ContractLone Star Steakhouse & Saloon Inc • April 25th, 2001 • Retail-eating places
April 18, 2001 Mr. John D. White c/o 224 East Douglas Suite 700 Wichita, Kansas 67202 Dear John: This letter shall clarify our understanding of certain provisions of the Change of Control Contract dated January 3, 2001 between the Company and you (the "Contract"). All capitalized terms used herein and not otherwise defined shall have the same meaning ascribed to them in the Contract. The second paragraph of Section 2.2(c) of the Contract shall be clarified to confirm that the amount of cash per stock option paid to you should you elect the alternative to the Option Replacement under this paragraph shall be reduced by the full exercise price of each such option. In addition, Section 2.3 of the Contract shall be clarified to confirm that the Gross-up Payment shall be in an amount such that the net amount to be retained by you, reduced by any federal, state, and local taxes and determined after the calculation and deduction of any Excise Tax on the Base Payment and any federal, state, and
ContractLone Star Steakhouse & Saloon Inc • April 25th, 2001 • Retail-eating places
April 18, 2001 Mr. Jeffrey S. Bracken c/o 224 East Douglas Suite 700 Wichita, Kansas 67202 Dear Jeff: This letter shall clarify our understanding of certain provisions of the Change of Control Contract dated January 3, 2001 between the Company and you (the "Contract"). All capitalized terms used herein and not otherwise defined shall have the same meaning ascribed to them in the Contract. The second paragraph of Section 2.2(c) of the Contract shall be clarified to confirm that the amount of cash per stock option paid to you should you elect the alternative to the Option Replacement under this paragraph shall be reduced by the full exercise price of each such option. In addition, Section 2.3 of the Contract shall be clarified to confirm that the Gross-up Payment shall be in an amount such that the net amount to be retained by you, reduced by any federal, state, and local taxes and determined after the calculation and deduction of any Excise Tax on the Base Payment and any federal, state
ContractLone Star Steakhouse & Saloon Inc • April 25th, 2001 • Retail-eating places
April 18, 2001 Mr. T. D. O'Connell c/o 224 East Douglas Suite 700 Wichita, Kansas 67202 Dear T.D.: This letter shall clarify our understanding of certain provisions of the Change of Control Contract dated January 3, 2001 between the Company and you (the "Contract"). All capitalized terms used herein and not otherwise defined shall have the same meaning ascribed to them in the Contract. The second paragraph of Section 2.2(c) of the Contract shall be clarified to confirm that the amount of cash per stock option paid to you should you elect the alternative to the Option Replacement under this paragraph shall be reduced by the full exercise price of each such option. In addition, Section 2.3 of the Contract shall be clarified to confirm that the Gross-up Payment shall be in an amount such that the net amount to be retained by you, reduced by any federal, state, and local taxes and determined after the calculation and deduction of any Excise Tax on the Base Payment and any federal, state, a
ContractLone Star Steakhouse & Saloon Inc • April 25th, 2001 • Retail-eating places
April 18, 2001 Mr. Jamie B. Coulter c/o 5251 Spring Valley Road Dallas, Texas 75240 Dear Mr. Coulter: This letter shall clarify our understanding of certain provisions of the Change of Control Contract dated January 3, 2001 between the Company and you (the "Contract"). All capitalized terms used herein and not otherwise defined shall have the same meaning ascribed to them in the Contract. The second paragraph of Section 2.2(c) of the Contract shall be clarified to confirm that the amount of cash per stock option paid to you should you elect the alternative to the Option Replacement under this paragraph shall be reduced by the full exercise price of each such option. In addition, Section 2.3 of the Contract shall be clarified to confirm that the Gross-up Payment shall be in an amount such that the net amount to be retained by you, reduced by any federal, state, and local taxes and determined after the calculation and deduction of any Excise Tax on the Base Payment and any federal, state
ContractLone Star Steakhouse & Saloon Inc • April 25th, 2001 • Retail-eating places
April 18, 2001 Ms. Deidra Lincoln c/o 5251 Spring Valley Road Dallas, Texas 75240 Dear Dee: This letter shall clarify our understanding of certain provisions of the Change of Control Contract dated January 3, 2001 between the Company and you (the "Contract"). All capitalized terms used herein and not otherwise defined shall have the same meaning ascribed to them in the Contract. The second paragraph of Section 2.2(c) of the Contract shall be clarified to confirm that the amount of cash per stock option paid to you should you elect the alternative to the Option Replacement under this paragraph shall be reduced by the full exercise price of each such option. In addition, Section 2.3 of the Contract shall be clarified to confirm that the Gross-up Payment shall be in an amount such that the net amount to be retained by you, reduced by any federal, state, and local taxes and determined after the calculation and deduction of any Excise Tax on the Base Payment and any federal, state, and loca
ContractLone Star Steakhouse & Saloon Inc • April 25th, 2001 • Retail-eating places
April 18, 2001 Mr. Randall H. Pierce c/o 224 East Douglas Suite 700 Wichita, Kansas 67202 Dear Randy: This letter shall clarify our understanding of certain provisions of the Change of Control Contract dated January 3, 2001 between the Company and you (the "Contract"). All capitalized terms used herein and not otherwise defined shall have the same meaning ascribed to them in the Contract. The second paragraph of Section 2.2(c) of the Contract shall be clarified to confirm that the amount of cash per stock option paid to you should you elect the alternative to the Option Replacement under this paragraph shall be reduced by the full exercise price of each such option. In addition, Section 2.3 of the Contract shall be clarified to confirm that the Gross-up Payment shall be in an amount such that the net amount to be retained by you, reduced by any federal, state, and local taxes and determined after the calculation and deduction of any Excise Tax on the Base Payment and any federal, state
ContractLone Star Steakhouse & Saloon Inc • April 25th, 2001 • Retail-eating places
April 18, 2001 Mr. Gerald T. Aaron c/o 224 East Douglas Suite 700 Wichita, Kansas 67202 Dear Jerry: This letter shall clarify our understanding of certain provisions of the Change of Control Contract dated January 3, 2001 between the Company and you (the "Contract"). All capitalized terms used herein and not otherwise defined shall have the same meaning ascribed to them in the Contract. The second paragraph of Section 2.2(c) of the Contract shall be clarified to confirm that the amount of cash per stock option paid to you should you elect the alternative to the Option Replacement under this paragraph shall be reduced by the full exercise price of each such option. In addition, Section 2.3 of the Contract shall be clarified to confirm that the Gross-up Payment shall be in an amount such that the net amount to be retained by you, reduced by any federal, state, and local taxes and determined after the calculation and deduction of any Excise Tax on the Base Payment and any federal, state,
