Exhibit 10.21
June 14, 2002
Xx. Xxxxxxxxx X. Xxxxx
c/o Oplink Communications, Inc.
0000 Xxxxx Xxxxx Xxxxxx
Xxx Xxxx, Xxxxxxxxxx 00000
Dear Xx. Xxxxx:
This Letter Amendment amends the terms of your employment letter agreement with
Oplink Communications, Inc. (the "Company") dated November 7, 2001 (the
"Employment Agreement").
Paragraph 3(f) of the Employment Agreement is amended and restated in its
entirety as follows:
(f) Severance. Effective following the Annual Meeting, if you are
terminated without "Cause" during your employment with the Company, (1) the
Company will make severance payments to you in the form of continuation of your
base salary for a period of 12 months from the date of termination (subject to
applicable payroll deductions and required withholdings), (2) to the extent
provided by federal COBRA law and the Company's current group health insurance
policies, you will be eligible to continue your group health insurance benefits
(later, you may be able to convert to an individual policy through the provider
of the Company's health insurance, if you wish) and (3) the Company will, if you
timely elect continued coverage under COBRA, pay your COBRA premium for up to
eighteen (18) months of coverage; provided, with respect to each of clauses (1),
(2) and (3), that you provide the Company with a general release and waiver of
claims in a form reasonably acceptable to the Company and provided that you have
not otherwise materially breached your proprietary information agreement with
the Company.
If you accept the amendment to your Employment Agreement as set forth herein,
please sign and date the attached copy of this Letter Amendment and return that
copy to me.
Very truly yours,
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Xxxxxx X. Xxx
Chairman of the Board of Directors
Agreed:
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Xxxxxxxxx X. Xxxxx
