Sample Business Contracts

Consulting Agreement - Tarantella Inc. and Alok Mohan

Sponsored Links

To:            Alok Mohan

From:          Doug Michels

Date:          November 26, 2001

Subject:       Consulting Agreement

As we have discussed, the continuation of your consulting agreement with the
Company is important to Tarantella's success. We have agreed to maintain your
current terms for the next calendar year. As in 2001, this agreement is based on
25% of your time.

       -      Term of the agreement shall be for one year commencing January 1,
              2002 and will be renewable by mutual agreement of both parties
              with approval by the Compensation Committee.

       -      As compensation for your consulting services to Tarantella, you
              shall receive a fee targeted at $180,000 per year paid as

              -      $90,000 annually (paid monthly at $7500 per month) as a
                     retainer for your services.

              -      $90,000 annually (paid quarterly) as a target incentive.
                     Incentive payments shall be made solely based upon
                     Tarantella's performance against its Revenue and Operating
                     Income measures paid in accordance with the provisions of
                     the Tarantella Management Incentive Plan.

              -      In accordance with Tarantella's's policy, as an ex-CEO and
                     member of Tarantella's Board of Directors, you will
                     continue to be covered under the Company's medical, dental
                     and vision plans. There will be no coverage for life
                     insurance or disability due to your change in status from
                     an employee.

This agreement supercedes any and all prior agreements between you and the
Company. Compensation paid to you will be in lieu of other compensation normally
accorded to members of the Company's Board of Directors. While covered under
this agreement you will specifically not receive compensation for your
participation on the Board or for attendance at committee meetings and/or board
meetings and will not be entitled to additional stock options granted to board
members on an annual basis.

By signing below, I am agreeing to the provisions of this agreement and waive my
right to receive such compensation and stock options as normally accorded
members of the Board.

------------------------------                            ---------------
Agreed: Alok Mohan                                             Date