{"id":38607,"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-raymond-j.html"},"modified":"2015-09-17T11:25:58","modified_gmt":"2015-09-17T16:25:58","slug":"change-in-control-severance-agreement-dyncorp-and-raymond-j","status":"publish","type":"corporate_contracts","link":"https:\/\/corporate.findlaw.com\/contracts\/compensation\/change-in-control-severance-agreement-dyncorp-and-raymond-j.html","title":{"rendered":"Change in Control Severance Agreement &#8211; DynCorp and Raymond J. Mulligan"},"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 September 8, 1987, relating to certain\nobligations  arising in the event of a Change in Control or Potential  Change in\nControl,  executed  for  DynCorp by Raymond J.  Mulligan,  and  executed  by the\nundersigned  manager of DynCorp,  is hereby amended as follows,  effective April\n16, 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\/ Paul V. Lombardi                         \/s\/  David L. Reichardt\n        Paul V. Lombardi                              David L. Reichardt\n        President &amp; Chief                             Senior Vice President &amp; Executive Officer                             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-38607","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\/38607","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=38607"}],"wp:term":[{"taxonomy":"corporate_contracts_companies","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_companies?post=38607"},{"taxonomy":"corporate_contracts_industries","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_industries?post=38607"},{"taxonomy":"corporate_contracts_types","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_types?post=38607"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}