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Retention Incentive Award: If you qualify for a Retention Incentive, you
will be eligible to receive an incentive payment tied to and conditioned on your continued employment with the Company, as follows:
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| 2. |
Eligibility: To qualify for a “Retention Incentive,” you must remain
employed with the Company, and in good standing, until the end of the period set forth in Section 1 above, and you must comply with the confidentiality requirement set forth below. If you voluntarily resign or are terminated for performance
reasons, including, but not limited to, termination for cause or gross misconduct, you will forfeit your eligibility for the incentive.
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| 3. |
Form and Timing of Payment. The Retention Incentive shall be paid in a
lump sum. It shall be subject to tax-related deductions and withholdings applicable to lump sum employment income. The Company shall pay you the Retention Incentive within thirty (30) days after you meet the requirements for the Retention
Incentive.
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| 4. |
Confidentiality. This program has been designed specifically for a limited
number of employees. Therefore, a condition to your entitlement to the Retention Incentive is that you shall not disclose the existence or terms of this arrangement to any other employee of the Company. Of course, you may discuss the terms
of this arrangement with Human Resources personnel for the purpose of addressing any matters concerning the administration of this arrangement, and you understand that the Company will be required to make certain disclosures pursuant to its
obligations as a public company under Securities and Exchange Commission rules.
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| 5. |
Preservation of At-Will Employment. Nothing in this letter changes the
at-will nature of your employment with the Company.
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Sincerely,
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/s/ James Clemmer
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Acknowledged and agreed:
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[Employee Name]
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