Document:

dave_Ex10_3

		

			Exhibit 10.3

		

		
			EMPLOYMENT AGREEMENT 
		

		
			 
		

		
			THIS EMPLOYMENT AGREEMENT (this “Agreement”) is dated November 9, but effective as of November, 14, 2017 (the “Effective Date”), by and between Famous Dave’s of America, Inc., a Minnesota corporation (the “Company”), and Jeffery Crivello, an individual with a primary address at 235 Walnut St., Libertyville, IL 60048 (“Executive”). 
		

		
			 
		

		
			WHEREAS, Executive wishes to be employed by the Company and the Company desires to employ Executive as its Chief Executive Officer (the “CEO”) on the terms and conditions set forth herein.
		

		
			 
		

		
			NOW, THEREFORE, in consideration of these premises, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged and intending to be legally bound, the parties hereto hereby agree as follows:
		

		
			 
		

		
			1. Employment; Employment Term. Upon the terms and conditions hereinafter set forth, the Company hereby agrees to retain the services of Executive and Executive hereby accepts such employment and agrees to faithfully and diligently serve as the Chief Executive Officer of the Company (the “CEO”) in accordance with this Agreement, commencing on the Effective Date and, unless terminated earlier pursuant to Section 6 of this Agreement, continuing until the close of business on the three  (3) year anniversary of the Effective Date (the “Employment Term”).
		

		
			 
		

		
			2.Duties.
		

		
			 
		

		
			(a)Services.  During the Employment Term, Executive agrees to serve as CEO of the Company and shall render his duties as CEO in a manner that is consistent with Executive’s position within the Company and as directed by the board of directors of the Company (the “Board”).  Executive shall perform duties generally typical for a chief executive officer of a publicly traded company with extensive franchise operations operating and conducting business in the United States and its territories, Canada, Abu Dhabi and such other countries as the Company may conduct operations and do business in during the Employment Term.  In addition to his duties as CEO, if requested by the Board, Executive agrees to serve as an elected/appointed officer and director of the Company and/or of any subsidiary of the Company and Executive shall serve in such capacities without additional compensation.  
		

		
			 
		

		
			(b)Certain Obligations. During the Employment Term, Executive (i) shall devote substantially all of his business time and attention to achieve, in accordance with the policies and directives of the Board established from time to time in their sole discretion, the objectives of the Company, (ii) shall be subject to, and comply with, the rules, practices and policies applicable to executive employees, whether reflected in an employee handbook, code of conduct, compliance policy or otherwise, as the same may exist and be amended from time to time, of the Company; and (iii)  Executive may (A) have investments in other entities and (B) act as a director for the entities and in the capacities set forth on Exhibit A hereto, or as otherwise approved by the Board;  provided that so acting shall not materially interfere with Executive’s duties with the Company.  Executive agrees and acknowledges that in the event that Executive’s 

		 

			

					

						 

					

					

						 

					

					

						 

				
	

					

						 

					

					

						 

					

					

						 

				

		

			 

		

 

		

			 

		

performance of his services and duties to the Company hereunder is inconsistent with or presents any conflict of interest with his obligations as Chief Financial Officer of PW Partners LLC, Executive’s primary duty shall be to the Company, and to the extent that a conflict arises, Executive shall promptly make the Board aware of such conflict.    
		

		
			 
		

		
			(c)Location.  The Company specifically acknowledges and agrees Executive will maintain his permanent residence in Illinois, and will fulfill his duties as CEO hereunder while based in such location;  provided, however, that Executive agrees to report to the Company’s headquarters in Minnetonka, Minnesota when and as required by the Board.   
		

		
			 
		

		
			3.Compensation.  For the services rendered herein by Executive, and the promises and covenants made by Executive herein, during the Employment Term the Company shall pay compensation to Executive as follows.
		

		
			 
		

			
	
			
				 (a)
			Base Salary. The Company shall pay to Executive the sum of TWO HUNDRED FIFTY THOUSAND DOLLARS ($250,000) as an annual salary (the “Base Salary”), payable in accordance with the normal payroll practices of the Company.  

		
			 
		

			
	
			
				 (b)
			Bonus.   Executive shall be eligible to receive a bonus payable in shares of the Company’s common stock (“Common Stock”)  (each a  “Bonus”) set forth on the second column of the table below the first time during the Employment Term that the thirty (30) day volume weighted average price of the Company’s Common Stock (“VWAP”) is equal to or exceeds the VWAP Target set forth on the first column in the table below.    

		
			 
		

		
			 
		

			
					
						VWAP Target

					
					
						Bonus (in Shares of Common Stock)

				
	
					
						$5.00

					
					
						5,000

				
	
					
						$6.00

					
					
						10,000

				
	
					
						$7.00

					
					
						10,000

				
	
					
						$8.00

					
					
						12,500

				
	
					
						$9.00

					
					
						12,500

				
	
					
						$10.00

					
					
						15,000

				
	
					
						$11.00

					
					
						15,000

				
	
					
						$12.00

					
					
						20,000

				
	
					
						$13.00

					
					
						20,000

				
	
					
						$14.00

					
					
						25,000

				
	
					
						$15.00

					
					
						25,000

				

		
			 
		

		
			The Bonus Common Stock shall be granted pursuant to and governed by the terms of the Company’s 2015 Equity Incentive Plan, as amended from time to time (the “Plan”).  If Executive believes that a VWAP Target has been achieved, he shall submit to the Compensation Committee of the Board (the “Committee”) a written notice thereof (each a “VWAP Notice”).  The Committee shall have thirty (30) days from receipt of a VWAP Notice to review the Common Stock prices for the period in question and determine whether (i) Executive is entitled to a Bonus or (ii) whether it disagrees with Executive’s analysis.  If the Committee agrees that Executive is entitled to a Bonus, the Company shall issue Executive the Bonus within thirty (30) days of the expiration of 

		 

		

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the thirty (30) day review process. This equity grant will be immediately and fully vested.  If the Committee disagrees that Executive is entitled to a Bonus, the Committee shall provide the Executive with its analysis of why no Bonus is due within thirty (30) days of the expiration of the thirty (30) day review process. If the Company is sold, merged or otherwise acquired, the value placed on each share of the Company will be used in this analysis, and the above mentioned VWAP calculation will be waived.
		

