TERMINATION AGREEMENTTermination Agreement • January 29th, 2024 • Irobot Corp • Household appliances
This Termination Agreement (this “Agreement”), dated as of January 28, 2024, is by and between Amazon.com, Inc., a Delaware corporation (“Parent”), Martin Merger Sub, Inc., a Delaware corporation and a wholly owned Subsidiary of Amazon (“Merger Sub”), and iRobot Corporation, a Delaware corporation (the “Company” and, together with Parent and Merger Sub, the “Parties”). Capitalized terms used but not defined herein have the respective meanings given to them in the Merger Agreement (as defined below).
Re: Transitional Services and Separation AgreementTransitional Services and Separation Agreement • January 29th, 2024 • Irobot Corp • Household appliances • Massachusetts
This letter agreement follows our conversations regarding your employment with iRobot Corporation (the “Company”). This confirms that you will be transitioning from your roles as Chief Executive Officer and Chairman of the Board of Directors of the Company (the “Board”) and, ultimately, from your employment with the Company. The Company greatly appreciates your years of service to the Company and would like to make this transition as smooth as possible. Consistent with that, the Company is offering you an opportunity continue your at-will employment during a transition period and receive pay and benefits in connection therewith.
