AMENDED AND RESTATED CHANGE OF CONTROL AGREEMENTChange of Control Agreement • June 7th, 2010 • Matrixx Initiatives Inc • Pharmaceutical preparations • Arizona
The Compensation Committee of the Board of Directors believes that it is in the best interests of Matrixx Initiatives, Inc. (“Matrixx”) and its shareholders to take appropriate steps to allay any concerns you may have about your future employment opportunities with Matrixx and its subsidiaries (Matrixx and its subsidiaries are collectively referred to as the “Company”). Accordingly, the Company previously offered to you benefits substantially similar to those contained herein pursuant to that separate [Amended and Restated] Change of Control Agreement, executed between you and the Company on [_______________] (the “Previous Agreement”). Currently, the Company desires to amend and restate the Previous Agreement to incorporate certain amendments intended to address guidance issued by the Internal Revenue Service regarding Internal Revenue Code (the “Code”) Section 409A. As a result, the Compensation Committee has decided to offer to you the benefits described below, which shall amend, re
