Exhibit 10W
December 12, 1995
Xx. Xxxxx A. Xxxxx
Xxxxx Ventures
The Colonnade
0000 Xxxxxxx Xxxxxxxxx
Xxxxxx Xxxxxx, XX 00000
Dear Xx. Xxxxx:
The purpose of this letter is to set forth the terms on which you will
provide services for Computer Network Technology Corporation (the "Company") on
a part-time, independent contractor basis, as its Vice Chairman of the Board.
When countersigned by you where indicated below, this letter will constitute a
legally binding agreement, enforceable in accordance with its terms.
During the term of your services under this Agreement (the "Term"), you
will provide such services as the Company may reasonably require of you as its
Vice Chairman of the Board, on a part-time basis. It is presently anticipated
that during the Term you will devote approximately one to two days per week
during normal business hours to the performance of services on behalf of the
Company pursuant to this Agreement. The Company recognizes that you have other
business and personal commitments that generally require a minimum of two
business days of your time per week.
As consideration for the services to be provided by you pursuant to this
Agreement, the Company will pay you a fee at the rate of $8,000 per calendar
month during the Term (prorated for any partial calendar month during the Term).
The Term may be terminated by either you or the Company, at any time, with
or without cause.
Xx. Xxxxx X. Xxxxx
December 12, 1995
Page 2
If the foregoing accurately reflects our agreement with respect to the
matters addressed, please countersign this letter where indicated below and
return a fully executed copy to the Company.
Very truly yours,
COMPUTER NETWORK TECHNOLOGY
CORPORATION
By /s/ Xxxxx X. Xxxxxxx
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Its President
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AGREED TO AND ACCEPTED:
/s/ Xxxxx X. Xxxxx
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Xxxxx X. Xxxxx
