SECOND AMENDMENT TO EMPLOYMENT AGREEMENTEmployment Agreement • February 27th, 2020 • Evans & Sutherland Computer Corp • Miscellaneous electrical machinery, equipment & supplies • Utah
This SECOND AMENDMENT TO EMPLOYMENT AGREEMENT (this “Amendment”) is entered into as of February 9, 2020, by and between Evans & Sutherland Computer Corporation, a Utah corporation (the “Company”) and Jonathan Shaw (the “Executive”).
February 9, 2020 Via FedEx Jonathan Shaw Spitz Inc. Chadds Ford, PA 19317 Re: Transaction Bonus Dear Jon:Transaction Bonus Agreement • February 27th, 2020 • Evans & Sutherland Computer Corp • Miscellaneous electrical machinery, equipment & supplies
In connection with the transaction identified internally and with the proposed acquirer of Evans & Sutherland Computer Corporation (the “Company”) as “Project Phan,” we consider your continued service and dedication to the Company essential to the consummation of that Project. To incentivize you to remain employed with the Company, we are pleased to offer you a transaction bonus, as described in this letter agreement.
COMPENSATORY AWARD TERMINATION AGREEMENTCompensatory Award Termination Agreement • February 27th, 2020 • Evans & Sutherland Computer Corp • Miscellaneous electrical machinery, equipment & supplies • Utah
This Compensatory Award Termination Agreement (this “Agreement”) dated [•], 2020 is made by and between Evans & Sutherland Computer Corporation, a Utah corporation (the “Company”) and [•], an individual (“Grantee”). This Agreement shall be effective immediately prior to the Closing of the Merger (as defined below). Capitalized terms not defined herein have the meanings set forth in the Merger Agreement (as defined below).
February 9, 2020 Via FedEx Kirk Johnson Evans & Sutherland Computer Corporation Salt Lake City, UT 84108 Re: Transaction Bonus Dear Kirk:Transaction Bonus Agreement • February 27th, 2020 • Evans & Sutherland Computer Corp • Miscellaneous electrical machinery, equipment & supplies
In connection with the transaction identified internally and with the proposed acquirer of Evans & Sutherland Computer Corporation (the “Company”) as “Project Phan,” we consider your continued service and dedication to the Company essential to the consummation of that Project. To incentivize you to remain employed with the Company, we are pleased to offer you a transaction bonus, as described in this letter agreement.
