Re: Amendment to Change in Control AgreementEmagin Corp • October 18th, 2023 • Semiconductors & related devices • Delaware
In consideration for your services as a senior executive of eMagin Corporation, you and the Company have agreed to amend (this “Amendment”) the Change in Control Agreement (the “Agreement”) between you and the Company, dated as of November 8, 2017, as set forth below, effective as of the date you execute this Amendment.
Re: Transaction Bonus AgreementMerger Agreement • October 18th, 2023 • Emagin Corp • Semiconductors & related devices • Delaware
As you know, eMagin Corporation, a Delaware corporation (the “Company”), has entered into an Agreement and Plan of Merger (the “Merger Agreement”), dated May 17, 2023, with Samsung Display Co., Ltd., a Korean corporation (“Parent”), and the other parties enumerated therein, pursuant to which the Company will become an indirect wholly owned subsidiary of Parent (the “Transaction”). In consideration for your efforts in connection with the Transaction, the Company is pleased to offer you the opportunity to receive an employee transaction bonus if you agree to the terms and conditions contained in this letter agreement (this “Agreement”), which shall be effective as of the date you execute and return a copy of this Agreement. In the event the Merger Agreement is terminated in accordance with its terms, this Agreement shall be null and void.
