Document:

kld-ex102_19.htm

Exhibit 10.2

 

 

April 21, 2020

 

Christopher Weiler

 

Dear Chris,

 

As part of the KLD response to the COVID-19 global pandemic, your base salary will be reduced, as outlined below.

 

This change is effective from April 21, 2020 and will be reflected on the May 8, 2020 paycheck.  

 

Current annualized base salary:  $400,000

Calculated bi-weekly amount (annualized salary/26):  $15,385

New temporary annualized base salary:  $350,000

New temporary calculated bi-weekly amount (annualized salary/26):  $13,462

 

All other terms and conditions of your employment remain unchanged.  

 

To confirm your acceptance of the pay change, please sign and return this letter.

 

Sincerely,

 

/s/ Lindsey Hammond

 

Lindsey Hammond

Sr. Director, Global Talent

 

___________________________________________________________________________

 

I accept the above change to my base salary and acknowledge that this change is now part of my employment agreement.

 

 

 

Signature/s/ Christopher Weiler

 

 

Date5/7/2020

 

KLDiscovery Ontrack, LLC

8201 Greensboro Drive, Suite 300kldiscovery.com

McLean, VA 22102kld-ex103_18.htm

 

Exhibit 10.3

 

 

April 21, 2020

 

 

Dawn Wilson

 

 

Dear Dawn,

 

As part of the Salary Exchange Plan put it place during the COVID-19 global pandemic, your base salary will be temporarily reduced in exchange for an Options and RSU award, approved by the Board of Directors.

 

This change is effective from April 23, 2020 and will be reflected starting on the May 8, 2020 paycheck and will continue through the July 31, 2020 paycheck.

 

Current annualized salary:  $400,000

Calculated bi-weekly amount (annualized salary/26):  $15,385

New temporary annualized salary:  $320,000

New temporary calculated bi-weekly amount (annualized salary/26):  $12,308

Temporary % change:  20%

 

Value of your pay change for 3 months:  $20,000

Number of awarded Options:  5,015

Number of awarded RSUs:  1,656

Total value of Options/RSU on date of grant:  $25,003

 

All other terms and conditions of your employment remain unchanged.

 

To confirm your acceptance of the pay change, please sign and return this letter.

 

Sincerely,

 

/s/ Lindsey Hammond

 

Lindsey Hammond

Sr. Director, Global Talent

 

_____________________________________________________________________________________

 

I accept the above change to my base salary and acknowledge that this change is now part of my employment agreement.

 

NameDawn Wilson

 

Signature/s/ Dawn Wilson

 

Date5/7/2020kld-ex104_17.htm

 

Exhibit 10.4

 

 

April 21, 2020

 

 

Krystina Jones

 

 

Dear Krystina,

 

As part of the Salary Exchange Plan put it place during the COVID-19 global pandemic, your base salary will be temporarily reduced in exchange for an Options and RSU award, approved by the Board of Directors of KLDiscovery Inc.

 

This change is effective from April 23, 2020 and will be reflected starting on the May 8, 2020 paycheck and will continue through the July 31, 2020 paycheck.

 

Current annualized salary:  $575,000

Calculated bi-weekly amount (annualized salary/26):  $22,115

New temporary annualized salary:  $460,000

New temporary calculated bi-weekly amount (annualized salary/26):  $17,692

Temporary % change:  20%

 

Value of your pay change for 3 months:  $28,750

Number of awarded Options:  7,209

Number of awarded RSUs:  2,381

Total value of Options/RSU on date of grant:  $35,946

 

Additionally, you have agreed to forego and waive your entitlement to certain commissions under the 2019 Sales Commission Plan amounting to $113,192 given your contribution to support employees in the US with base salaries under $75,000 so they would not experience a pay change during the Salary Exchange Plan.  In return, you were awarded the following additional Options and RSUs.

 

Number of awarded Options:  22,704

Number of awarded RSUs:  7,497

Total value of Options/RSU on date of grant:  $113,192

 

All other terms and conditions of your employment remain unchanged.  

 

To confirm your acceptance of the pay change, please sign and return this letter.

 

Sincerely,

 

/s/ Lindsey Hammond

 

Lindsey Hammond

Sr. Director, Global Talent

 

 

 

 

KLDiscovery Ontrack, LLC

8201 Greensboro Drive, Suite 300kldiscovery.com

McLean, VA 22102

 

 

 

___________________________________________________________________________

 

I accept the above change to my base salary and acknowledge that this change is now part of my employment agreement.

 

 

Signature/s/ Krystina Jones

 

Date5/7/2020

 

 

2

KLDiscovery Ontrack, LLC

8201 Greensboro Drive, Suite 300kldiscovery.com

McLean, VA 22102kld-ex105_15.htm

 

Exhibit 10.5

 

 

 

April 23, 2020

 

Christopher Weiler

 

 

Dear Mr. Weiler:

 

You were previously granted an award (the “RSU Award”) of 40,000 restricted stock units (“RSUs”) pursuant to the terms of the KLDiscovery Inc. 2019 Incentive Award Plan (the “Plan”) and an award agreement thereunder (the “RSU Agreement”).  As discussed, set forth below are the terms of our mutual agreement regarding changes in certain terms of the RSUs granted to you.

