Employment Agreement - Liberate Technologies and Phil Vachon
November 15, 2000
President & Chief Executive Officer
2 Circle Star Way
San Carlos, CA 94070
Subject: Notice Pursuant to Employment Agreement
Per my employment agreement, dated June 30, 2000, I am notifying you as to my intent to assume a reduced role with Liberate, as well as the dates for my transition. I would like to propose the following terms for your review and approval:
- I will remain in my current role as Senior Vice President Worldwide Sales (with the current level of responsibilities) until December 30, 2000.
- I plan to take vacation time from December 31, 2000 until February 12, 2001 (240 hours, equal to 30 days). I will submit a vacation request form reflecting these dates for approval.
- On February 27, 2001, Liberate will change my employment status to reflect a reduced role, as follows: