Amendment to Offer Letter dated January 27, 2004 between Raindance Communication, Inc. and Donald F. Detampel, Jr.
EXHIBIT 10.18.2
Amendment to Offer Letter dated January 27, 2004
between Raindance Communication, Inc. and Xxxxxx X. Xxxxxxxx, Xx.
between Raindance Communication, Inc. and Xxxxxx X. Xxxxxxxx, Xx.
January 23, 2006
Xxx Xxxxxxxx
000 Xxxxxx Xxxxxx
Xxxxxx, XX 00000
000 Xxxxxx Xxxxxx
Xxxxxx, XX 00000
Re: Amendment to Offer Letter
Dear Don:
This letter amends the offer letter previously provided to you by Raindance Communications, Inc.
(the “Company”), dated January 27, 2004, as amended (the “Offer Letter”). Except as specifically
set forth below, all provisions of the Offer Letter will remain in full force and effect and all
capitalized terms used herein not defined in this letter will have the meanings in the Offer
Letter.
The Offer Letter is hereby amended to add the following as new paragraph 12(f), to read as follows:
“(f) Deferred Compensation. In the event that the Company determines that any cash
severance payment benefit to be provided pursuant to this Agreement or otherwise
fails to satisfy the distribution requirement of Section 409A(a)(2)(A) of the Code
as a result of Section 409A(a)(2)(B)(i) of the Code, then the payment of such
benefits shall be accelerated from the original payment schedule to the minimum
extent necessary to avoid the application of Section 409A(a)(1) of the Code. (The
payment schedule as revised after the application of the preceding sentence shall be
referred to as the “Revised Payment Schedule.”) However, in the event the
accelerated payment of such benefits would not avoid the application of Section
409A(a)(1) of the Code, the payment of such benefits shall not be made pursuant to
the original payment schedule or the Revised Payment Schedule and instead the
payment of such benefits shall be delayed to the minimum extent necessary so that
such benefits are not subject to the provisions of Section 409A(a)(1) of the Code.
Please sign below if you agree and accept the foregoing terms.
Sincerely,
Raindance Communications, Inc.
By:
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/s/ Xxxxxxxxx Xxxxxxxxxx | |||
Title:
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General Counsel | |||
I have read and agree to the terms and conditions contained herein:
/s/ Xxx Xxxxxxxx
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1/23/06 | |||
Xxx Xxxxxxxx
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Date |