EX-10.2
from 8-K
5 pages
Letter Agreement This Letter Agreement (“Agreement”) Is Made Effective as of December 8, 2023 (“Effective Date”), by and Between Axon Enterprise, Inc., a Delaware Corporation (“Company”), and Patrick W. Smith (“Executive”), Also Referred to Herein Each Individually as “Party” or Collectively as “Parties”. Recitals Whereas, Executive Has Exercised Several Tranches of Stock Options Granted Under Executive’s 2018 Grant of Performance-Based Stock Options (The “Specified Options”); Whereas, Executive Wishes to Donate All or a Portion of the Specified Shares (As Defined Below) Acquired Upon the Exercise of the Specified Options to Charitable Causes; Whereas, Pursuant to the Award Agreement (As Defined Below), the Specified Shares May Not Be Sold, Transferred, Pledged, Assigned or Otherwise Alienated or Hypothecated (The “Restrictions”) Until May 14, 2024 (The “Holding Period Expiration”); and Whereas, Executive Wishes to Make a Charitable Gift of All or a Portion of the Specified Shares to a Donor Advised Fund Prior to the Holding Period Expiration and Company Desires to Facilitate Such Action. Now, Therefore, in Consideration of the Mutual Promises Contained Herein, Company and Executive Each Intending to Be Legally Bound, Covenant and Agree as Follows: Agreement
12/34/56