1
EXHIBIT 10.30
[LETTERHEAD]
November 18, 1997
BY HAND
Xxxxx Xxxxxxxx
This letter serves as an amendment to your employment agreement with First
Virtual Holdings, Incorporated, dated April 16th, 1997 as follows:
1. APPOINTMENT AS PRESIDENT:
Xxxxx Xxxxxxxx is elected to the position of President of the Company reporting
directly to the Chairman and CEO.
2. OPTION GRANT:
Xxxxx Xxxxxxxx is granted an additional option to purchase 100,000 shares
of the Company's Common Stock, with a price per share of Common Stock at a
price equal to the fair market value of the Company's Common Stock as of
October 10th, 1997 ("Options). The shares subject to this Option will vest
and become exercisable to the extent of 25% of the shares subject to the
Option on the first anniversary of the vesting commencement date, and an
additional 1/48th of the shares subject to the Option at the end of each
one-month period thereafter provided in each case that you remains an
employee or consultant of the Company. Further, as a condition to this
Option grant you will execute an Incentive Stock Option Agreement, in the
standard form previously approved by the Board.
3. 1998 BONUS:
The Company agrees to pay you a bonus on January 15th, 1998 of $83,000,
provided you are still an employee of the Company on January 15th, 1998.
No other provision of your employment agreement is hereby changed.
Sincerely,
/s/ XXX X. XXXXX
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Xxx X. Xxxxx
Chairman and CEO
Accepted:
/s/ XXXXX XXXXXXXX
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Xxxxx Xxxxxxxx
