EMPLOYMENT AGREEMENTEmployment Agreement • April 13th, 2011 • Skype S.a r.l. • Services-prepackaged software • California
Contract Type FiledApril 13th, 2011 Company Industry JurisdictionEMPLOYMENT AGREEMENT (this “Agreement”), dated as of April 7, 2011, by and among Skype Inc., a Delaware corporation (the “Company”), and Jonathan Chadwick (the “Executive”).
EMPLOYMENT AGREEMENTEmployment Agreement • March 4th, 2011 • Skype S.a r.l. • Services-prepackaged software • Delaware
Contract Type FiledMarch 4th, 2011 Company Industry Jurisdictionany equity awards for which the exercise price exceeds the then fair market value of the underlying equity; (2) reduction of cash payments (with such reduction being applied to the payments in the reverse order in which they would otherwise be made, that is, later payments shall be reduced before earlier payments); and (3) cancellation of acceleration of vesting of equity awards not covered under (1) above; provided, however, that in the event that acceleration of vesting of equity awards is to be cancelled, such acceleration of vesting shall be cancelled in the reverse order of the date of grant of such equity awards, that is, later equity awards shall be canceled before earlier equity awards; and further provided, that to the extent permitted by Code Section 409A and Sections 280G and 4999 of the Code, if a different reduction procedure would be permitted without violating Code Section 409A or losing the benefit of the reduction under Sections 280G and 4999 of the Code, the executive
EMPLOYMENT AGREEMENTEmployment Agreement • March 4th, 2011 • Skype S.a r.l. • Services-prepackaged software • New York
Contract Type FiledMarch 4th, 2011 Company Industry Jurisdictionreverse order in which they would otherwise be made, that is, later payments shall be reduced before earlier payments); and (3) cancellation of acceleration of vesting of equity awards not covered under (1) above; provided, however, that in the event that acceleration of vesting of equity awards is to be cancelled, such acceleration of vesting shall be cancelled in the reverse order of the date of grant of such equity awards, that is, later equity awards shall be canceled before earlier equity awards; and further provided, that to the extent permitted by Code Section 409A and Sections 280G and 4999 of the Code, if a different reduction procedure would be permitted without violating Code Section 409A or losing the benefit of the reduction under Sections 280G and 4999 of the Code, the executive may designate a different order of reduction.
EMPLOYMENT AGREEMENTEmployment Agreement • March 4th, 2011 • Skype S.a r.l. • Services-prepackaged software • New York
Contract Type FiledMarch 4th, 2011 Company Industry Jurisdictionreverse order in which they would otherwise be made, that is, later payments shall be reduced before earlier payments); and (3) cancellation of acceleration of vesting of equity awards not covered under (1) above; provided, however, that in the event that acceleration of vesting of equity awards is to be cancelled, such acceleration of vesting shall be cancelled in the reverse order of the date of grant of such equity awards, that is, later equity awards shall be canceled before earlier equity awards; and further provided, that to the extent permitted by Code Section 409A and Sections 280G and 4999 of the Code, if a different reduction procedure would be permitted without violating Code Section 409A or losing the benefit of the reduction under Sections 280G and 4999 of the Code, the executive may designate a different order of reduction.