EX-10.2
from 10-Q
5 pages
1. Upon the Effective Date of This Letter Agreement, the Company Will Extend a Severance Payment to You Representing Wages in Lieu of Notice, in the Amount of Up to a Maximum of Thirty-Nine (39) Weeks of Base Pay (The “Severance Payment Period”). This Severance Payment Will Be Made to You on a Bi-Weekly Basis (Following Vignette’s Current Pay Period Schedule). if You Are Rehired by Vignette or if You Are Hired by Any Other Employer, at Any Time During the Severance Payment Period, Your Severance Payments Will Cease as of the Effective Date of Your Such Hire, Provided That if Your Base Salary Is Less Than the Bi-Weekly Amount of Your Severance Payment, Vignette Will Continue to Pay to You the Amount of the Difference Between the Amounts for the Duration of the Severance Payment Period
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EX-10.1
from 10-Q
5 pages
1. Upon the Effective Date of This Letter Agreement, the Company Will Extend a Severance Payment to You Representing Wages in Lieu of Notice, in the Amount of Twenty Two (22) Weeks of Base Pay. This Severance Payment Will Be Made to You on a Bi-Weekly Basis (Following Vignette’s Current Pay Period Schedule). 2. With Respect to Your Stock Option and Restricted Stock Grants, Your Vesting Will End September 8, 2006 (The Termination Date). After the Termination Date, You Will Have 90 Days in Which to Exercise Any Options in Which You Are Vested
12/34/56