Re: Acceleration of Certain CompensationHarman International Industries Inc /De/ • December 19th, 2016 • Household audio & video equipment
This letter memorializes our recent discussions concerning tax planning in connection with the anticipated 2017 consummation of the transactions contemplated by the Agreement and Plan and Merger, by and among Samsung Electronics Co., Ltd., Samsung Electronics America, Inc., Silk Delaware, Inc. (“Silk”), and Harman International Industries, Incorporated (the “Company”), dated as of November 14, 2016 (the “Merger Agreement”). The Company has determined, subject to your agreement to the terms set forth herein, to accelerate the vesting and payment of certain compensation that otherwise is expected to become vested and payable in future years as described herein.
Re: Acceleration of Certain CompensationHarman International Industries Inc /De/ • December 19th, 2016 • Household audio & video equipment
This letter memorializes our recent discussions concerning tax planning in connection with the anticipated 2017 consummation of the transactions contemplated by the Agreement and Plan and Merger, by and among Samsung Electronics Co., Ltd., Samsung Electronics America, Inc., Silk Delaware, Inc. (“Silk”), and Harman International Industries, Incorporated (the “Company”), dated as of November 14, 2016 (the “Merger Agreement”). The Company has determined, subject to your agreement to the terms set forth herein, to accelerate the vesting and payment of certain compensation that otherwise is expected to become vested and payable in future years as described herein.