		
			 
		

			
	
			
				 (c)
			Equity Grants.    Subject to the approval of the Committee, promptly following Effective Date the Company shall grant to Executive stock options (the “Options”) exercisable for 90,000 shares of Common Stock.  The Options shall be granted pursuant to and governed by the terms of the Plan, and evidenced by a separate stock option agreement between Executive and the Company.  The exercise price of the Options shall be the exchange quoted settlement price at the close of the previous business of the Effective date of employment.    If the Company is sold, merged or otherwise acquired, all 90,000 Options will immediately vest.Subject to the Executive remaining continuously employed by the Company as its CEO on each vesting date (“Continuous Service Status”), the Options shall vest in installments of 3,750 options shares on twenty four (24) monthly anniversaries of the Effective Date over the Employment Term (the first vesting date being on the one (1) month anniversary of the Effective Date hereof).  Notwithstanding anything to the contrary set forth in the Plan, the Options shall have the following terms:

		
			 
		

		
			(i)In the event of a Corporate Transaction (as defined in the Plan) whether vested or unvested Executive shall exercise the Options or such failure to exercise will result in the Options terminating immediately prior to such Corporate Transaction;
		

		
			 
		

		
			 (ii)The Options will terminate if not exercised within six (6) months of Executive’s termination from the Company for any reason; 
		

		
			 
		

		
			(iii)All unvested Options will terminate upon the termination of your employment with the Company; and     
		

		
			 
		

		
			(iv)  Unless earlier terminated as set forth above, the Options shall expire on the ten  (10) year anniversary of the date of grant.
		

		
			 
		

		
			(d)No Additional Compensation. Except for compensation set forth in this Agreement, Executive shall not receive additional compensation in connection with providing services to or holding executive or directorial office(s) in the Company or any of its subsidiaries unless otherwise agreed to by Executive and the Company, in the Company’s sole discretion.
		

		
			4.Benefits.
		

		
			 
		

		
			(a)Vacation.  During Employment Term, Executive shall also be eligible to receive paid time off (“PTO”) as outlined in the Company’s PTO program for senior executives of the Company.
		

		
			 
		

		
			

		 

		

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			(b)Other Benefits.  During the Employment Term, Executive will be eligible to participate in the Company’s benefit plans that are currently and hereafter maintained by the Company and for which he is eligible including, without limitation, group medical, 401k, life insurance and other benefit plans (the “Benefits”). The Company reserves the right to cancel or change at any time the Benefits that it offers to its employees.
		

		
			 
		

		
			(c)Expenses.  During the Employment Term, Executive shall be reimbursed for reasonable (travel and other) expenses incurred by Executive in the furtherance of or in connection with the performance of Executive’s duties hereunder, in accordance with the Company’s expense reimbursement policy as in effect from time to time.  Executive agrees to provide detailed backup of any expenses and indicate on any submission for reimbursement those expenses that relate to meals and entertainment.
		

		
			 
		

		
			5.Non-Disclosure of Information, Assignment of Intellectual Property, and Restrictive Covenants. Executive acknowledges that the Company is in the business of developing, owning, operating and franchising barbeque restaurants globally, with a focus on the United States and its territories, Canada and Abu Dhabi and any other country where the Company does business, that the Executive has and will develop and assemble extensive “know-how” and trade secrets relating to its business, the business of its franchisees and the business of its suppliers and has developed an extensive relationship with its franchisees, suppliers and customers.  Beginning from the Effective Date and continuing during Executive’s employment with the Company, Executive will have access to such trade secrets and relationships and other proprietary information of the Company.  Executive agrees to protect the Company’s Confidential Information (as defined below) as provided in this Section 5.
		

		
			(a) Confidential Information.  “Confidential Information” means information regarding the Company not generally known and proprietary to the Company, or to a third party for whom the Company is performing work, including, without limitation, information concerning any patents or trade secrets, confidential or secret designs, infomercial sources, media outlets, pricing, processes, formulae, source codes, plans, devices or material, research and development, proprietary software, analysis, techniques, materials or designs (whether or not patented or patentable), directly or indirectly useful in any aspect of the business of the Company or any vendor names, customer and supplier lists, databases, management systems and sales and marketing plans of the Company, or any confidential secret development or research work of the Company, or any other confidential information or proprietary aspects of the business of the Company.  All information which the Executive acquires or becomes acquainted with during his service as a member of the Board and during his employment with the Company, whether developed by the Executive or by others which the Executive has a reasonable basis to believe to be Confidential Information, or which is treated by the Company as being Confidential Information, shall be presumed to be Confidential Information.  Executive also agrees to promptly enter into and remain bound by the Company’s Employee Confidentiality Agreement (the “Employee Confidentiality Agreement”), the Company’s Information Technology and Data Security Policy, as amended from time to time (the “”Data Security Policy”), the Company’s Sexual Harassment, Offensive Behavior and Non-Discrimination Policy (the “Harassment and Discrimination Policy”), the Gifts & Prizes Policy (the “Gift Policy”) and any and all other 

		 

		

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employee policies adopted by the Company from time to time (together with the Data Security Policy, the Harassment and Discrimination Policy and the Gift Policy, the “Company Policies”).   
		

		
			 
		

		
			(b)Confidentiality Covenant.  Except as permitted or directed by the Company, the Executive shall not, either while employed by the Company or thereafter, divulge, furnish or make accessible to anyone or use in any way (other than as required in the performance of Executive’s duties as CEO hereunder) any Confidential Information.  The Executive acknowledges that the Confidential Information constitutes a unique and valuable asset of the Company and represents a substantial investment of time and expense by the Company, and that any disclosure or other use of such Confidential Information other than for the sole benefit of the Company would be wrongful and would cause irreparable harm to the Company.  Both during and after the Employment Term under this Agreement, Executive will refrain from any acts or omissions that would reduce the value of such knowledge or information to the Company.  
		

