INTERPOOL, INC. 211 College Road East Princeton, New Jersey 08540Letter Agreement • March 31st, 2006 • Interpool Inc • Services-equipment rental & leasing, nec • New Jersey
Contract Type FiledMarch 31st, 2006 Company Industry JurisdictionThis letter agreement (this “Agreement”) confirms the agreement between Interpool, Inc. (the “Company”) and you to cancel the stock appreciation rights (the “SARs”) granted to you pursuant to Section 6(e) of your employment agreement with the Company, dated as of July 1, 2004 (the “Employment Agreement”), in exchange for the grant of a stock option under the 2004 Stock Option Plan for Key Employees and Directors of Interpool, Inc. (the “2004 Stock Option Plan”) and payments of cash to be made by the Company in the future.
Mr. Richard W. Gross Interpool, Inc. 211 College Road East Princeton, New Jersey 08540 RE: Cancellation of Stock Appreciation Rights Dear Mr. Gross:Letter Agreement • March 31st, 2006 • Interpool Inc • Services-equipment rental & leasing, nec • New Jersey
Contract Type FiledMarch 31st, 2006 Company Industry JurisdictionThis letter agreement (this “Agreement”) confirms the agreement between Interpool, Inc. (the “Company”) and you to cancel the stock appreciation rights (the “SARs”) granted to you pursuant to Section 6(e) of your employment agreement with the Company, dated as of July 1, 2004 (the “Employment Agreement”), in exchange for the grant of a stock option under the 2004 Stock Option Plan for Key Employees and Directors of Interpool, Inc. (the “2004 Stock Option Plan”) and payments of cash to be made by the Company in the future.