Retention Bonus Letter Agreement Sample Contracts

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RETENTION BONUS LETTER AGREEMENT ADDENDUM
Retention Bonus Letter Agreement • May 14th, 2003 • Legato Systems Inc • Services-prepackaged software

Subparagraph (iii) of Paragraph A of Part Two of your January 20, 2003 retention bonus letter agreement with the Company contains an incorrect formula for determining your bonus allocation in the event the change in control proceeds payable in connection with an acquisition of Legato Systems, Inc. are more than $ 1 Billion but less than $1.25 Billion. The correct formula is set forth below and replaces and supersedes the formula contained in your retention bonus letter agreement.

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