{"id":38606,"date":"2015-09-17T11:25:58","date_gmt":"2015-09-17T16:25:58","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-legal\/contracts\/uncategorized\/change-in-control-severance-agreement-dyncorp-and-paul-v.html"},"modified":"2015-09-17T11:25:58","modified_gmt":"2015-09-17T16:25:58","slug":"change-in-control-severance-agreement-dyncorp-and-paul-v","status":"publish","type":"corporate_contracts","link":"https:\/\/corporate.findlaw.com\/contracts\/compensation\/change-in-control-severance-agreement-dyncorp-and-paul-v.html","title":{"rendered":"Change in Control Severance Agreement &#8211; DynCorp and Paul V. Lombardi"},"content":{"rendered":"<pre>\n               AMENDMENT TO CHANGE IN CONTROL SEVERANCE AGREEMENT\n\n         For good and  valuable  consideration,  the  receipt of which is hereby\nacknowledged,  the letter  agreement,  dated June 1, 1995,  relating  to certain\nobligations  arising in the event of a Change in Control or Potential  Change in\nControl,  executed for DynCorp by Dan R. Bannister,  President &amp; Chief Executive\nOfficer,  and executed by the undersigned  manager of DynCorp, is hereby amended\nas follows, effective April 16, 1998:\n\n1. In each place in where they appear in Section 2 of the letter  agreement, \n   the figures  '25%' are amended to read '35%'.\n\n2. The following Subsection (iv) is added to Section 2 of the letter agreement:\n\n         'Effective  upon the  occurrence  of a Change of Control,  all unvested\n         options and rights  granted to you under any stock  option,  restricted\n         stock or other  stock-based  benefit plan (excluding the Employee Stock\n         Ownership  and Savings and  Retirement  Plans) shall  immediately  vest\n         notwithstanding  the absence from such  plan(s) of language  that would\n         trigger  such  vesting  as of such  date,  and you  shall  be  entitled\n         thereafter to exercise with respect to such previously unvested options\n         or shares all rights  described  in such plans as being  applicable  to\n         fully vested options or shares.'\n\n3. Except as specifically  amended hereby,  the letter agreement remains in full\nforce and effect in accordance with the terms thereof.\n\n         The foregoing  amendments are hereby  accepted as of April 16, 1998, by\nthe undersigned parties.\n\nDynCorp                                Manager\n\n\nBy:  \/s\/  David L. Reichardt           \/s\/ Paul V. Lombardi\n          David L. Reichardt               Paul V. Lombardi\n          Senior Vice President            President &amp; Chief Executive Officer\n          &amp; General Counsel\n\n<\/pre>\n","protected":false},"template":"","meta":{"_acf_changed":false,"_stopmodifiedupdate":true,"_modified_date":"","_cloudinary_featured_overwrite":false},"corporate_contracts_companies":[7380],"corporate_contracts_industries":[],"corporate_contracts_types":[9539,9551],"class_list":["post-38606","corporate_contracts","type-corporate_contracts","status-publish","hentry","corporate_contracts_companies-dyncorp","corporate_contracts_types-compensation","corporate_contracts_types-compensation__severance"],"acf":[],"_links":{"self":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts\/38606","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts"}],"about":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/types\/corporate_contracts"}],"wp:attachment":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/media?parent=38606"}],"wp:term":[{"taxonomy":"corporate_contracts_companies","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_companies?post=38606"},{"taxonomy":"corporate_contracts_industries","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_industries?post=38606"},{"taxonomy":"corporate_contracts_types","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_types?post=38606"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}