		
			 
		

		
			(c)Assignment of Intellectual Property. Executive agrees to assign and hereby assigns to the Company (the “Assignment”) any and all rights, improvements and copyrightable or patentable subject matter, know-how, and other intellectual property relating to the Company’s business (or any of its subsidiaries’ businesses) which Executive conceived or developed, or may conceive or develop, either alone or with others, or which otherwise arose or may arise during Executive’s employment with the Company and for a period of eighteen (18) months thereafter (“Assignable Property”).  Executive shall promptly disclose to the Company all Assignable Property.  Executive agrees not to assert any rights against the Company (or any of its subsidiaries) or seek compensation from the Company (or any of its subsidiaries) for the foregoing Assignment or the Company’s (or any of its subsidiaries) use of Assignable Property.  Executive shall promptly disclose to the Company all knowledge that Executive has or obtains regarding Assignable Property and, at the request of the Company, Executive shall, without expense or additional compensation, provide the Company with whatever assistance that the Company may request of Executive including, but not limited to:  (i) signing documents to further evidence and perfect an Assignment; (ii) obtaining for the Company patents, trademarks and trademark protection, copyrights and copyright protection, assignment of rights, and protection of trade secrets; and (iii) taking any other action the Company deems appropriate for securing or protecting its rights in Assignable Property or other intellectual property of the Company or its subsidiaries. 
		

		
			 
		

		
			(d)Non-Solicitation. During the Employment Term and for a period of eighteen (18) months thereafter, Executive shall not, whether for his own benefit or that of any other individual, partnership, firm, corporation, or other business organization, directly or indirectly: (i) solicit or attempt to induce any employee of the Company or any of its subsidiaries (an “Employee”) to leave his/her employment with the Company or in any way interfere with the relationship between or among the Company and any Employee; (ii) hire any person who was an Employee at any time during the Employment Term, (iii) induce or attempt to induce any supplier, licensee, franchisee or other business relation of the Company (collectively, the “Partners”) to limit or reduce his, her or its relationship with the Company or (iv) make any negative or disparaging statements or communications regarding the Company, any of its current or former directors, stockholders, officers, Employees or Partners (collectively, “Soliciting”).  
		

		
			 
		

		
			

		 

		

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			(e)Non-Compete.  During the Employment Term and for twelve (12) months following the termination of Executive’s employment with the Company, Executive shall not, whether as an employee, consultant, agent, proprietor, principal, partner, stockholder, corporate officer, director or otherwise (including through Executive’s relationship with PW Partners Capital Management or its affiliates), directly or indirectly manage or control of any person, firm, corporation or business whose business, or a material portion thereof, is the retail sale of barbeque food.   The foregoing covenant shall cover Executive’s activities in the United States and its territories, in Canada, Abu Dhabi and in any other country in which the Company does business during the Employment Term.
		

		
			 
		

		
			(f)Equitable Relief. In the event of a breach of or threatened breach by Executive of the provisions of this Section 5, the Company shall be entitled to an injunction restraining Executive from violating these covenants. Any breach or threatened breach of such provisions will cause irreparable injury to the Company and that money damages will not provide an adequate remedy therefor, and Executive hereby consents to the issuance of an injunction and to the ordering of such specific performance in the event the Company seeks injunctive relief and agrees that the Company shall be entitled to recover reasonable costs and attorneys’ fees in connection therewith.  Executive further agrees that no bond or other security shall be required in obtaining such equitable relief, nor will proof of actual damages be required for such equitable relief. 
		

		
			 
		

		
			(g)Tolling.  In the event of a breach by Executive of any covenant set forth in this Section 5, the period of time applicable to such covenant shall be extended by the duration of any violation by Executive of such covenant.
		

		
			 
		

		
			6.Termination; Severance Payments; Etc.
		

		
			 
		

			
	
			
				 (a)
			At-Will Employment.   Executive and the Company agree that Executive’s employment is at-will and that, either Executive or the Company may terminate Executive’s employment, at any time, with or without any cause, on ten (10) days prior notice; provided however that the Company may terminate the Executive’s employment for cause with no prior notice; provided further however, that each party shall remain bound by the terms and provisions of this Agreement that survive the termination in accordance with Section 9(i).   If  the Executive’s employment with the Company terminates, then the Executive, or, his estate, if applicable, shall be entitled to (i) any portion of the Base Salary that has accrued but not been paid through the date of such termination, and (ii) all accrued PTO, if any,  expense reimbursements due to Executive through the date of termination, if any (the “Accrued Obligations”).   

		
			 
		

			
	
			
				 (b)
			Transition of Duties.  In the event of a termination of the Executive, Executive shall assist the Company in transitioning his duties to another person or person designated by the Company.  

		
			7.Representations.
		

		
			 
		

			
	
			
				 (a)
			Executive represents that his performance of all the terms of this Agreement will not breach any agreement to keep in confidence proprietary information acquired 

		 

		

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	by him in confidence or in trust prior to or outside of his employment by the Company.  Executive hereby represents and warrants that he has not entered into, and will not enter into, any oral or written agreement in conflict herewith.

		
			 
		

			
	
			
				 (b)
			Executive hereby represents that Executive is not subject to any other agreement that Employee will violate by working with the Company or in the position for which the Company has hired Executive.  Further, Executive represents that no conflict of interest or a breach of Executive’s fiduciary duties will result by working with and performing duties for the Company.  

		
			 
		

			
	
			
				 (c)
			Executive further acknowledges and agrees that he has carefully read this Agreement and that he has asked any questions needed for him to understand the terms, consequences and binding effect of this Agreement and fully understands it and that he has been provided an opportunity to seek the advice of legal counsel of his choice before signing this Agreement.

		
			 
		

			
	
			
				 (d)
			Executive represents and warrants that he is not currently involved, directly or indirectly, in any litigation as a defendant or as a party subject to any counterclaims, nor is any such litigation threatened against Executive, directly or indirectly.

		
			8.Background Verification. The Company has previously conducted a complete background report with respect to Executive.  If the Board, in its sole discretion, chooses to have such background report updated, the Company may within a reasonable amount of time following receipt of such updated background report terminate the Employment Term and, notwithstanding anything to the contrary set forth herein, Executive shall not be entitled to (i) any payments hereunder other than the Accrued Obligations and (ii) the Options shall immediately terminate and be of no further force and effect.
		

		
			 
		

		
			9.Miscellaneous.
		

		
			 
		

		
			(a)Notices. All notices, requests, consents and other communications hereunder (i) shall be in writing, (ii) shall be effective upon receipt, and (iii) shall be sufficient if delivered personally, electronically with receipt confirmation, or by mail, in each case addressed as follows:
		

		
			 
		

		
			If to the Company:
		

		
			 
		

		
			To the then current members of the Board
		

		
			 
		

		
			Joseph Jacobs  - email:  jjacobs@wexford.com
		

		
			Richard Shapiro - email:   rshapiro@wexford.com
		

		
			Charles Mooty – email:  cwmooty@gmail.com
		

		
			Bryan Wolff – email:  bryan.wolff@gmail.com
		

		
			Anand Gala – email:  agala@galacorp.com
		

		
			Eric Hirschhorn – email:  eshirsch@gmail.com
		

		
			

		 

		

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			With a copy to:
		

		
			 
		

		
			Gray Plant Moody
		

		
			500 IDS Center
		

		
			80 South Eighth Street
		

		
			Minneapolis, MN USA 55402
		

		
			Attn:  Ryan Palmer
		

		
			Fax:  612-632-4013
		

		
			Email: Ryan.Palmer@gpmlaw.com
		

		
			 
		

		
			If to Executive:
		

		
			 
		

		
			To Executive’s most recent residential address or otherwise known by the Company or any other address Executive may provide to the Company in writing or by email to jcrivello@pwpartnersllc.com or such other email address as Executive may provide to the Company in writing.
		

		
			 
		

		
			Either party may change its address or email address or fax number for purposes hereof by giving notice to the other party in accordance with this paragraph.  Any notice given by certified mail, as aforesaid, shall be deemed given on the third (3rd) day after such notice is deposited with the United States Postal Service.  Any notice given by hand, as aforesaid, shall be deemed given when received (against a signed receipt).  Any notice given by overnight delivery service, as aforesaid, shall be deemed given on the first business day following the date when such notice is deposited with such delivery service.  Any notice given by facsimile, as aforesaid, shall be deemed given upon receipt of answerback confirmation.  Any notice given by e-mail, as aforesaid, shall be deemed given upon receipt of notice of delivery.
		

		
			 
		

		
			(b)Entire Agreement. This Agreement constitute the entire agreement by and between the parties with respect to the subject matter contained herein and supersedes all prior agreements or understandings, oral or written, with respect to the subject matter contained herein.  Notwithstanding the foregoing, Executive shall remain subject to and bound by the Employee Confidentiality Agreement and the Company Policies.
		

		
			 
		

		
			(c) Amendments; Waivers; Etc. This Agreement may not be altered, amended or modified in any manner, nor may any of its provisions be waived, except by written amendment executed by the parties hereto that specifically states that they intended to alter, amend or modify this Agreement.  No provision of this Agreement may be waived by any party hereto except by written waiver executed by the waiving party that specifically states that it intends to waive a right hereunder.  Any such waiver, alteration, amendment or modification shall be effective only in the specific instance and for the specific purpose for which it was given.  No remedy herein conferred upon or reserved by a party is intended to be exclusive of any other available remedy, but each and every such remedy shall be cumulative and in addition to every other remedy given under this Agreement or in connection with this Agreement and now or hereafter existing at law or in equity.  
		

		
			 
		

		
			

		 

		

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			(d) Governing Law and Jurisdiction.  Except as provided otherwise in Section 9(k), this Agreement shall be construed and enforced in accordance with the laws of the State of Minnesota without regard to the principle of the conflict of laws. Any dispute arising in connection with this Agreement may be adjudicated by binding arbitration pursuant to the rules of the American Arbitration Association, before a single arbitrator in Minneapolis, Minnesota except that the foregoing shall not preclude the Company or Executive from enforcing the award of the arbitrators in a state or Federal Court located in the State of Minnesota, and each of the parties hereto consent to the jurisdiction of such Courts. 
		

		
			 
		

		
			(e)Successors and Assigns.  Neither this Agreement nor any rights or obligations hereunder are assignable by Executive.  The Company shall have the right to assign its rights and obligations under this Agreement to any affiliate or successor of the Company.  This Agreement will be binding upon and inure to the benefit of (a) the heirs, executors and legal representatives of Executive upon Executive’s death and (b) any successor of the Company.  Any such successor of the Company (including but not limited to any person or entity which at any time, whether by purchase, merger or otherwise, directly or indirectly acquires all or substantially all of the assets or business of the Company) will be deemed substituted for the Company under the terms of this Agreement for all purposes.     
		

		
			 
		

		
			(f)Waiver of Jury Trial.  TO THE FULLEST EXTENT PERMITTED BY LAW, THE PARTIES HERETO HEREBY WAIVE THEIR RESPECTIVE RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF THIS AGREEMENT OR ANY DEALINGS AMONG THEM RELATING TO THE SUBJECT MATTER OF THE TRANSACTIONS CONTEMPLATED HEREBY. THE SCOPE OF THIS WAIVER IS INTENDED TO BE ALL-ENCOMPASSING OF ANY AND ALL DISPUTES THAT MAY BE FILED IN ANY COURT OR WITH ANY ARBITRATOR AND THAT RELATE TO THE SUBJECT MATTER OF THIS AGREEMENT, INCLUDING WITHOUT LIMITATION, CONTRACT CLAIMS, TORT CLAIMS, BREACH OF DUTY CLAIMS, AND ALL OTHER COMMON LAW AND STATUTORY CLAIMS. THE PARTIES HERETO ACKNOWLEDGE THAT (I) THIS WAIVER IS A MATERIAL INDUCEMENT TO ENTER INTO A BUSINESS RELATIONSHIP, (II) EACH HAS ALREADY RELIED ON THE WAIVER IN ENTERING INTO THIS AGREEMENT AND (III) EACH WILL CONTINUE TO RELY ON THE WAIVER IN THEIR RELATED FUTURE DEALINGS.  THIS WAIVER IS IRREVOCABLE, MEANING THAT IT MAY NOT BE MODIFIED EITHER ORALLY OR IN WRITING, AND THE WAIVER SHALL APPLY TO ANY SUBSEQUENT AMENDMENTS, RENEWALS, SUPPLEMENTS OR MODIFICATIONS TO THIS AGREEMENT OR TO ANY OTHER DOCUMENTS OR AGREEMENTS RELATING TO THE TRANSACTIONS CONTEMPLATED HEREBY.  EACH OF THE PARTIES AGREES THAT THE PREVAILING PARTY IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY SHALL BE ENTITLED TO RECOVER ITS REASONABLE FEES AND EXPENSES IN CONNECTION THEREWITH, INCLUDING LEGAL FEES.  
		

		
			 
		

		
			(g)Counterparts. This Agreement may be executed in any number of counterparts, each of which when so executed and delivered shall be deemed an original, and all of which together shall constitute one and the same instrument.
		

