April 20, 2001 Sandra Poole-Christal
EXHIBIT 10.19
April 20, 2001
Xxxxxx Xxxxx-Xxxxxxxx
000 Xxxxxxxx #000
Xxx Xxxxxxx, Xxxxx 00000
Dear Xxxxx:
On January 1, 1998 you and GlobalSCAPE, Inc. (“GlobalSCAPE”) signed a letter under which GlobalSCAPE granted you an option to purchase 291,429 shares of GlobalSCAPE for $0.10 (ten cents) per share with the Option vesting over a three year period beginning January 1, 1998 (the “First Option”).
Effective April 20, 2001, you and GlobalSCAPE executed a Release and Indemnity Agreement (the “Release”) in connection with the First Option and other matters. As part of the Consideration, as that term is defined in the Release, GlobalSCAPE agrees as follows:
For each share issued by GlobalSCAPE pursuant to the First Option, GlobalSCAPE shall pay you a bonus of $0.0868 per share plus a gross-up percentage per share of $0.0868 times the lower of 38% or the highest percentage tax bracket applicable to your income.
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Sincerely, |
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/s/ Xxx Xxxxxxxx |
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Xxx Xxxxxxxx |
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Chief Executive Officer |