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EXHIBIT 10.34
April 17, 1998
Xxxxxxx X. Xxxxx
00 Xxxxxxxxx Xxxxx
Xxxxxxxx, XX 00000
Dear Charlie:
This letter will confirm our agreement that pursuant to the decision of the
Board of Directors at its meeting on March 31, 1998, you will serve as a
consultant to Fresh Choice, Inc. (the "Company") on matters that may arise from
time to time, solely at the request of the Board of Directors or the President.
In consideration for your agreement to serve the Company in this capacity, the
Board of Directors has granted you options to purchase 50,000 shares of the
Company's Common Stock under its 1988 Stock Option Plan. The $70,000 cash
compensation to be paid to you annually (prorated for partial years) during the
balance of your current term as Director and Chairman of the Board (i.e. March
3, 1998 until the annual meeting of the stockholders in 2000) will also serve as
consideration for your agreement to serve the Company as a consultant.
If this confirms your understanding of the agreement, please sign each copy of
this letter, retain one copy for your records and return one to my attention.
With Best Regards,
FRESH CHOICE, INC.
/s/ Xxxxxxx X. Xxxxxxxxx
Xxxxxxx X. Xxxxxxxxx
President & CEO
Agreed and accepted this 17th day of April, 1998.
/s/ Xxxxxxx X. Xxxxx
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Xxxxxxx X. Xxxxx
