{"id":39202,"date":"2015-09-17T11:25:58","date_gmt":"2015-09-17T16:25:58","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-legal\/contracts\/uncategorized\/employment-agreement-globalcenter-inc-and-leo-j-hindery-jr.html"},"modified":"2015-09-17T11:25:58","modified_gmt":"2015-09-17T16:25:58","slug":"employment-agreement-globalcenter-inc-and-leo-j-hindery-jr","status":"publish","type":"corporate_contracts","link":"https:\/\/corporate.findlaw.com\/contracts\/compensation\/employment-agreement-globalcenter-inc-and-leo-j-hindery-jr.html","title":{"rendered":"Employment Agreement &#8211; GlobalCenter Inc. and Leo J. Hindery Jr."},"content":{"rendered":"<pre>\n                                       [GLOBALCENTER LOGO]\n\n                                       April 17, 2000\n\nMr. Leo J. Hindery, Jr.\nChairman &amp; Chief Executive Officer\nGlobalCenter Inc.\n141 Caspian Court\nSunnyvale, California 94089\n\n\nDear Leo:\n\n  This letter agreement is made to reflect the original intent of the parties\nregarding, and to clarify certain terms of, the Employment Agreement made\nbetween GlobalCenter Inc., a Delaware corporation ('GlobalCenter'), and you\neffective as of December 5, 1999 (the 'Agreement').\n\n  The stock option granted to you under the Agreement to purchase 5.5% of the\noutstanding common stock of GlobalCenter has an aggregate strike price of\n$110,000,000, rather than $100,000,000.\n\n  In addition, under the Agreement, you have the discretion to exercise the\nGlobalCenter stock option described above either for GlobalCenter common stock\nor for an equivalent percentage of the shares of a stock issued by Global\nCrossing Ltd. to track the business of GlobalCenter (the 'Tracking Stock'),\nsubject to appropriate adjustments without any adverse effect upon you.\n\n  These terms of the Agreement as described in this letter agreement are\neffective ab initio.\n\n  We look forward to continuing our mutually rewarding relationship.\n\n                              Very truly yours,\n\n                              GLOBALCENTER INC.\n\n\n\n                              By:  \/s\/ Mark J. Coleman\n                                 ---------------------\n\n\nAGREED TO AND ACCEPTED BY:\n\n\n   \/s\/  Leo J. Hindery, Jr.\n   ------------------------\n          Leo J. Hindery, Jr.\n\nDated April 18, 2000\n\n\n<\/pre>\n","protected":false},"template":"","meta":{"_acf_changed":false,"_stopmodifiedupdate":true,"_modified_date":"","_cloudinary_featured_overwrite":false},"corporate_contracts_companies":[7648],"corporate_contracts_industries":[9519],"corporate_contracts_types":[9539,9544],"class_list":["post-39202","corporate_contracts","type-corporate_contracts","status-publish","hentry","corporate_contracts_companies-global-crossing-ltd","corporate_contracts_industries-telecommunications__telephone","corporate_contracts_types-compensation","corporate_contracts_types-compensation__employment"],"acf":[],"_links":{"self":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts\/39202","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=39202"}],"wp:term":[{"taxonomy":"corporate_contracts_companies","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_companies?post=39202"},{"taxonomy":"corporate_contracts_industries","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_industries?post=39202"},{"taxonomy":"corporate_contracts_types","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_types?post=39202"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}