December 8, 2004 Robert A. Whitman 2200 West Parkway Blvd. Salt Lake City, Utah 84119 Re: Cancellation of Employment Agreement Dear Bob:Franklin Covey Co • December 14th, 2004 • Blankbooks, looseleaf binders & bookbindg & relatd work
This letter memorializes the agreement between you and the Board of Directors of Franklin Covey, Co. (the “Company”) regarding your cancellation of your employment agreement with the Company dated September 1, 2000. During the course of discussions with the Organization and Compensation Committee of the Board of Directors regarding proposed amendments to the Employment Agreement entered into by you and the Company on September 1, 2000 (the “Employment Agreement”), you volunteered to simply terminate the Agreement, which would otherwise continue through August 31, 2007, and continue your service as Chairman of the Board, President and Chief Executive Officer of the Company at the pleasure of the Board.
AMENDED AND RESTATED OPTION AGREEMENT for the FRANKLIN COVEY CO. 1992 STOCK INCENTIVE PLAN (Nonqualified Options)Amended and Restated Option Agreement • December 14th, 2004 • Franklin Covey Co • Blankbooks, looseleaf binders & bookbindg & relatd work • Utah
THIS AMENDED AND RESTATED OPTION AGREEMENT (the “Agreement”), made and entered into effective as of the eighth day of December, 2004, by and between Franklin Covey Co., a Utah corporation (the “Company”), and Robert A. Whitman (“Optionee”), amends and restates the terms of the Option Agreement entered into by the parties dated September 1, 2000. Capitalized terms used herein without definition shall have the meanings set forth in the Franklin Covey Co. 1992 Stock Incentive Plan, as amended from time to time (the “Plan”).
AGREEMENT FOR THE ISSUANCE OF RESTRICTED SHARES UNDER THE FRANKLIN COVEY CO. AMENDED AND RESTATED 1992 STOCK INCENTIVE PLANAgreement • December 14th, 2004 • Franklin Covey Co • Blankbooks, looseleaf binders & bookbindg & relatd work • Utah
THIS AGREEMENT FOR THE ISSUANCE OF RESTRICTED SHARES (the “Agreement”) is made and entered into effective December 8, 2004, by and between FRANKLIN COVEY CO., a Utah corporation (the “Company”), and Robert A. Whitman (the “Key Employee”). Capitalized terms used herein without definition shall have the meanings set forth in the Franklin Covey Co. Amended and Restated 1992 Stock Incentive Plan, as amended from time to time (the “Plan”).
