Fuller
August 29, 2014
Page 2 of 2

Dale, we are very enthusiastic about you joining our Board of Directors. If you have any questions, please do not hesitate to contact me.  Again, it is a pleasure to welcome you to Quantum Corporation. 

Sincerely,

/s/ Shawn Hall

Shawn Hall        
SVP, General Counsel      
Quantum Corporation    
[phone number]        

I understand and accept the terms of this agreement and agree to comply with all Quantum and Board policies and procedures, including those described in Quantum’s Business Conduct and Ethic’s Policy, Section 16 Policy, Insider Trading Policy, and Corporate Governance Principles.

Signed:   /s/ Dale L. Fuller                    Date: Sept. 9, 2014
    Dale L. Fuller

Start Date: ___________________________________

Enclosures:
Return Envelope
Deferred Compensation Program overview and forms
Director Change in Control Agreement    
Director Indemnification Agreement     
The High Road: Quantum’s Business Conduct & Ethics Policy
Section 16 Policy Documentation
Insider Trading Policy
Corporate Governance Principles

cc:     
Compensation
Legal03.31.2015.Exhibit-10.24

Exhibit 10.24

Quantum Corporation
224 Airport Parkway
Suite 300
San Jose, CA 95110-1382

(408) 944-4000

May 1, 2015
Mr. Robert J. Andersen
[address]

Dear Robert:
We are very pleased to offer you the opportunity to serve on the Board of Directors of Quantum Corporation. 
As a Member of the Board of Directors, and under the current Board compensation program, your Board retainer will be $50,000 per annum, all of which will be paid in cash. Your committee membership and committee retainer will be determined following your appointment The retainers are generally paid in quarterly installments.  Quantum will also reimburse you for any travel or incidental expenses associated with performing your duties as a Board member. 
We will recommend to the Leadership and Compensation Committee that restricted stock units (RSUs) with a total value of $125,000 be awarded to you. The actual number of RSUs to be awarded will be determined at the time of award based on the company’s closing stock price on the date of the Leadership and Compensation Committee’s approval, which occurs on the first business day of every month.  Therefore, the number of RSUs to be awarded to you will be determined using the closing stock price on June 1, 2015.  These RSUs will vest over two (2) years with 50% of the RSUs vesting after one (1) year and the remaining 50% vesting in quarterly installments over the second year. Once the RSUs have been approved, you will receive documentation from E*Trade, Quantum’s Stock Administrator, within two (2) months from your start date. If you remain a Board member, you will receive an annual stock grant thereafter.  Details of the ongoing annual stock program will be forthcoming and are subject to change. Lastly, we are pleased to offer you the opportunity to participate in Quantum’s Deferred Compensation Program, details of which will be provided to you supplementally.
To confirm your acceptance of our offer, please sign one copy of this letter, complete the enclosed documents, and return them in the enclosed envelope. Please note that your membership on the Board will become effective when your background and independence checks have been completed, and the Board has approved your appointment, which we are targeting to complete by May 6, 2015.  

Exhibit 10.24

Robert J. Andersen
May 1, 2015
Page 2 of 2

Robert, we are very enthusiastic about you joining our Board of Directors. If you have any questions, please do not hesitate to contact me.  Again, it is a pleasure to welcome you to Quantum Corporation. 

Sincerely,
/s/ Jon Gacek
Jon Gacek        
President & CEO    
Quantum Corporation    
[phone number]            

I understand and accept the terms of this agreement and agree to comply with all Quantum and Board policies and procedures, including those described in Quantum’s Business Conduct and Ethic’s Policy, Section 16 Policy, Insider Trading Policy, and Corporate Governance Principles.

