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Sample Business ContractsHome: Sample Business Contracts:
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November 19, 1998
Mr. Eric Di Benedetto
Convergence Partners
3000 Sand Hill Road
Building 2, Suite 235
Menlo Park, CA 94025-7116
Re: SALARY CONTINUATION AND OPTION VESTING
Dear Eric:
This will confirm our agreement that notwithstanding any provision
in my offer letter dated June 27, 1997 to the contrary, if my employment is
involuntarily terminated by the Company other than for "cause" (defined to
include failure to follow the written directions of the Board, dishonesty,
gross misconduct, fraud or conviction of a felony), or if I resign for "good
reason" (defined to include demotion, salary reduction or relocation), I will
receive salary continuation at my current rate of salary and continuation of
my option or restricted stock vesting for a period of twelve months following
such termination.
Very truly yours,
/s/ Charles W. Berger
Charles W. Berger
AGREED AND ACCEPTED
IMGIS, INC.
By: /s/ Eric Di Benedetto
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Date: 2-25-99
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