		
			

		 

		

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			(h)Severability. Executive acknowledges that the provisions, restrictions and time limitations contained in Section 5 are reasonable and properly required for the adequate protection of the business of the Company and that in the event such restriction or limitation is deemed to be unreasonable by any court of competent jurisdiction, then Executive agrees to submit to the reduction of said restriction and limitation to such as any such court may deem reasonable.  If any particular provision of Section 5 shall be adjudicated to be invalid or unenforceable, such provision shall be considered to be divisible with respect to scope, time and geographic area, and such lesser scope, time or geographic area, as a court of competent jurisdiction may determine to be reasonable, not arbitrary and not against public policy, shall be effective, binding and enforceable against Executive. In the event that any provision hereof becomes or is declared by a court of competent jurisdiction to be illegal, unenforceable or void, this Agreement will continue in full force and effect without said provision.
		

		
			 
		

		
			(i)Survival. Any termination of Executive’s employment and any expiration or termination of the Employment Term under this Agreement shall not affect the continuing operation and effect of Sections 5,  6 and 9 hereof, which shall continue in full force and effect with respect to the Company and its successors and assigns and respect to Executive.
		

		
			 
		

			
	
			
				 (j)
			Tax Withholding. All payments made pursuant to this Agreement will be subject to withholding of applicable taxes.

			
	
			
				 (k)
			Internal Revenue Code Section 409(A).  The intent of the parties is that payments and benefits under the Agreement comply with or be exempt from Section 409A of the Internal Revenue Code (the “Code”) and the regulations and guidance promulgated thereunder (“Section 409A”) and, accordingly, to the maximum extent permitted the Agreement shall be interpreted to be in compliance therewith or exempt therefrom.  To the extent any such cash payment or continuing benefit payable upon Executive’s termination of employment is nonqualified deferred compensation subject to Section 409A, then, only to the extent required by Section 409A, such payment or continuing benefit shall not commence until the date which is six (6) months after the date of separation from service, and any previously scheduled payments shall be made in a lump sum (without interest) on that date.  For purposes of Section 409A, the phrase “termination of employment” (or other words to that effect), as used in this Agreement, shall be interpreted to mean “separation from service” as defined under Section 409A.

			
	
			
				 (l)
			Golden Parachute Limitation (Sec. 280G).  Notwithstanding anything to the contrary contained herein, if any payments or benefits provided under this Agreement constitute “parachute payments” within the meaning of Section 280G of the Code (the “Parachute Payments”) and such Parachute Payments are subject to the excise tax imposed by Section 4999 of the Code or nondeductible under Code Section 280G (“Section 280G”) , then the Parachute Payments shall be reduced to an amount such that the aggregate of the Parachute Payments does not exceed 2.99 times the “base amount,” as defined in Section 280G, provided that the foregoing reduction shall not take place if, prior to the date of the change in ownership or control of the Company, the Parachute Payments shall have been approved in a vote satisfying the requirements of Section 280G(b)(5) of the Code by persons who, immediately before the change in ownership 

		 

		

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	or control, own more than seventy-five (75%) of the voting power of all outstanding stock of the Company.  

		
			 
		

		
			(m)Section Headings. The headings of the sections and subsections of this Agreement are inserted for convenience only and shall not be deemed to constitute a part thereof, affect the meaning or interpretation of this Agreement or of any term or provision hereof.
		

		
			 

		

		
			 
		

		
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			IN WITNESS WHEREOF, the parties have executed this Employment Agreement as of the date first set forth above.
		

		
			 
		

		
			 

		

		
			FAMOUS DAVE’S OF AMERICA, INC. EXECUTIVE:
		

		
			 
		

		
			 
		

		
			By:_/s/ Dexter Newman__________________/s/ Jeffery Crivello_________________
		

		
			Name:Dexter NewmanJEFFERY CRIVELLO
		

		
			Title:Chief Financial Officer 
		

		
			

		 

		

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Exhibit A
		

		
			TREW Capital Management, Inc.
		

		
			Gramovox, LLCex_99938.htm

Exhibit 4.8

 

DETERMINE, INC. 

NOTICE OF GRANT OF STOCK OPTION

(Non-Plan Inducement Award)

 

Determine, Inc. (the “Company”) has granted you an option (the “Option”) to purchase certain shares of Stock of the Company. The Option has been granted outside of the Determine, Inc. 2015 Equity Incentive Plan (the “Plan”), in reliance on NASDAQ Marketplace Rule 5635(c)(4), and is subject to the terms of this Notice of Grant of Stock Option (the “Grant Notice”) and the attached Stock Option Agreement (the “Option Agreement”); however, as set forth in the Option Agreement, certain provisions set forth in the Plan are incorporated by reference for purposes of administering and interpreting this Option.

 

 

	
			Optionee:

				
			Gérard Dahan

				 	 
	 	 	 	 
	
			Date of Grant:

				
			November 14, 2017

			
	 	 
	
			Number of Option Shares:

				
			200,000, subject to adjustment as provided by the Option Agreement.

			
	 	 
	
			Exercise Price:

				
			US$_________

			
	 	 
	
			Initial Vesting Date:

				
			September 25, 2018

			
	 	 
	
			Option Expiration Date:

				
			November 14, 2027. This Option expires earlier if your Service terminates earlier, as described in the Option Agreement.

			
	 	 
	
			Tax Status of Option:

				
			French Tax Status. The Option is not intended to be tax-qualified under French tax laws including, without limitation, under Articles L. 225-197-6 or Articles L. 225-177 to L. 225-185 of the French Commercial Code.  For purposes of US taxation, if applicable, the Option is intended to be a Non-Statutory Option (NSO).

			
	 	 
	
			Vested Shares:

				
			Except as provided in the Option Agreement, the number of Vested Shares (disregarding any resulting fractional share) as of any date is determined by multiplying the Number of Option Shares by the “Vested Ratio” determined as of such date as follows:

			
	 	 
	 	 	
			Vested Ratio

			
	 	
			Prior to Initial Vesting Date

				
			0

			
	 	 	 
	 	
			On Initial Vesting Date, provided your Service has not terminated prior to such date

				
			1/4

			
	 	 	 
	 	
			Plus, for each additional month of Service from Initial Vesting Date until the Vested Ratio equals 1/1, an additional

				
			1/48

			

 

By their signatures below or by electronic acceptance or authentication in a form authorized by the Company, the Company and you agree that the Option is governed by this Grant Notice and by the provisions of the Option Agreement, which is made a part of this document. You represent that you have read and are familiar with the provisions of the Option Agreement, and hereby accept the Option subject to all of its terms and conditions.