Signed: /s/ Robert J. Andersen                 Date:   5/3/2015    
Robert J. Andersen

Start Date:___________________________________

Enclosures:
Director Change in Control Agreement    
Director Indemnification Agreement     
The High Road: Quantum’s Business Conduct & Ethics Policy
Section 16 Policy Documentation
Insider Trading Policy
Corporate Governance Principles

cc:     Compensation
Legal03.31.2015.Exhibit-10.25

Exhibit 10.25

Quantum Corporation
224 Airport Parkway
Suite 300
San Jose, CA 95110-1382

(408) 944-4000

January 12, 2015

[NAME]
[ADDRESS]

		
	Re:
	Agreement to Advance Attorneys’ Fees 

Dear [Name],
This letter (the “Letter”) will confirm that Quantum Corporation (the “Corporation”) will pay certain attorneys’ fees that may be incurred by you, as and in the circumstances described below. 
As you may recall, you and the Corporation have previously entered into a written agreement or agreements relating to your employment (specifically, an employment agreement and/or Change of Control Agreement) (any such agreement referred to herein as an “Agreement”).  
In the event that you bring an action to enforce or effect your rights under an Agreement (including this Letter), then the Corporation will advance all reasonable attorneys’ fees and costs incurred by you in connection with the action (the “Advance Payments”).  The Advance Payments will be paid to you by the Corporation in advance of the final disposition of the underlying action and within thirty (30) days following your submission of proper documentation of the fees and costs incurred by you, but in no event later than the last day of your taxable year that immediately follows your taxable year in which the fees and costs were incurred by you.  Your rights to the Advance Payments are, in each case, subject to the following additional requirements: (i) the right to this benefit is limited to fees incurred during your lifetime; (ii) you must submit documentation of the fees to be advanced no later than thirty (30) days following the end of your taxable year in which the fees were incurred; (iii) the amount of any Advance Payments provided during one taxable year will not affect the expenses eligible for payment by the Corporation as an Advance Payment in any other taxable year; and (iv) the right to any Advance Payment will not be subject to liquidation or exchange for another benefit or payment. These Advance Payments will be unsecured and interest‐free, and paid to you without regard to your ability to repay the fees incurred by you.  The arbitrator will determine whether or not you are the prevailing party consistent with California Civil Code section 1717 and, if the Corporation is the prevailing party, whether or not any portion of the Advance Payments will be repaid to the Corporation.  If any repayment is ordered, then it will take place no later than thirty (30) days following the final adjudication of the action.  
For purposes of clarity, this Letter does not limit the Corporation’s ability to modify or terminate any employee benefit plans and programs that are established for its employees generally (such as 401(k) plans, equity incentive plans, vacation policies, etc.), which the Corporation, in its sole discretion, may modify or terminate from time to time for any reason.  As a result, your rights to the Advanced Payments will not apply to any of these modifications or terminations that do not amend an Agreement.  Further, your rights to the Advanced Payments will not apply with regard to any attorneys’ fees and costs you may incur in the event of a dispute relating to or arising from any equity plan or equity award agreement under which any equity awards have been granted to you by the Corporation, unless such dispute also arises from and as a result of an Agreement.  
The Letter is intended to comply with or be exempt from the requirements of Internal Revenue Code Section 409A (“Section 409A”), so that none of the payments and benefits to be provided under this Letter will be subject to the additional tax imposed under Section 409A, and any ambiguities or ambiguous terms in this Letter will be interpreted to comply with or be exempt from Section 409A.  Any payments or benefits under this Letter will be subject to all applicable tax withholdings.  Each payment and benefit to be paid or provided under this Letter is intended to constitute a separate payment under Section 1.409A-2(b)(2) of the Treasury Regulations.  The Corporation and you agree to work together in good faith to consider amendments to this Letter and to take such reasonable actions which are necessary, appropriate or desirable to avoid imposition of any additional tax or income recognition prior to actual payment to you under Section 409A.  In no event will the Corporation reimburse you for any taxes that may be imposed on you as a result of Section 409A.

Exhibit 10.25

If you have any questions regarding this Letter, please contact Shawn Hall at [phone number].
Sincerely,
/s/ Jon Gacek
Jon Gacek
President and Chief Executive Officer
Quantum Corporation

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