Exhibit 10.28
AMENDMENT TO
EXECUTIVE TRANSITION AGREEMENT
(“Amendment”)
WHEREAS, Thomas D. Kampfer
(“Executive”) and Iomega Corporation previously entered
into an Executive Transition Agreement (“Transition
Agreement”), with an effective date of July 26, 2005;
and
WHEREAS, the parties have now
mutually agreed to amend the Transition Agreement.
NOW, THEREFORE, the parties agree as
follows:
Amendment.
The Transition Agreement is hereby
amended as set forth below.
Transition.
Section 1 of the Transition
Agreement is deleted and replaced as follows:
“The parties agree that
Executive will remain employed by Iomega until February 15,
2006 (“Transition Period”).”
Duties. Section 2 of the Transition Agreement is
deleted and replaced as follows:
“During the Transition Period,
Executive will continue to report directly to Iomega’s chief
executive officer (“CEO”). Executive’s duties
will consist of the following activities:
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Begin the
transition of duties from the current Chief Financial Officer
(“CFO”) and ensure an orderly transition by
November 11, 2005.
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On
November 11, 2005, assume the role of Interim CFO, including
responsibility for the finance, accounting, tax, treasury, investor
relations and legal functions.
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Complete the
transition of REV OEM and business development activities to the
Senior Director, REV Global Strategic Development by
November 14, 2005.
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