HAYDEN Sample Clauses

HAYDEN s/ David Hxxxxx -------------------------------------- (Signature) Address: ------------------------------ -------------------------------------- Facsimile: ---------------------------- CRITICAL PATH, INC. By:/s/ William McGlashan ----------------------------------- Title: Interim CEO -------------------------------- Address: ------------------------------ -------------------------------------- attn. to: ----------------------------- FULL RECOURSE PROMISSORY NOTE $1,500,000 San Francisco, California August 13, 2001 For value received, the undersigned promises to pay Critical Path, Inc., a California corporation (the "Company"), at its principal office the principal sum of $1,500,000 with interest from the date hereof at a rate of 6.75% per annum, compounded annually, on the unpaid balance of such principal sum. Such principal and interest shall be due and payable on August 13, 2004, and interest shall be due and payable annually before August 13th of each year until paid in full. Such due date shall be extended by two years if he undersigned's employment with the Company is terminated either without Cause or for Good Reason (as defined in the undersigned's employment agreement with the Company). If the undersigned's employment or directorship with the Company is terminated for Cause prior to payment in full of this Note, this Note shall be immediately due and payable. Principal and interest are payable in lawful money of the United States of America. PRINCIPAL AMOUNTS DUE UNDER THIS NOTE MAY BE PREPAID WITHOUT PENALTY. Should suit be commenced to collect any sums due under this Note, such sum as the Court may deem reasonable shall be added hereto as attorneys' fees. The makers and endorsers have severally waived presentment for payment, protest, notice of protest, and notice of nonpayment of this Note. This Note is a full recourse note. /s/ David Hayden David C. Hayden CRITICAL PATH, INC. 1998 STOCK PLAN AMENDED AND RESTATED NONSTATUTORY STOCK OPTION AGREEMENT Critical Path, Inc., a California corporation (the "Company"), granted an Option on July 31, 2001 to purchase shares of its common stock (the "Shares") to the Optionee named below. The terms and conditions of that Option grant, as amended and restated, are set forth in this cover sheet, the attachment, the Company's 1998 Stock Plan (the "Plan") and in the Optionee's employment agreement with the Company dated August 1, 2001. Date of Option Grant: July 31, 2001 ----------------------------- Name of Op...
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