{"id":39341,"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-mattel-inc-and-kevin-farr.html"},"modified":"2015-09-17T11:25:58","modified_gmt":"2015-09-17T16:25:58","slug":"employment-agreement-mattel-inc-and-kevin-farr","status":"publish","type":"corporate_contracts","link":"https:\/\/corporate.findlaw.com\/contracts\/compensation\/employment-agreement-mattel-inc-and-kevin-farr.html","title":{"rendered":"Employment Agreement &#8211; Mattel Inc. and Kevin Farr"},"content":{"rendered":"<pre>July 20, 2000\n\n\nMr. Kevin Farr\nChief Financial Officer\nMattel, Inc.\n333 Continental Boulevard\nEl Segundo, California  90245-5012\n\nRe:  Amendment to Your Employment Agreement and Stock Option Grant Agreements\n     ------------------------------------------------------------------------\n\nDear Kevin:\n\n          Pursuant to action taken by Mattel's Board of Directors and\nCompensation Committee on March 30, 2000 to amend Mattel's 1990 and 1996 Stock\nOption Plans (the \"Plans\") and to amend the Grant Agreements for Non-Qualified\nStock Options (\"Grant Agreements\") with respect to all of the stock options\nwhich you hold under the Plans and which are outstanding as of March 30, 2000\n(the \"Outstanding Options\"), this letter agreement constitutes an amendment to\neach of your Grant Agreements and your Employment Agreement with Mattel.\n\n          Notwithstanding any provision of your Grant Agreements or of your\nEmployment Agreement to the contrary, in the event that your employment with\nMattel is terminated (i) by Mattel without Cause (as defined in your Employment\nAgreement), (ii) by you for Good Reason (as defined in your Employment\nAgreement), (iii) by you for any reason during the 30-day period immediately\nfollowing the six (6) month anniversary of a Change of Control (as defined in\nyour Employment Agreement) or (iv) by reason of your death or Disability (as\ndefined in your Employment Agreement), all of the Outstanding Options shall\nbecome immediately exercisable and you shall have until the date which is ten\n(10) years from the date each Outstanding Option was granted to exercise such\nOutstanding Option.\n\n          I would appreciate it if you would sign, date and return a copy of\nthis letter agreement to me.  As such, it will constitute a written amendment to\nyour Grant Agreements and your Employment Agreement.\n\n                              Sincerely yours,\n\n                              MATTEL, INC.\n\n\n                              By \/s\/ Alan Kaye\n                                 -------------------------------------\n                                 Alan Kaye, Senior Vice President\n                                 Human Resources &amp; Administration\n\n\nAgreed to and accepted by:\n\n\/s\/ Kevin M. Farr   \n________________________      Dated:  July 21, 2000\nKevin Farr                            -------\n\n<\/pre>\n","protected":false},"template":"","meta":{"_acf_changed":false,"_stopmodifiedupdate":true,"_modified_date":"","_cloudinary_featured_overwrite":false},"corporate_contracts_companies":[8145],"corporate_contracts_industries":[9403],"corporate_contracts_types":[9539,9544],"class_list":["post-39341","corporate_contracts","type-corporate_contracts","status-publish","hentry","corporate_contracts_companies-mattel-inc","corporate_contracts_industries-consumer__toys","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\/39341","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=39341"}],"wp:term":[{"taxonomy":"corporate_contracts_companies","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_companies?post=39341"},{"taxonomy":"corporate_contracts_industries","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_industries?post=39341"},{"taxonomy":"corporate_contracts_types","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_types?post=39341"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}