 

Effective as of the date hereof, you agree to forfeit, for no compensation, all 40,000 of the RSUs subject to the RSU Award (the “Forfeited RSUs”) so that the shares otherwise subject to the Forfeited RSUs may be allocated to other participants in the Plan.  You will cease to have any rights with respect to the Forfeited RSUs as of the date hereof.  

 

Except as expressly set forth in this letter agreement, the RSU Agreement and the terms of your other contracts and compensatory arrangements with the Company remain unchanged and continue in full force and effect in accordance with and subject to their terms.  For the avoidance of doubt, the Retained RSUs will continue to be subject to the terms of the Plan and the RSU Agreement.

 

This letter agreement will be governed by and construed in accordance with the laws of the State of Delaware, without giving effect to any choice or conflict of laws provision or rule that would cause the application of the laws of any other jurisdiction.

 

Please indicate your agreement to the foregoing by returning a countersigned copy of this letter to me.  

 

Sincerely,

 

/s/ Andy Southam

 

Andy Southam 

General Counsel 

 

 

Accepted and agreed:

 

/s/ Christopher Weiler

Christopher Weiler

 

KLDiscovery Inc

8201 Greensboro Drive, Suite 300kldiscovery.com

McLean, VA 22102kld-ex106_16.htm

 

Exhibit 10.6

 

 

 

April 23, 2020

 

Dawn Wilson

 

 

Dear Ms. Wilson:

 

You were previously granted an award (the “RSU Award”) of 125,000 restricted stock units (“RSUs”) pursuant to the terms of the KLDiscovery Inc. 2019 Incentive Award Plan (the “Plan”) and an award agreement thereunder (the “RSU Agreement”).  As discussed, set forth below are the terms of our mutual agreement regarding changes in certain terms of the RSUs granted to you.

 

Effective as of the date hereof, you agree to forfeit, for no compensation, 6,667 of the RSUs subject to the RSU Award (the “Forfeited RSUs”) so that the shares otherwise subject to the Forfeited RSUs may be allocated to other participants in the Plan.  You will cease to have any rights with respect to the Forfeited RSUs as of the date hereof.  The RSU Agreement is hereby amended so that the “Number of RSUs” set forth therein shall equal 118,333 (the “Retained RSUs”) which shall be reduced ratably from each vesting tranche. 

 

Except as expressly set forth in this letter agreement, the RSU Agreement and the terms of your other contracts and compensatory arrangements with the Company remain unchanged and continue in full force and effect in accordance with and subject to their terms.  For the avoidance of doubt, the Retained RSUs will continue to be subject to the terms of the Plan and the RSU Agreement.

 

This letter agreement will be governed by and construed in accordance with the laws of the State of Delaware, without giving effect to any choice or conflict of laws provision or rule that would cause the application of the laws of any other jurisdiction.

 

Please indicate your agreement to the foregoing by returning a countersigned copy of this letter to me.  

 

Sincerely,

 

/s/ Andy Southam

 

Andy Southam 

General Counsel 

 

 

Accepted and agreed:

 

/s/ Dawn Wilson

Dawn Wilson

 

KLDiscovery Inc

8201 Greensboro Drive, Suite 300kldiscovery.com

McLean, VA 22102kld-ex107_14.htm

 

Exhibit 10.7

 

 

 

April 23, 2020

 

Krystina Jones

 

Dear Ms. Jones:

 

You were previously granted an award (the “RSU Award”) of 40,000 restricted stock units (“RSUs”) pursuant to the terms of the KLDiscovery Inc. 2019 Incentive Award Plan (the “Plan”) and an award agreement thereunder (the “RSU Agreement”).  As discussed, set forth below are the terms of our mutual agreement regarding changes in certain terms of the RSUs granted to you.

 

Effective as of the date hereof, you agree to forfeit, for no compensation, 6,667 of the RSUs subject to the RSU Award (the “Forfeited RSUs”) so that the shares otherwise subject to the Forfeited RSUs may be allocated to other participants in the Plan.  You will cease to have any rights with respect to the Forfeited RSUs as of the date hereof.  The RSU Agreement is hereby amended so that the “Number of RSUs” set forth therein shall equal 33,333 (the “Retained RSUs”) which shall be reduced ratably from each vesting tranche. 

 

Except as expressly set forth in this letter agreement, the RSU Agreement and the terms of your other contracts and compensatory arrangements with the Company remain unchanged and continue in full force and effect in accordance with and subject to their terms.  For the avoidance of doubt, the Retained RSUs will continue to be subject to the terms of the Plan and the RSU Agreement.

 

This letter agreement will be governed by and construed in accordance with the laws of the State of Delaware, without giving effect to any choice or conflict of laws provision or rule that would cause the application of the laws of any other jurisdiction.

 

Please indicate your agreement to the foregoing by returning a countersigned copy of this letter to me.  

 

Sincerely,

 

/s/ Andy Southam 

 

Andy Southam 

General Counsel 

 

 

Accepted and agreed:

 

 

/s/ Krystina Jones

Krystina Jones

 

KLDiscovery Inc

8201 Greensboro Drive, Suite 300kldiscovery.com

McLean, VA 22102

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