Re: Offer Letter AmendmentOffer Letter Amendment • February 28th, 2013 • Sapient Corp • Services-computer integrated systems design
This letter serves as your and our agreement that you will not be entitled to any such Severance unless your release of claims is delivered to Sapient and becomes irrevocable within fifty-three (53) days of the effective date of your termination of employment. The Severance payments will commence within seven (7) days after your release becomes irrevocable and, once they commence, will include any unpaid amounts accrued from the date of your termination of employment. Furthermore, if that aggregate sixty (60) day period should happen to begin in one taxable year and end in another taxable year, any payment of Severance (i) payable in that sixty (60) day period and (ii) which constitutes deferred compensation within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended (“Section 409A”) shall not be paid earlier than the second of those taxable years. This amendment is intended to assure the continued compliance of your Agreement with Section 409A, and shall be int
December 15, 2010 Alan Wexler Dear Mr. Wexler,Severance Agreement • February 28th, 2013 • Sapient Corp • Services-computer integrated systems design
This letter clarifies the letter agreement between you and Sapient Corporation (the “Company”) of April 1, 2002 (the “2002 Letter”) concerning your compensation rate and your entitlement to severance benefits upon termination of employment by the Company without Cause (as defined below). In that regard, the third paragraph of the 2002 Letter is amended in its entirety as follows:
