Change of Control Agreement [Amendment No. 1] - McAfee.com Corp. and Evan Collins
FIRST AMENDMENT TO THE CHANGE OF CONTROL AGREEMENT
This First Amendment to Change of Control Agreement (this "Amendment")
effective as of August 1, 2001, (the "Effective Date") is entered into by and
between Mcafee.com Corporation, a Delaware corporation having a principal
office located at 535 Oakmead Parkway, Sunnyvale, California 94085
("McAfee.com"), and Evan Collins ("Executive").
WITNESSETH:
WHEREAS, effective as of July 14, 2000, McAfee.com and Executive entered
into that certain Change of Control Agreement (the "Agreement"), a true and
correct copy of which was attached as Exhibit 10.18 to the Registration
Statement on Form S-1 for McAfee.com filed with the Securities and Exchange
Commission;
WHEREAS, the parties desire to amend the Agreement in certain respects.
NOW THEREFORE, in exchange for the mutual promises and covenants contained
herein, and other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the parties hereto agree to be legally bound
as follows.
1. CONFIRMATION
The Agreement is ratified and confirmed in accordance with its terms.
2. DEFINITIONS
Unless otherwise defined herein, all capitalized terms shall have the
meanings ascribed to them in the Agreement.
3. AMENDMENTS TO THE AGREEMENT
3.1 Section 1(c), Definitions, "Change of Control" is amended to insert
a new subsection (iv) which shall read as follows:
"or (iv) the acquisition of all or substantially all of the issued
and outstanding common stock of the Company by Network Associates,
Inc. or a wholly owned subsidiary of Network Associates, Inc."
3.2 Section 1(d), Definitions, "Good Reason" is amended to insert a new
parenthetical after the words "materially less stature or responsibility"
which shall read as follows:
"(provided, however, that in the event of a Change of Control
pursuant to Section 1(c)(iv), it shall not be considered a demotion,
a material reduction or a material, adverse change hereunder if
Executive is appointed to, and Executive accepts, the position of
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Controller or business unit controller of Network Associates, Inc.
reporting directly to the Chief Financial Officer of Network Associates,
Inc.)"
3.3 Section 15 is hereby amended by deleting the stated address of McAfee.com
Corporation and inserting the following in lieu thereof:
"535 Oakmead Parkway
Sunnyvale, California 94085"
3.4 Section 15 is further amended by adding the following: "Copies of any
notices given hereunder shall be simultaneously given to:
Kent H. Roberts,
Executive Vice President and General Counsel
Network Associates, Inc.
13465 Midway Road
Dallas, Texas 75244"
4. GENERAL
This Amendment is subject to all of the terms and conditions of the Agreement,
as amended. The Agreement and each provision thereof shall continue in full
force and effect unless specifically amended by this Amendment. In the event of
a conflict between the Agreement and this Amendment, this Amendment shall
control.
MCAFEE.COM CORPORATION
By:
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Print Name: Evan Collins
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Title:
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