Active Network Inc – Separation and Severance Agreement (May 23rd, 2013)
This Separation and Severance Agreement (Separation Agreement) is made by and between The Active Network, Inc. (Company) and David Alberga (Employee) with respect to the following facts:
Active Network Inc – To: Sheryl Roland From: Dave Alberga Date: July 15, 2010 Re: Change in Control Agreement (February 14th, 2011)
The Active Network, Inc. (the Company) considers it essential to the best interests of its stockholders to foster the continuous employment of the Companys key management personnel. In this regard, the Companys Board of Directors (the Board) recognizes that the possibility of a change in control of the Company may exist in the future and the uncertainty and questions that it may raise among management could result in the departure or distraction of management personnel to the detriment of the Company and its shareholders.