EX-10.1
from 8-K
2 pages
Quantum Corporation 224 Airport Parkway Suite 550 San Jose, Ca 95110 USA +1 [408] 944-4000 Mr. John R. Tracy via Electronic Mail June 12, 2024 Dear John: We Are Pleased to Offer You the Opportunity to Serve on the Board of Directors (The Board) of Quantum Corporation (Quantum), Effective Upon Your Signing and Returning This Letter and Following the Board’s Approval of Your Appointment, Which Is Anticipated to Begin June 18, 2024
12/34/56
EX-10.3
from 8-K
7 pages
Quantum Corporation Individual Indemnification Agreement This Indemnification Agreement (“Agreement”) Is Made as of This Day of , , by and Between Quantum Corporation, a Delaware Corporation (The “Company”) and (“Indemnitee”), an Officer, Director, or Other Executive of the Company. Whereas, the Company and Indemnitee Recognize the Increasing Difficulty in Obtaining Directors’ and Officers’ Liability Insurance, the Significant Increases in the Cost of Such Insurance and the General Reductions in the Coverage of Such Insurance; and Whereas, the Company and Indemnitee Further Recognize the Substantial Increase in Corporate Litigation Subjecting Officers and Directors to Expensive Litigation Risks at the Same Time That Liability Insurance Has Been Severely Limited; and Whereas, Indemnitee Does Not Regard the Current Protection Available as Adequate Given the Present Circumstances, and Indemnitee and Other Officers and Directors of the Company May Not Be Willing to Serve as Officers and Directors Without Adequate Protections; and Whereas, the Company Desires to Attract and Retain the Services of Highly Qualified Individuals, Such as Indemnitee, to Serve as Officers and Directors of the Company and to Indemnify Its Officers and Directors as to Provide Them With the Maximum Protection Permitted by Law. Now, Therefore, the Company and Indemnitee Hereby Agree as Follows: 1. Indemnification
12/34/56
