As of October 26, 1999
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▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇
Re: Deferral of Year 2000 Compensation
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Dear ▇▇▇:
Pursuant to this letter, Giga Information Group, Inc. (the "Company")
hereby confirms its understanding with you concerning your deferral of certain
compensation under your employment agreement with the company, dated May 13,
1999 (the "Employment Agreement").
You voluntarily have agreed to defer receipt, without interest, of
the calendar year 2000 base salary and bonus earned by you under your Employment
Agreement until the Company's first pay period in January 2001.
If at any time during the year 2000 your employment with the Company
is terminated without "Cause" (as defined in your Employment Agreement), you
shall be entitled to receive, as promptly as possible following your
termination, your pro rata portion of your calendar year 2000 base salary and
bonus through and including the date of termination based on the actual number
of business days elapsed.
If at any time during the year 2000 your employment with the Company
is terminated with "Cause" or you decide to voluntarily terminate your
employment, you shall be entitled to receive your pro rata portion of your
calendar year 2000 base salary and bonus through and including the date of
termination based on the actual number of business days elapsed; provided,
however, that you shall not be entitled to receive such amounts until the
Company's first pay period in January 2001.
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Page 2
If the foregoing is in accordance with your understanding of our
agreement, kindly sign the enclosed copy of this letter where indicated below,
whereupon this letter shall constitute an agreement between us with respect to
the subject matter hereof.
Sincerely,
GIGA INFORMATION GROUP, INC.
By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
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Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Title: Senior Vice President
Accepted and agreed to:
/s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇
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