001-33685 | 37-1434895 | |
(Commission File Number) | (IRS Employer Identification No.) |
| If the executive is terminated without cause or resigns for good reason upon the consummation of, within three (3) months prior to, or eighteen (18) months following, a change in control of the company, then the executive shall receive: |
| a lump sum payment equal to the sum of twelve (12) months of his base salary then in effect and the actual cash bonus paid in the most recently completed fiscal year, less applicable withholdings; and |
| if the executive was enrolled in a group health plan (e.g., medical, dental, or vision plan) sponsored by the company immediately prior to termination, and if the executive (or his eligible dependents) timely elects to continue such coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985 (together with any state law of similar effect, COBRA), the company will pay to the insurance carrier(s) the full amount of the premiums due for the executive and his eligible dependents for the first twelve (12) months of such coverage under COBRA (or until such earlier time as the executive and/or his eligible dependents are no longer eligible for COBRA coverage or the executive is eligible to obtain group health plan coverage through another employer). |
| In addition, the automatic termination date included in Messrs. Judds and Bells executive employment agreements was extended to February 3, 2012. Messrs. Sorans, Guiders and Aszmanns executive employment agreements do not contain a similar automatic termination date. |
Exhibit | Description | |
10.8
|
Amended and Restated Employment Agreement, by and between Compellent Technologies, Inc. and Philip E. Soran, dated February 3, 2010. | |
10.9
|
Amended and Restated Employment Agreement, by and between Compellent Technologies, Inc. and John P. Guider, dated February 3, 2010. | |
10.10
|
Amended and Restated Employment Agreement, by and between Compellent Technologies, Inc. and Lawrence E. Aszmann, dated February 3, 2010. |
Exhibit | Description | |
10.11
|
Amended and Restated Employment Agreement, by and between Compellent Technologies, Inc. and John R. Judd, dated February 3, 2010. | |
10.12
|
Amended and Restated Employment Agreement, by and between Compellent Technologies, Inc. and Brian P. Bell, dated February 3, 2010. |
Compellent Technologies, Inc. |
||||
Date: February 3, 2010 | By: | /s/ John R. Judd | ||
John R. Judd | ||||
Chief Financial Officer |
Exhibit | Description | |
10.8
|
Amended and Restated Employment Agreement, by and between Compellent Technologies, Inc. and Philip E. Soran, dated February 3, 2010. | |
10.9
|
Amended and Restated Employment Agreement, by and between Compellent Technologies, Inc. and John P. Guider, dated February 3, 2010. | |
10.10
|
Amended and Restated Employment Agreement, by and between Compellent Technologies, Inc. and Lawrence E. Aszmann, dated February 3, 2010. | |
10.11
|
Amended and Restated Employment Agreement, by and between Compellent Technologies, Inc. and John R. Judd, dated February 3, 2010. | |
10.12
|
Amended and Restated Employment Agreement, by and between Compellent Technologies, Inc. and Brian P. Bell, dated February 3, 2010. |