Document:

Prepared by MERRILL CORPORATION www.edgaradvantage.com

Exhibit 10.17

Summary of Jim Taylor consulting agreement:

	1.
	Engagement
changed to part-time with responsibility to work at Iomega direction a minimum of "8Days" per month. Compensation shall amount to $200,000 per annum under this agreement.
Should hours requested exceed the base of this agreement a mutually acceptable remuneration will be agreed between the parties.

	2.
	Responsibilities
as written by the Chief Executive Officer (Jodie Glore).

	3.
	This
agreement shall be effective until cancellation by either party (Iomega—or—Jim Taylor) following a 30 day notification.

Should
cancellation by the company occur on or before:

1/1/2000—A
special one-time payment of $400,000 (gross) will be made to Mr. Taylor

1/1/2001—A
special one-time payment of $200,000 (gross) will be made to Mr. Taylor

1/1/2002—There
is no additional compensation

If
at any time Mr. Taylor chooses to end this consulting relationship there will be no monies due to him.

	4.
	Mr. Taylor
will remain eligible for the 1999 Incentive bonus Plan (IBP) at a 50% reduced target of $150,000. Any payment of this bonus will be directly tied to the plan
provisions of both company financial (50%) and non-financial (50%) performances as determined by the Compensation committee of the Board of Directors.

Mr. Taylor's
eligibility under this plan will cease after the 1999 plan year.

	5.
	Mr. Taylor
will continue to vest in all stock options previously issued so long as this consulting arrangement remains in effect. He will also be eligible for any additional
grants that may be contemplated based upon performance and contribution to the Corporation.

	6.
	Mr. Taylor
remains bound by all non-competition, non-solicitation, and non-disparagement provisions of his employment agreement.

The
below signatures acknowledge agreement with the above provisions and negate any future and/or past claims based on any prior agreements between the Company and Mr. Taylor.

	 

 	 
 	 

 	 
 	 

 
	/s/ James Taylor
 James Taylor	 	/s/ Jodie Glore
 Jodie Glore, CEO	 	/s/ Kevin O'Connor
 Kevin O'Connor VP—HRPrepared by MERRILL CORPORATION www.edgaradvantage.com

Exhibit 10.18

July 23 1999

Philip
G. Husby

43 Crane Road

Scarsdale, New York 10583

Dear
Philip:

    Iomega
is please to confirm your offer of employment as Senior Vice President and Chief Financial Officer, reporting to Jodie K. Glore at our Corporate Headquarters in Roy, Utah. The
annual compensation will be $315,000 paid on a bi-weekly basis. We would like your employment to begin as soon as possible.

    Your
compensation package also includes:

	•
	Participation
in the Iomega Incentive Bonus Program with an annual incentive target payment equal to $150,000 (minus applicable withholding taxes). The
1999 Bonus will be guaranteed at target, pro-rated from start of employment.

	•
	A
benefits package encompassing hospitalization, major medical and dental coverage, 401(k) retirement plan, vacation and holidays, and education
assistance, subject to the terms and conditions of these plans.

	•
	A
comprehensive Relocation Package (attached).

	•
	Pending
board approval, an option to purchase 75.000 shares of Iomega stock with an exercise price equal to the Fair Market Value on your start date. The
Fair Market Value of the stock is determined by the average of the high and low price on the day that you begin work. These option shares will vest in four increments, 25% on your first anniversary,
25% on your second anniversary, 25% on your third anniversary and 25% on your fourth anniversary and will be subject to a stock option agreement, which contains, among other terms, requirements
regarding confidentiality, non-solicitation, and non-competition.

	•
	Eligible
to participate in the Executive Life Insurance Program at two times the annual base salary, subject to medical underwriting.

	•
	Eligible
to participate in the Executive Long-Term Disability Program.

	•
	Eligible
to participate in the Executive Tax Planning Services provided by Price Waterhouse LLP.

    The
start of your employment is contingent upon your acceptance of this offer and the terms and conditions described in this letter, your signature on an agreement regarding
confidentiality, non-solicitation and non-competition, and proof of your eligibility to work in the United States. As you will note, this offer for a position constitutes and at-will relationship with
Iomega. This means that both you and Iomega share the right to sever the employment relationship at any time, for any reason or no reason, and with or without notice.

    Additionally,
it Iomega's policy that all employees successfully pass a drug screen at an Iomega approved facility prior to beginning employment. The actual test date is at Iomega's
discretion. This offer of employment is also contingent upon satisfactory background checks, which are currently pending.

    We
are looking forward to your joining Iomega. Please fax a copy of the signed offer letter (indicating the date that you will begin work) and relocation agreement to Kevin O'Connor
at (801) 332-3439. In the meantime, if you have any questions, please contact me at (801) 332-4748.

