Common Contracts
2 similar Change of Control Agreement contracts by Symmetricom Inc
Change of Control Agreement Company Confidential February 8, 2002Change of Control Agreement • May 14th, 2002 • Symmetricom Inc • Telephone & telegraph apparatus
The Board and I expect that from time to time Symmetricom will entertain the possibility of acquiring other companies, or merging with other companies in one or more transactions. The Board recognizes that this can be a distraction to valued executives such as you and could prompt executives such as you to consider alternative employment possibilities. The Board has determined that it is in the best interests of Symmetricom and its stockholders to assure that Symmetricom will have the continued dedication and objectivity of its key executives, should we entertain transactions, which could result in a change of control. For this reason, on behalf of the Board of Directors of Symmetricom, Inc., I am pleased to deliver this letter setting forth certain compensation related arrangements that will apply to you in the event that the Symmetricom experiences a “Change of Control” (as that term is defined later in this letter) as set forth herein.
Change of Control Agreement Company Confidential February 8, 2002Change of Control Agreement • May 14th, 2002 • Symmetricom Inc • Telephone & telegraph apparatus
The Board and I expect that from time to time Symmetricom will entertain the possibility of acquiring other companies, or merging with other companies in one or more transactions. The Board recognizes that this can be a distraction to valued executives such as you and could prompt executives such as you to consider alternative employment possibilities. The Board has determined that it is in the best interests of Symmetricom and its stockholders to assure that Symmetricom will have the continued dedication and objectivity of its key executives, should we entertain transactions which could result in a change of control. For this reason, on behalf of the Board of Directors of Symmetricom, Inc., I am pleased to deliver this letter setting forth certain compensation related arrangements that will apply to you in the event that the Symmetricom experiences a “Change of Control” (as that term is defined later in this letter) as set forth herein.