 

You understand that you will be provided with a paper copy of any documents if the attempted electronic delivery of such documents fails. Similarly, you understand and agree that you must provide the Company or any designated third party administrator with a paper copy of any documents if the attempted electronic delivery of such documents fails. You may revoke your consent to the electronic delivery of documents described herein or may change the electronic mail address to which such documents are to be delivered at any time by notifying the Company of such revoked consent or revised e-mail address by telephone, postal service or electronic mail. Finally, you understand and agree that you are not required to consent to electronic delivery of documents described herein.

 

[Signature Page Follows]

 

 

 

 

	
			DETERMINE, INC.

				 	
			OPTIONEE

			
	 	 	 	 
	
			By:

				 	 	 
	
			Name:

				 	 	
			Signature

			
	
			Title:

				 	 	 
	 	 	 	
			Date

			
	 	 	 	 	 
	 	 	 	 	
			Address

			

 

 

 

 

Determine, Inc.

 

Stock Option Agreement

(Non-Plan Inducement Award)

 

	
			Tax Treatment

				 	
			French Tax Status. The Option is not intended to be tax-qualified under French tax laws including, without limitation, under Articles L. 225-197-6 or Articles L. 225-177 to L. 225-185 of the French Commercial Code. For purposes of US taxation, if applicable, the Option is intended to be a Non-Statutory Option (NSO).

			
	 	 	 
	
			Non-Plan Grant

				 	
			This Option is being granted outside of the Plan in reliance on NASDAQ Marketplace Rule 5635(c)(4). However, as set forth below, unless otherwise defined herein, capitalized terms shall have the meaning set forth in the Plan. In addition, certain provisions set forth in the Plan shall govern the terms, administration, and interpretation of this Option (collectively, the defined terms and provisions are referred to as the “Applicable Plan Provisions”). For purposes of this Option Agreement, the following Sections of the Plan, as in effect on the Date of Grant, are hereby incorporated by reference: Sections 2, 3 (other than Section 3.4), 4.4, 6, 12 (other than Section 12.3), 13, 14, 15, and 17, and shall be considered Applicable Plan Provisions for purposes of the Option. 

			
	
			 

				 	
			 

			
	
			Vesting

				 	
			This Option becomes vested and exercisable during its term in accordance with the Vesting Schedule set out in the Grant Notice and with the applicable provisions of this Option Agreement.

			
	
			 

				 	
			 

			
	
			Term

				 	
			This Option expires in any event at the close of business at Company headquarters on the day before the 10th anniversary of the Date of Grant, as shown in the Grant Notice. (It will expire earlier if your Service terminates, as described below.)

			
	
			 

				 	
			 

			
	
			Regular Termination

				 	
			If your Service terminates for any reason except death or Disability, then this Option will expire at the close of business at Company headquarters on the date three months after your Service termination date. The Company determines when your Service terminates, as well as the effect of such termination, for this purpose.

			
	
			 

				 	
			 

			
	
			Death

				 	
			If you die before your Service terminates, then this Option will expire at the close of business at Company headquarters on the date 12 months after the date of death.

			
	
			 

				 	
			 

			
	
			Disability

				 	
			If your Service terminates because of your Disability, then this Option will expire at the close of business at Company headquarters on the date 12 months after your termination date.

			
	
			 

				 	
			 

			
	
			Leaves of Absence and Part-Time Work

				 	
			For purposes of this Option, your Service does not terminate when you go on a military leave, a sick leave or another bona fide leave of absence, if the leave was approved by the Company in writing and if continued crediting of Service is required by the terms of the leave or by applicable law. However, your Service terminates when the approved leave ends, unless you immediately return to active work. In addition, the provisions set forth in Section 2.1(aaa) shall govern the treatment of any leave period.

			

 

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			Notwithstanding the foregoing, if you go on a leave of absence, then the vesting schedule specified in the Grant Notice may be adjusted in accordance with the Company’s leave of absence policy or the terms of your leave. If you commence working on a part-time basis, then the vesting schedule specified in the Grant Notice may be adjusted in accordance with the Company’s part-time work policy or the terms of an agreement between you and the Company pertaining to your part-time schedule.

			
	
			 

				
			 

				
			 

			
	
			Restrictions on Exercise

				
			 

				
			The Company will not permit you to exercise this Option if the issuance of shares at that time would violate any law or regulation.

			
	
			 

				
			 

				
			 

			
	
			Notice of Exercise

				
			 

				
			When you wish to exercise this Option, you must notify the Company by filing the proper exercise form as described below. Your notice must specify how many shares you wish to purchase. Your notice must also specify how your shares should be registered. The notice will be effective when the Company receives it.

			
	
			 

				
			 

				
			 

			
	
			 

				
			 

				
			If someone else wants to exercise this Option after your death, that person must prove to the Company’s satisfaction that he or she is entitled to do so.

			
	
			 

				
			 

				
			 

			
	
			Method of Exercise

				
			 

				
			Exercise of this Option shall be by means of electronic or written notice (the “Exercise Notice”) in a form authorized by the Company. An electronic Exercise Notice must be digitally signed or authenticated by you in such manner as required by the notice and transmitted to the Company or an authorized representative of the Company (including a third-party administrator designated by the Company). In the event that you are not authorized or are unable to provide an electronic Exercise Notice, the Option shall be exercised by a written Exercise Notice addressed to the Company, which shall be signed by you and delivered in person, by certified or registered mail, return receipt requested, by confirmed facsimile transmission, or by such other means as the Company may permit, to the Company, or an authorized representative of the Company (including a third-party administrator designated by the Company). Each Exercise Notice, whether electronic or written, must state your election to exercise the Option, the number of whole shares of Stock for which the Option is being exercised and such other representations and agreements as to your investment intent with respect to such shares as may be required pursuant to the provisions of this Option Agreement. Further, each Exercise Notice must be received by the Company prior to the termination of the Option as set forth above and must be accompanied by full payment of the aggregate Exercise Price for the number of shares of Stock being purchased. The Option shall be deemed to be exercised upon receipt by the Company of such electronic or written Exercise Notice and the aggregate Exercise Price.

