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Stock Option Agreements

Stock Option Agreement

Stock Option Agreements | Document Parties: TUMBLEWEED COMMUNICATIONS CORP You are currently viewing:
This Stock Option Agreement involves

TUMBLEWEED COMMUNICATIONS CORP

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Title: Stock Option Agreements
Date: 5/12/2008
Industry: Software and Programming     Sector: Technology

Stock Option Agreements, Parties: tumbleweed communications corp
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Exhibit 10.2

February 11, 2008

Nicholas W. Hulse

Dear Nick,

I am pleased to confirm that the Board of Directors has approved the amendment of your employment arrangement as follows

Termination . If (a) Tumbleweed terminates your employment for any reason other than Cause, your death, or Disability, or (b) you terminate your employment following a Constructive Termination, then, subject to your delivery of a signed release of claims in a form reasonably satisfactory to Tumbleweed, you will be entitled to (i) continuation for a period of nine months of your base salary, paid in accordance with Tumbleweed’s payroll practices, (ii) continuation for a period of nine months of the vesting of your then-outstanding Tumbleweed stock options, and (iii) continuation of your health benefits for nine months.

In the event of termination for Cause, you will not be entitled to any such payments, salary, bonus, or benefits.

In the event of termination as a result of your death or Disability, subject to the delivery by you o


 
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