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Employee Retention Agreement > Re:
Employment Agreement, dated December 6, 2002 (the "Employment Agreement"), between Clarus Corporation (the "Company") and Warren B. Kanders
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EXHIBIT 10.1
WARREN B. KANDERS
Clarus
Corporation
One Landmark
Square
Stamford, CT
06901
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Employment
Agreement, dated December 6, 2002 (the “Employment
Agreement”), between Clarus Corporation (the
“Company”) and Warren B. Kanders
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In order to facilitate the Company’s
efforts to reduce its level of operating expenses pending
consummation of the Asset Redeployment Transaction (defined below),
the undersigned agreed with the Company and its board of
directors to defer payments of his base compensation of
$250,000 under the Employment Agreement, which shall accrue in
full, until the consummation of an Asset Redeployment
Transaction. Upon the consummation of an Asset
Redeployment Transaction, all such base compensation that has been
deferred hereunder shall be paid promptly by the Company to the
undersigned. The term “Asset Redeployment Transaction”
shall mean a strategic redeployment of a substantial portion of the
assets of the Comp
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