Exhibit 10.15
EDEN Bioscience Corporation
0000 Xxxxx Xxxxx Xxxxxxx
Xxxxxxx, XX 00000-0000
January 28, 2002
Xx. Xxxxxxx X. Xxxxxx
Interim President
EDEN Bioscience Corporation
0000 Xxxxx Xxxxx Xxxxxxx
Xxxxxxx, XX 00000-0000
Dear Xxxx:
This will confirm our agreement regarding severance benefits. You are an
employee at will and your employment can be terminated with or without cause at
any time at the option of EDEN Bioscience or yourself. If your employment is
terminated at the option of the company, your then-current base salary will be
continued for a period of six (6) months, provided that the termination is not
based upon fraud, criminal activity or breach of your fiduciary duties. The
six-month severance will be paid in the regular course of the company's payroll
and will be subject to your normal deductions.
Yours very truly,
/s/ Xxxxxxx X. Xxxxxxxxxxxx
Xxxxxxx X. Xxxxxxxxxxxx
Chairman of the Board of Directors
Accepted:
/s/ Xxxxxxx X. Xxxxxx
---------------------------------
Xxxxxxx X. Xxxxxx
Date: February 8, 2002
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