			
	 	 	 
	
			Payment of Exercise Price

				 	
			Except as otherwise provided below, payment of the aggregate Exercise Price for the number of shares of Stock for which the Option is being exercised shall be made (i) in cash, by check or in cash equivalent; (ii) if permitted by the Company and subject to the limitations contained below, by means of (1) a Cashless Exercise, (2) a Net-Exercise, or (3) a Stock Tender Exercise; or (iii) by any combination of the foregoing.

			
	 	 	 
	 	 	
			The Company reserves, at any and all times, the right, in the Company’s sole and absolute discretion, to establish, decline to approve or terminate any program or procedure providing for payment of the Exercise Price through any of the means described below, notwithstanding that such program or procedures may be available to others:

			
	 	 	 
	 	 	
			(i)     Cashless Exercise. A “Cashless Exercise” means the delivery of a properly executed Exercise Notice together with irrevocable instructions to a broker in a form acceptable to the Company providing for the assignment to the Company of the proceeds of a sale or loan with respect to shares of Stock acquired upon the exercise of the Option in an amount not less than the aggregate Exercise Price for such shares (including, without limitation, through an exercise complying with the provisions of Regulation T as promulgated from time to time by the Board of Governors of the Federal Reserve System).

			

 

4

 

 

	 	 	
			(ii)    Net-Exercise. A “Net-Exercise” means the delivery of a properly executed Exercise Notice electing a procedure pursuant to which (1) the Company will reduce the number of shares otherwise issuable to the Participant upon the exercise of the Option by the largest whole number of shares having a Fair Market Value that does not exceed the aggregate Exercise Price for the shares with respect to which the Option is exercised, and (2) you shall pay to the Company in cash the remaining balance of such aggregate Exercise Price not satisfied by such reduction in the number of whole shares to be issued. Following a Net-Exercise, the number of shares remaining subject to the Option, if any, shall be reduced by the sum of (1) the net number of shares issued to you upon such exercise, and (2) the number of shares deducted by the Company for payment of the aggregate Exercise Price.

			
	 	 	 
	 	 	
			(iii)    Stock Tender Exercise. A “Stock Tender Exercise” means the delivery of a properly executed Exercise Notice accompanied by (1) your tender to the Company, or attestation to the ownership, in a form acceptable to the Company of whole shares of Stock having a Fair Market Value that does not exceed the aggregate Exercise Price for the shares with respect to which the Option is exercised, and (2) your payment to the Company in cash of the remaining balance of such aggregate Exercise Price not satisfied by such shares’ Fair Market Value. A Stock Tender Exercise shall not be permitted if it would constitute a violation of the provisions of any law, regulation or agreement restricting the redemption of the Company’s stock. If required by the Company, the Option may not be exercised by tender to the Company, or attestation to the ownership, of shares of Stock unless such shares either have been owned by the Participant for a period of time required by the Company (and not used for another option exercise by attestation during such period) or were not acquired, directly or indirectly, from the Company.

			
	 	 	 
	
			Withholding Taxes and Stock Withholding

				
			 

				
			At the time the Option is exercised, in whole or in part, or at any time thereafter as requested by a Participating Company, you hereby authorize withholding from payroll and any other amounts payable to you, and you otherwise agree to make adequate provision for (including by means of a Cashless Exercise to the extent permitted by the Company), any sums required to satisfy the federal, state, local and foreign tax (including any social insurance) withholding obligations of the Participating Company Group, if any, which arise in connection with the Option or subsequent sale of shares (“Tax Obligations”). The Company shall have no obligation to deliver shares of Stock until the Tax Obligations of the Participating Company Group have been satisfied by you. You acknowledge and agree that the ultimate liability for all Tax Obligations is and remains your responsibility and that the Company (a) makes no representations or undertakings regarding the treatment of any Tax Obligations in connection with any aspect of the option and (b) does not commit to structure the terms of the grant or any other aspect of the option to reduce or eliminate your liability for Tax Obligations.

			
	 	 	 
	 	 	
			In addition, the Company shall have the right, but not the obligation, to require you to satisfy all or any portion of a Participating Company’s tax withholding obligations upon exercise of the Option by deducting from the shares of Stock otherwise issuable to you upon such exercise a number of whole shares having a fair market value, as determined by the Company as of the date of exercise, not in excess of the amount of such tax withholding obligations determined by the applicable minimum statutory withholding rates. 

			

 

5

 

 

	
			Restrictions on Resale

				 	
			You agree not to sell any Option shares at a time when applicable laws, Company policies or an agreement between the Company and its underwriters prohibit a sale. This restriction will apply as long as your Service continues and for such period of time after the termination of your Service as the Company may specify.

			
	 	 	 
	
			Transfer of Option

				 	
			Prior to your death, only you may exercise this Option. You cannot transfer or assign this Option. For instance, you may not sell this Option or use it as security for a loan. If you attempt to do any of these things, this Option will immediately become invalid. You may, however, dispose of this Option in your will or a beneficiary designation.

			
	 	 	 
	 	 	
			Regardless of any marital property settlement agreement, the Company is not obligated to honor a notice of exercise from your former spouse, nor is the Company obligated to recognize your former spouse’s interest in your Option in any other way.

			
	 	 	 
	
			Service and Employment Conditions

				 	
			In accepting the option, you acknowledge and agree as follows:

			

	 	
			●

				
			Any notice period mandated under applicable law shall not be treated as Service for the purpose of determining the vesting of the Option; and your right to vesting of shares in settlement of the Option after termination of Service, if any, will be measured by the date of termination of your active Service and will not be extended by any notice period mandated under applicable law. Subject to the foregoing and the provisions herein, the Company, in its sole discretion, shall determine whether your Service has terminated and the effective date of such termination.

			

 

	 	
			●

				
			The grant of the Option is voluntary and occasional and does not create any contractual or other right to receive future grants of options, or benefits in lieu of options, even if options have been granted repeatedly in the past.

			

 

	 	
			●

				
			All decisions with respect to future option grants, if any, will be at the sole discretion of the Company.

			

 

	 	
			●

				
			Your receipt of the Option shall not create a right to further Service with the Company or any of its parents or subsidiaries and shall not interfere with the ability of the Company or its parents or subsidiaries to terminate your Service at any time, with or without cause, subject to applicable law.

			

 

	 	
			●

				
			You are voluntarily participating in the Option.

			

 

	 	
			●

				
			The Option is an extraordinary item that does not constitute compensation of any kind for Service of any kind rendered to the Company or any parent or subsidiary, and which is outside the scope of your employment contract, if any.

