CASH RETENTION AGREEMENTCash Retention Agreement • April 26th, 2017 • Red Hat Inc • Services-computer programming, data processing, etc. • North Carolina
This letter, upon your countersignature below, sets forth our agreement with you concerning the potential for you to receive payment in connection with your employment by Red Hat, Inc. (or the “Company”).
CONFIDENTIAL DRAFTConfidential Draft • April 26th, 2017 • Red Hat Inc • Services-computer programming, data processing, etc. • North Carolina
This Agreement (the “Agreement”) is made between Red Hat, Inc., a Delaware corporation (collectively with each of its subsidiaries, the “Company”), and Eric R. Shander (“Employee”), a “U.S. employee” (as shown on the Company’s payroll records on the Effective Date (as defined below)) who has been selected by the Company’s Chief People Officer for participation in the Red Hat, Inc. Designated U.S. Manager Severance Plan (the “Severance Plan”) as of November 24, 2015 (the “Effective Date”).
