Employment Agreemetn – Liberate Technologies and Phil Vachon
June 30, 2000
Mr. Phil Vachon
Senior Vice President, Worldwide Sales
Liberate Technologies
c/o 2 Circle Star Way
San Carlos, CA 94070
EMPLOYMENT AGREEMENT
Dear Phil:
This letter will confirm our agreement that if and when you decide to
reduce your role at Liberate, you agree to notify and discuss with me the
transition date, and we agree that you will be guaranteed continued
employment as Worldwide Major Accounts Specialist for a period of 18 months
or other mutually agreed upon period from the transition date. Your base
salary for this position will be $100,000 per year.
Please signify your agreement to the foregoing terms by signing below
and returning this letter to me.
Very truly yours,
/s/ Mitchell E. Kertzman
-------------------------------------
Mitchell E. Kertzman,
President and Chief Executive Officer
Acknowledged and agreed:
/s/ Phil Vachon
-------------------------
Phil Vachon
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