Ortel - Letter Agreement
2
8/28/2015 Ortel - Letter Agreement http://webcache.googleusercontent.com/search?q=cache:dUQmDoq6bycJ:www.techagreements.com/agreement-preview.aspx%3Ft… 1/2 This is Google's cache of http://www.techagreements.com/agreementpreview.aspx?title=ortel%20%20letter%20agreement&num=95245. It is a snapshot of the page as it appeared on Jul 3, 2015 23:15:54 GMT. The current page could have changed in the meantime. Learn more Full version Textonly version View source Tip: To quickly find your search term on this page, press Ctrl+F or ⌘F (Mac) and use the find bar. Home > Agreement Preview This is an actual contract by Ortel . Letter Agreement View other agreements from Ortel Agreements Ortel Business Loan Agreement Ortel Amendment #2 To Business Loan Agreement Ortel Amended Equity Participation Plan Of Ortel Corp. Ortel Amended Change In Control Agreement Workman Ortel Amended Change In Control Agreement Boarts Looking for an agreement? Search from over 1 million agreements now. Sign in | Shopping Cart Home | About Us | FAQ | Subscription | Contact Us | Search here... Search This Document ORTEL CORPORATION 2015 West Chestnut Street Alhambra, California 91803 Telephone (626) 2813636 February 7, 2000 Stephen R. Rizzone Lucent Technologies Inc. Gentlemen: Reference is made to (i) the unanimous written consent of the Compensation Committee of the Board of Directors (the "Compensation Committee") of Ortel Corporation (the "Company"), dated January 20, 2000, a copy of which is attached hereto as Annex A (the "Resolutions"), and (ii) the Agreement and Plan of Merger dated as of February 7, 2000 (the "Merger Agreement"), by and among Lucent Technologies Inc., Solara Acquisition Inc. and the Company. Capitalized terms used but not defined herein shall have the respective meanings assigned to such terms in the Merger Agreement. In recognition of the contribution and importance of Stephen R. Rizzone to the Company (both in the past and in the future), the Compensation Committee approved the payment to Mr. Rizzone of cash in an aggregate amount equal to 1% of the value of the Company (the "Bonus"), which Bonus shall become payable as a result of the transactions contemplated by the Merger Agreement, upon the terms and subject to the conditions set forth in the Resolutions. In lieu of payment by the Company to Mr. Rizzone of the Bonus and for other good and valuable consideration described below, the Company agrees to pay to Mr. Rizzone an aggregate amount equal to $15,000,000 as follows: (i) the Company shall pay to Mr. Rizzone at the Closing $9,000,000 in nextday funds by check, as consideration for Mr. Rizzone exe Agreement Preview End of Preview Sectors: Telecommunications Governing Law: New York , View New York State Laws Effective Date: February 07, 2000
description
Ortel Steve Rizzone agreement
Transcript of Ortel - Letter Agreement
8/28/2015 Ortel - Letter Agreement
http://webcache.googleusercontent.com/search?q=cache:dUQmDoq6bycJ:www.techagreements.com/agreement-preview.aspx%3Ft… 1/2
This is Google's cache of http://www.techagreements.com/agreementpreview.aspx?title=ortel%20%20letter%20agreement&num=95245. It is a snapshot of the page as it appearedon Jul 3, 2015 23:15:54 GMT.
The current page could have changed in the meantime. Learn more
Full version Textonly version View source Tip: To quickly find your search term on this page, press Ctrl+F or ⌘F (Mac) and use the find bar.
Home > Agreement Preview
This is an actual contract by Ortel.Letter Agreement
View other agreements from Ortel AgreementsOrtel Business Loan AgreementOrtel Amendment #2 To Business Loan AgreementOrtel Amended Equity Participation Plan Of Ortel Corp.Ortel Amended Change In Control Agreement WorkmanOrtel Amended Change In Control Agreement Boarts
Looking for an agreement? Search from over 1 million agreements now.
Sign in | Shopping Cart
Home | About Us | FAQ | Subscription | Contact Us |
Search here...
Search This Document
ORTEL CORPORATION2015 West Chestnut StreetAlhambra, California 91803Telephone (626) 2813636
February 7, 2000
Stephen R. Rizzone Lucent Technologies Inc.
Gentlemen:
Reference is made to (i) the unanimous written consent of the Compensation Committee of the Board of Directors (the "Compensation Committee") of Ortel Corporation (the "Company"), dated January 20, 2000, a copy of which is attached hereto as Annex A (the "Resolutions"), and (ii) the Agreement and Plan of Merger dated as of February 7, 2000 (the "Merger Agreement"), by and among Lucent Technologies Inc., Solara Acquisition Inc. and the Company. Capitalized terms used but not defined herein shall have the respective meanings assigned to such terms in the MergerAgreement.
In recognition of the contribution and importance of Stephen R. Rizzone to the Company (both in the past and in the future), the Compensation Committee approved the payment to Mr. Rizzone of cash in anaggregate amount equal to 1% of the value of the Company (the "Bonus"), which Bonus shall become payable as a result of the transactions contemplated by the Merger Agreement, upon the terms and subject to the conditions set forth in the Resolutions.
In lieu of payment by the Company to Mr. Rizzone of the Bonus and for other good and valuable consideration described below, the Company agrees to pay to Mr. Rizzone an aggregate amount equal to$15,000,000 as follows:
(i) the Company shall pay to Mr. Rizzone at the Closing $9,000,000 innextday funds by check, as consideration for Mr. Rizzone exe
Agreement Preview
End of Preview
Sectors: TelecommunicationsGoverning Law: New York, View New York State LawsEffective Date: February 07, 2000
8/28/2015 Ortel - Letter Agreement
http://webcache.googleusercontent.com/search?q=cache:dUQmDoq6bycJ:www.techagreements.com/agreement-preview.aspx%3Ft… 2/2
Privacy Policy Terms of Service 66.249.64.144
© Copyright Socratek L.L.C. 2011
![Ortel introduces Free Broadband for all Ortel Cable TV Customers [Company Update]](https://static.fdocuments.us/doc/165x107/577cb4571a28aba7118c6bab/ortel-introduces-free-broadband-for-all-ortel-cable-tv-customers-company-update.jpg)
