February 5, 2019 Tim Stone Via Email Re: Transition Agreement Tim, This letter outlines the terms of your voluntary resignation from Snap Inc. (“Snap”).
Exhibit 10.26
February 5, 2019
Xxx Xxxxx
Via Email
Re: Transition Agreement
Xxx,
This letter outlines the terms of your voluntary resignation from Snap Inc. (“Snap”).
|
|
2. |
Following your execution of our standard separation agreement, including a release, and expiration of any required rescission period, Snap will: |
|
|
• |
waive your obligation to reimburse Snap for your relocation expenses, which you would otherwise be responsible for reimbursing; and |
|
|
• |
accelerate the vesting of any unvested equity awards already granted to you, that vest pursuant to a monthly schedule, that are scheduled to vest through February 15, 2019. |
|
|
3. |
You confirm that this transition is not related to any disagreement with Snap on any matter relating to Snap’s accounting, strategy, management, operations, policies, regulatory matters, or practices (financial or otherwise). |
If this agreement is acceptable to you, please sign below and return the original to Snap.
Sincerely,
|
/s/ Xxxx X’Xxxxxxxx |
|
|
|
Xxxx X’Xxxxxxxx, General Counsel |
|
|
Accepted and agreed:
|
/s/ Xxx Xxxxx |
|
|
|
Xxx Xxxxx |
|
|
|
February 5, 2019 |
|
|
|
|
Date |
|
|
|
