Affidavit, Release & Waiver of Claims Article I Consideration (March 15th, 2007)
This Affidavit, Release & Waiver of Claims (Release) is given to OpenTV, Inc. (the Company) and its affiliates in consideration of the Companys agreement to provide me, Mazin S. Jadallah, with the following as provided by my Retention Agreement, dated July 26, 2004 (the Retention Agreement), as modified by this Release, my Stock Option Agreements as modified by the provisions of this Release, and as otherwise agreed by me and the Company under the terms set forth herein:
July 26, 2004 Dear Maz: (March 16th, 2005)
I am pleased to offer you the position of Senior Vice President of Strategic Development, reporting directly to me in my capacity as Chief Executive Officer. You shall have the rights, powers, duties and obligations relating to such office as are customarily associated with such office and such other rights, powers, duties and obligations as we may agree upon from time to time. Your principal place of work, subject to reasonable and customary travel, shall be at the OpenTV offices located in San Francisco, California, and you will be expected to relocate to the San Francisco Bay area within a reasonable period of time after you have accepted this offer. Your employment will commence on July 26, 2004 if you determine to accept this offer.