Employment Agreement - Sun Microsystems Inc. and Patricia Sueltz
September 5, 2002
Patricia Sueltz
Executive Vice President, Sun Services
Sun Microsystems
Dear Pat,
Congratulations on a great Fiscal 2002 and on your new role with Sun. Your
contributions to Sun Microsystems and leadership of the Sun Services
organization are absolutely critical to our success, and we want to recognize
your value to this organization in a meaningful way.
In addition to your FY02 bonus, you are being awarded an extraordinary bonus of
$380,000 (gross). This special bonus recognizes your outstanding performance in
preparing the Software organization for the change in leadership and smoothly
assuming your new role leading Sun Services. In addition, this is intended to
serve as a tangible indicator of our desire to retain you as a key member of
Sun's senior leadership team.
$190,000 will be paid to you as soon as practicable. The remaining $190,000 will
be paid to you on October 3, 2003 provided you do not voluntarily terminate your
employment with Sun and you are not terminated for cause prior to that date.
This letter supercedes any previous letters on this subject matter.
Pat, I look forward to working with you during FY03 and beyond to meet our
challenges and achieve our objectives.
Regards,
/s/ Scott G. McNealy
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Scott G. McNealy
Chairman, CEO and President
Sun Microsystems
PERSONAL & CONFIDENTIAL