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Re: Employment Agreement, dated December 6, 2002 (the "Employment Agreement"), between Clarus Corporation (the "Company") and Warren B. Kanders

Employee Retention Agreement

Re:
Employment Agreement, dated December 6, 2002 (the You are currently viewing:
This Employee Retention Agreement involves

CLARUS CORP

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Title: Re: Employment Agreement, dated December 6, 2002 (the "Employment Agreement"), between Clarus Corporation (the "Company") and Warren B. Kanders
Governing Law: New York     Date: 8/6/2009
Industry: Misc. Financial Services     Sector: Financial

Re:
Employment Agreement, dated December 6, 2002 (the
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EXHIBIT 10.1

 

WARREN B. KANDERS

 

 

 

 

August 6, 2009

 

 

Clarus Corporation

One Landmark Square

Stamford, CT 06901

 

 

 

Re:

Employment Agreement, dated December 6, 2002 (the “Employment Agreement”), between Clarus Corporation (the “Company”) and Warren B. Kanders

 

Dear Sirs:

 

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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