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Exhibit 10.60
April 16, 1997
Xx. Xxx Xxxxx
00000 Xxxxxx Xxxx
Xxxxxxx, Xxxxxxxx 00000
Re: Amended and Restated Employment Agreement (the "Agreement")
Dear Xxx:
As we discussed and in addition to the compensation and benefits set
forth in the Agreement, Wang Laboratories, Inc. ("Wang") hereby agrees to
pay you an interim, one time, bonus for your performance with respect to
I-NET, Inc. for the fiscal year ending December 31, 1996 in the before tax
amount of $54,250.00 (the "1996 Bonus").
The 1996 Bonus will be paid to you in shares of Wang's Common Stock as
soon as practicable following the filing of a registration statement
regarding these shares with the Securities and Exchange Commission. The
number of shares that will be issued to you will be determined by dividing
the 1996 Bonus amount, as adjusted for all applicable taxes, by the per
share closing price of $18.50 of Wang's Common Stock on April 8, 1997.
I look forward to working with you in your new position as President
of I-NET and Vice Chairman of Wang.
Best Regards,
/s/ Xxxxxx X. Xxxxx
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Xxxxxx X. Xxxxx
Accepted and Agreed to:
By: /s/ Xxx Xxxxx
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Xxx Xxxxx
