Exhibit 10.7
BE
--
June 22, 1998
Xx. Xxxxxx Xxxx
0000 Xxxxxxxx Xxxxx
Xxxxx Xxxx, Xx 00000
Dear Xxx:
This letter outlines the terms and conditions of your employment as Chief
Financial Officer of Be Incorporated and replaces your Employment Agreement
dated October 12, 1994. By signing this letter you agree with the terms and
conditions of this Agreement and release the Company from any obligations
contained in the agreement dated October 12, 1994.
EQUITY IN BE INCORPORATED
-------------------------
On April 26, 1996 you were granted an Incentive Stock Option to purchase 250,000
shares of common stock. For past services provided to the Company since your
hire date of November 7, 1994, these shares are considered fully vested.
On March 31, 1998 you were granted an additional Incentive Stock Option to
purchase 250,000 shares of common stock of the Company with the terms and
conditions as shown in your Incentive Stock Option Agreement dated March 31,
1998.
TERMINATION OF EMPLOYMENT
-------------------------
If your employment is terminated without cause or resulting from a change in
control you will be paid (6) six months salary and the company will provide all
company paid benefits for a period of six months from the date of the written
notice.
If you agree with the terms and conditions of this Agreement, please indicated
by signing in the space below.
Sincerely,
/s/ Xxxx-Xxxxx Xxxxxx
Xxxx-Xxxxx Xxxxxx
Agreed to and accepted by: /s/ Xxxxxx X. Xxxx
________________________________________________________________________________
President & CEO Be Incorporated
(000) 000-0000
(000) 000-0000 Fax 000 Xx Xxxxxx Xxxx, Xxxxx 000
e-mail: xxx@xx.xxx Xxxxx Xxxx, Xxxxxxxxxx 00000
