Common Contracts
2 similar General Release and Agreement contracts by Safeguard Scientifics Inc
Anthony Ibarguen Safeguard Scientifics, Inc. 435 Devon Park Drive Wayne, PA 19087 Dear Mr. Ibarguen:General Release and Agreement • November 9th, 2004 • Safeguard Scientifics Inc • Services-business services, nec • Pennsylvania
You previously entered into an employment letter agreement with Safeguard Scientifics, Inc. (“Safeguard”) on January 2, 2002 (the “Prior Agreement”). Safeguard considers it essential to the best interests of its stockholders to foster your continued employment with Safeguard and to offer you protection in the event of your severance, including following a change of control. Accordingly, the Board of Directors of Safeguard (the “Board”) believes it is now appropriate to modify your Prior Agreement in certain respects and to reaffirm its obligation to you in this letter (the “New Agreement”). Accordingly, this New Agreement serves to amend and restate in its entirety Section 6 of the Prior Agreement. Consequently the Prior Agreement shall remain in full force and effect except that the provisions of Section 6 thereof shall be replaced in their entirety and shall be superseded by the New Agreement.
Safeguard Scientifics, Inc. 800 The Safeguard Building 435 Devon Park Drive Wayne, PA 19087 (610) 293-0060 (610) 293-0601 (General Fax)General Release and Agreement • November 9th, 2004 • Safeguard Scientifics Inc • Services-business services, nec • Pennsylvania
You previously entered into a severance agreement with Safeguard Scientifics, Inc. (“Safeguard”) on January 1, 2003 (the “Prior Agreement”). Safeguard considers it essential to the best interests of its stockholders to foster your continued employment with Safeguard and to offer you protection in the event of your severance, including following a change of control. Accordingly, the Board of Directors of Safeguard (the “Board”) believes it is now appropriate to modify your Prior Agreement in certain respects and to reaffirm its obligation to you in this letter (the “New Agreement”). Accordingly, this New Agreement serves to amend and restate the Prior Agreement in its entirety.