			

 

	 	
			●

				
			The Option is not part of normal or expected compensation or salary for any purpose, including, but not limited to, calculating any severance, resignation, termination, redundancy, end-of-service payments, bonuses, long-service awards, pension or retirement benefits or similar payments.

			

 

	 	
			●

				
			The Option grant will not be interpreted to form an employment contract or relationship with any subsidiary or parent of the Company. 

			

 

6

 

 

	 	
			●

				
			The future value of the underlying shares of stock is unknown and cannot be predicted with certainty. The value of the shares of stock may increase or decrease.

			

 

	 	
			●

				
			No claim or entitlement to compensation or damages arises from termination of the Option or diminution in value of the option or shares and you irrevocably release the Company and its parents and subsidiaries from any such claim that may arise. If, notwithstanding the foregoing, any such claim is found by a court of competent jurisdiction to have arisen then, by signing this Option Agreement, you shall be deemed irrevocably to have waived your entitlement to pursue such a claim.

			

 

	
			Data Privacy Consent

				 	
			You understand and agree that the Company and its parent(s) or subsidiaries may collect, where permissible under applicable law, certain personal information about you, including, but not limited to, your name, home address and telephone number, date of birth, social insurance number or other identification number, salary, nationality, job title, any shares or directorships held in the Company, details of all options granted under this Agreement or any other entitlement to shares of stock awarded, canceled, vested, unvested or outstanding in your favor (“Data”), for the exclusive purpose of implementing, administering and managing the Option. You understand and agree that Company may transfer your Data to the United States, which is not considered by the European Commission to have data protection laws equivalent to the laws in your country. You understand and agree that the Company will transfer your Data to its designated broker, or such other stock plan service provider as may be selected by the Company in the future, which is assisting the Company with the implementation, administration and management of the Option. You understand and agree that the recipients of the Data may be located in the United States or elsewhere, and that a recipient’s country of operation (e.g., the United States) may have different data privacy laws that the European Commission or your jurisdiction does not consider to be equivalent to the protections in your country. You understand that you may request a list with the names and addresses of any potential recipients of the Data by contacting your local human resources representative. You authorize the Company, the Company’s designated broker and any other possible recipients which may assist the Company with implementing, administering and managing this Option to receive, possess, use, retain and transfer the Data, in electronic or other form, for the sole purpose of implementing, administering and managing your participation in the Option. You understand that Data will be held only as long as is necessary to implement, administer and manage your participation in the Option. You understand that you may, at any time, view Data, request additional information about the storage and processing of Data, require any necessary amendments to Data or refuse or withdraw the consents herein, in any case without cost, by contacting in writing your local human resources representative. Further, you understand that your providing the consents herein on a purely voluntary basis. If you do not consent, or if you later seek to revoke your consent, your employment status or career with the Company or its parent(s) or subsidiaries will not be adversely affected; the only adverse consequence of refusing or withdrawing your consent is that the Company would not be able to grant you options or other equity awards, or administer or maintain such awards. Therefore, you understand that refusing or withdrawing your consent may affect your ability to participate in the Option but will have no further detrimental impact on you whatsoever. For more information on the consequences of your refusal to consent or withdrawal of consent, you understand that you may contact your local human resources representative. You understand that you have the right to access, and to request a copy of, the Data held about you. You also understand that you have the right to discontinue the collection, processing, or use of your Data, or supplement, correct, or request deletion of your Data. To exercise your rights, you may contact your local human resources representative. You hereby explicitly and unambiguously consents to the collection, use and transfer, in electronic or other form, of your personal data as described in this Option Agreement and any other Option materials by and among, as applicable, the Company and its parent(s) or subsidiaries for the exclusive purpose of implementing, administering and managing your Options under the Grant Notice and this Option Agreement. You understand that your consent will be sought and obtained for any processing or transfer of your data for any purpose other than as described in this Option Agreement and Grant Notice.

			

 

 

 

7

 

 

	
			Stockholder Rights

				 	
			You, or your estate or heirs, have no rights as a stockholder of the Company until you have exercised this Option by giving the required notice to the Company and paying the exercise price. No adjustments are made for dividends or other rights if the applicable record date occurs before you exercise this Option, except as described in the Applicable Plan Provisions.

			
	 	 	 
	
			Adjustments

				 	
			In the event of a stock split, a stock dividend or a similar change in Company stock, the number of shares covered by this Option and the exercise price per share may be adjusted as described in the Applicable Plan Provisions.

			
	 	 	 
	
			Applicable Law

				 	
			This Option Agreement will be interpreted and enforced under the laws of the State of Delaware (without regard to their choice-of-law provisions) except as required under mandatory provisions of local law.

			
	 	 	 
	
			French Legal Notices

				 	
			Securities Disclaimer. Your grant of the Option is exempt or excluded from the requirement to publish a prospectus under the EU Prospectus Directive as implemented in France.

			 

			
			Language Consent. In accepting the grant of the Grant Notice and Option Agreement which provide for the terms and conditions of the Option, the Optionee confirms that he or she has read and understood the documents relating to the Option (the Grant Notice, Applicable Plan Provisions, and Option Agreement), which were provided in the English language. the Optionee accepts the terms of these documents accordingly. 

			

			 

			
			Consentement Relatif à la Langue Utilisée

			

			 

			
			En acceptant cette attribution gratuite d’actions et ce contrat qui contient les termes et conditions de cette attribution gratuite d’actions, l’employé confirme ainsi avoir lu et compris les documents relatifs à cette attribution (le Contrat d’Attribution) qui lui ont été communiqués en langue anglaise. L’employé en accepte les termes en connaissance de cause.

			

			
	 	 	 
	
			The Plan and Other Agreements

				 	
			The portions of the Plan constituting Applicable Plan Provisions are incorporated in this Option Agreement by reference. 

			 

			Except with respect to any written service, employment, or severance arrangement specifically referencing the accelerated vesting of equity awards, this Option Agreement and the Applicable Plan Provisions constitute the entire understanding between you and the Company regarding this Option. Except as set forth in the preceding sentence, any prior agreements, commitments or negotiations concerning this Option are superseded. This Option Agreement may be amended only by another written agreement between the parties. 

			

 

By signing the Grant Notice, you agree to all of the terms and conditions of this Option Agreement, the Grant Notice and the Applicable Plan Provisions. 

 

8

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