FOURTH AMENDMENT TO
EMPLOYMENT AGREEMENT
THIS FOURTH AMENDMENT to Employment Agreement is made as of this 20th
day of November 1995, between Optical Coating Laboratory, Inc., having
its principal place of business at ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇,
▇▇▇▇▇▇▇▇▇▇ ("Employer"), and EMPLOYEE NAME ("Employee").
RECITALS
WHEREAS, Employer and Employee executed an Employment Agreement as of
November 20, 1987 (the "Agreement"); and
WHEREAS, Employer and Employee desire to amend the Agreement as set
forth herein;
NOW, THEREFORE, the Employment Agreement is amended in its entirety as
follows:
First sentence of Paragraph 2 of the Agreement:
"Employer hereby agrees to employ Employee, and Employee hereby agrees
to be employed by Employer, commencing on November 20, 1995 and ending
on November 20, 1997, subject to the terms and provisions herein;
provided, however, that if a Change in Control occurs within such
period, Employee's employment hereunder shall be extended for two (2)
years from the date of occurrence of the Change in Control."
Insertion of new Section 6:
"6. Acceleration of Unvested Stock Options. Upon a Change in Control
as defined herein, all unvested outstanding stock options held by
Employee shall be immediately exercisable."
IN WITNESS WHEREOF, parties hereto have executed this Amendment as of
the date first above written.
OPTICAL COATING LABORATORY, INC.
By_________________________________________
EMPLOYEE
___________________________________________
Address:
___________________________________________
___________________________________________
