SEPARATION AGREEMENT AND GENERAL RELEASESeparation Agreement • November 4th, 2004 • San Holdings Inc • Computer storage devices
This Separation Agreement and General Release, dated November 1, 2004, is by and between Michael J. Phelan (“Employee”) and SANZ Inc. (the “Company”, and collectively with SAN Holdings, Inc., Solunet Storage, Inc. and Solunet Storage Holding Corp., the “Corporate Group”).
Amendment to Grant AgreementGrant Agreement • November 4th, 2004 • San Holdings Inc • Computer storage devices
This Amendment to Grant Agreement, dated as of November 1, 2004, is entered into by and between SAN Holdings, Inc. (the “Company”) and Michael J. Phelan (the “Optionee”) to amend in certain respects that certain Grant Agreement (the “Grant Agreement”) dated as of December 18, 2003 (the “Effective Date”) evidencing the Company’s grant of an option (the “Option”) to Optionee pursuant to the provisions of the SAN Holdings, Inc. 2003 Stock Option Plan (the “Plan”). The Grant Agreement originally covered 1,100,000 shares of Company common stock (the “Shares”). Capitalized terms not defined herein are used as defined in the Grant Agreement or in the Plan.
