Tarantella Inc – To: Stephen Bannerman Vice President, Chief Marketing Officer (February 14th, 2005)
Tarantella, Inc., a California corporation (the Company), considers it essential to the best interests of its shareholders to take reasonable steps to retain key management personnel. Further, the Board of Directors of the Company, through its Compensation Committee (the Committee) recognizes that the uncertainty and questions which might arise among management in the context of a change in control of the Company could result in the distraction or departure of management personnel to the detriment of the Company and its shareholders.
Tarantella Inc – September 29, 2004 Dear Chris: (December 29th, 2004)
This letter sets forth the substance of the Change of Control Agreement (the Agreement) which Tarantella Inc. (the Company) is offering to you.