SEC Contract Filing

Filing Date: 2017-09-06

Document Content:
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<TYPE>EX-10.1
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<FILENAME>d648450dex101.htm
<DESCRIPTION>EX-10.1
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.1 </B></P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[COMPANY LETTERHEAD] </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">September&nbsp;5, 2017 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">[NAME] </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">[ADDRESS] </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">[ADDRESS] </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
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<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">Re:</TD>
<TD ALIGN="left" VALIGN="top">Success Bonus </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Dear [<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>]; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As you know, today the Board of Directors (the &#147;Board&#148;) of [&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;]
(the &#147;Company&#148;) approved a [definitive merger agreement (the &#147;Merger Agreement&#148;) under which the Company will be acquired by [&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;] (the &#147;Parent&#148;)]
(the &#147;Proposed Transaction&#148;). In recognition of your efforts in helping the Company achieve this milestone, and to encourage you to work diligently to achieve a timely closing of the Proposed Transaction, the Board also approved a success
bonus for you equal to $[&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;] (the &#147;Success Bonus&#148;). The Success Bonus will be payable to you on the date the Proposed Transaction closes (the &#147;Closing Date&#148;)
or the first payroll date following the Closing Date, provided that you remain continuously employed by the Company through the Closing Date. If the Proposed Transaction has not closed by 210 days following the date of the signing of the Merger
Agreement, or if the Merger Agreement is terminated, then you will not be entitled to receive the Success Bonus. If the Merger Agreement is materially amended prior to the Closing Date, the Board retains the discretion to terminate or modify this
letter agreement and the terms of the Success Bonus. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Your Success Bonus will be subject to customary deductions and withholdings. Nothing
contained in this letter modifies the &#147;at-will&#148; status of your employment or guarantees you any right to remain employed by the Company. This letter agreement shall be binding upon and inure to the benefit of any successor of the Company.
No provision of this letter agreement may be amended, modified or waived unless such amendment, modification or waiver is agreed to in writing and signed by you and the Company. This letter agreement may be executed in two counterparts each of which
shall be deemed an original and both of which together shall constitute one and the same instrument. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Please contact Doug King if you have
any questions regarding the foregoing. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Sincerely, </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Accepted this &nbsp;&nbsp;&nbsp;&nbsp;day of September, 2017. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:26%">&nbsp;</P>
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