JNI LOGO] JNI Corporation 10945 Vista Sorrento Parkway San Diego, CA 92130 September 13, 2002 Paul Kim Re: Twelve-Month Retention Agreement Dear Paul,Jni Corp • March 28th, 2003 • Semiconductors & related devices
This letter outlines JNI Corporation’s (“JNI”) Twelve-Month Retention Agreement (the “Agreement”) to be effective as of September 1, 2002, offered specifically to you as a designated member of JNI’s senior management team by the Board of Directors. JNI’s purpose in offering you this severance package is to ensure your continued full attention and dedication to the performance of your job duties and to provide you with compensation upon an involuntary termination without Cause (as defined below) during the next twelve (12) months (September 1, 2002 through August 31, 2003, hereinafter referred to as the “Severance Period”).
SEVERANCE AND CHANGE OF CONTROL AGREEMENTSeverance and Change of Control Agreement • March 28th, 2003 • Jni Corp • Semiconductors & related devices • California
THIS SEVERANCE AND CHANGE OF CONTROL AGREEMENT (the “Agreement”) is made effective of June 21, 2002, between JNI Corporation, a Delaware corporation (“JNI”), and Paul Kim (“Employee”), subject to JNI’s Board of Directors’ approval.