Sincerely,

Jodie
K. Glore

President and CEO

Iomega Corporation

	 

 	 
 	 

 	 
 	 

 
	/s/ Philip G. Husby
 Signed and Accepted	 	7/25/99
 Date	 	8-2-99
 Start Date

KMO/AD

Enclosures

Offer Expires: Friday, July 30, 1999.Prepared by MERRILL CORPORATION www.edgaradvantage.com

Exhibit 10.19

November 10, 1999

Bruce
Albertson

250 South Ocean Blvd. Apt 12-F

Boca Raton FL 33432

Dear
Bruce:

    On
behalf of the Board of directors of Iomega Corporation, I am pleased to offer you the position of President and COO, reporting to myself, at our Corporate Headquarters in Roy,
Utah. You will be named President and Chief Executive Officer following Q4 earnings announcement on or about 1/20/2000. In this capacity, you will be responsible for strategic and operational
leadership. We would like you to join us as soon as possible.

    To
confirm the compensation arrangements that are commensurate with this position.

Base Salary

    Your salary will be $500,000 per year, payable in bi-weekly installments in accordance with Iomega's normal payroll procedures, subject to withholding taxes
and other normal deductions. Salary increases are determined on the advise of the compensation committee based on assessed performance. It is our intent to revise executive salaries every other year
in furtherance of our objective of emphasizing the performance based compensation elements, both annual and long term, of our total compensation packages.

    A
$225,000 sign on bonus (minus applicable withholding taxes) will be payable upon hire. If you voluntarily terminate your employment at Iomega prior to the completion of one year of
service, your sign-on bonus amount ($225,000) including applicable withholding taxes, must be repaid to Iomega in full.

Annual Incentive

    Your annual incentive award will be targeted at $500,000. Actual awards will vary from the target based on the achievement of specific goals and the Board's
assessment of performance. As currently constituted, the incentive opportunity is uncapped. We anticipate establishing goals for 2000 in cooperation with you immediately after you join us. Recognizing
that you will need time to assess the company's capabilities and develop a sound business plan, we will guarantee a 2000 annual incentive award of at least $300,000.

    Our
normal practice is to determine and pay annual incentive awards in cash by mid-March following the close of the fiscal year on December 31st.

Long Term Incentives

    You will be granted an option to purchase 1,000,000 shares of Iomega stock with an exercise price equal to the Fair Market Value on your start date. The Fair
Market Value of the stock is determined by the average of the high and low price on the day preceding the announcement of your appointment. These option shares will vest in four increments, 25% on
your first anniversary, 25% on your second anniversary, 25% on your third anniversary and 25% on your fourth anniversary and will be subject to a stock option agreement, which contains, among other
terms, requirements regarding confidentiality, non-solicitation, and non-competition.

    In
addition, you will be granted an option to purchase 250,000 shares of Iomega stock with an exercise price equal to the Fair Market Value on the your start date. The Fair Market
Value of the stock is determined by the average of the high and low price on the day preceding the announcement of your appointment. These shares will be 100% vested upon your date of hire and will be
subject to a stock option agreement, which contains, among other terms, requirements regarding confidentiality, non-solicitation and non-competition.

Benefits

    Iomega provides a comprehensive program of employee benefits, including

	•
	Medical
expense protection, including hospitalization, major medical and dental coverage

	•
	401
(k) retirement savings plan

	•
	Vacation
and Holidays

	•
	Participation
in the Executive Life Insurance Program at two times annual base salary, subject to medical underwriting

	•
	Participation
in the Executive Long Term Disability Program

	•
	Participation
in the Executive Tax Planning Services provided by Price Waterhouse

Relocation

    Iomega provides comprehensive relocation assistance, as described in the attached policy.

Severance and Change in Control Protection

    We have every confidence that your relationship with Iomega will be a long and prosperous one. However, in the unlikely event that the Board should terminate
you without cause, we will continue your salary, target annual incentive and benefits for 12 months.

    You
will be covered by the Change of Control Provsion adopted and passed by the Board of Directors. Under a modified, single trigger change of control provision, your salary, annual
bonus at target, and benefits will be continue for 24 months under the following circumstance:

	•
	If
within one year from the date of change in control, your employment is terminated by the Company other than for cause

	•
	If
you exercise an option to leave within 30 days following completion of one year from date of change of control

    However,
these payments would be reduced (or in the case of benefits, eliminated) once subsequent employment is obtained during the period. Outplacement services will be provided to
assist your search for new employment.

    The
start of your employment is contingent upon your acceptance of this offer and the terms and conditions described in this letter, your signature on an agreement regarding
confidentiality, non-solicitation and non-competition, and proof of your eligibility to work in the United States. As you will note, this offer for a position constitutes an at-will relationship with
Iomega. This means that both you and Iomega share the right to sever the employment relationship at any time, for any reason or no reason and with or without notice.

    Additionally,
it is Iomega's policy that all employees successfully pass a drug screen at an Iomega approved facility prior to beginning employment. The actual test date is at
Iomega's discretion.

    We
are looking forward to you joining Iomega. Please fax a signed copy of the offer letter (indicating the date you will begin work) and relocation agreement to Kevin O'Connor. In the
meantime, if you have any questions, please contact me at 801-332-4748.

Sincerely,

David
Dunn

Chairman

	 

 	 
 	 

 	 
 	 

 
	/s/ Bruce R. Albertson
 Signed and Accepted	 	11-11-99
 Date	 	  
 Start Date

KMO

Enc.

Offer
expires: November 12, 1999

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