{"id":39603,"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-storage-technology-corp-and-patrick-j.html"},"modified":"2015-09-17T11:25:58","modified_gmt":"2015-09-17T16:25:58","slug":"employment-agreement-storage-technology-corp-and-patrick-j","status":"publish","type":"corporate_contracts","link":"https:\/\/corporate.findlaw.com\/contracts\/compensation\/employment-agreement-storage-technology-corp-and-patrick-j.html","title":{"rendered":"Employment Agreement &#8211; Storage Technology Corp. and Patrick J. Martin"},"content":{"rendered":"<pre>                         STORAGE TECHNOLOGY CORPORATION\n\n                            CEO Employment Agreement\n\n                                 Effective from\n\n                                  July 11, 2000\n\n\n\n\nThis CEO Employment Agreement (the \"Agreement\") is entered into on June 28, 2000\nwith an effective  date for the start of  employment  and the  assumption of the\noffices  specified herein of July 11, 2000 (the \"Effective Date\") by and between\nStorage  Technology  Corporation (the \"Company\"),  a Delaware  corporation,  and\nPatrick J.  Martin  (hereinafter,  \"you\" or \"your\") and sets forth the terms and\nconditions  of your  employment  with  the  Company.  In  consideration  of your\nemployment by the Company on the terms and conditions  set forth below,  and the\nmutual covenants and agreements  contained herein,  you and the Company agree as\nfollows:\n\n1.    Position.  During the Term (as  defined in Section 2,  below),  you will\n--------------\n            be employed  full-time  by the Company in the position of Chairman\n            of the Board of Directors,  President and Chief Executive  Officer\n            of the Company,  and shall report  directly to the Company's Board\n            of  Directors  (the  \"Board\").  At a  meeting  of the  Board or an\n            appropriate  committee  thereof,  scheduled  to take  place on the\n            Effective  Date,  (i) you  will be  elected  by the  Board to be a\n            Director and  Chairman of the Board;  (ii) you will be appointed a\n            corporate  officer,  in your new capacity as  President  and Chief\n            Executive  Officer;  and (iii) your  appointment will be announced\n            publicly.  In such  capacity,  you will  perform  such  duties and\n            have such  responsibilities  as may be  assigned by the Board from\n            time to time that are  normally  inherent  in such  capacities  in\n            corporations  of similar size and character.  During the Term, you\n            shall devote  substantially  all of your working  time,  attention\n            and  energies to the  business of the Company and shall be subject\n            to the Company's  Corporate  Policies and  Practices  from time to\n            time in effect  during the Term.  Nothing  herein  shall  preclude\n            you from (i) serving on the boards of  directors  of a  reasonable\n            number of other  corporations  with the  concurrence  of the Board\n            (which approval shall not be unreasonably withheld),  (ii) serving\n            on the boards of a reasonable number of trade associations  and\/or\n            charitable organizations,  (iii) engaging in charitable activities\n            and   community   affairs,   and  (iv)   managing   your  personal\n            investments  and affairs,  provided  that such  activities  do not\n            conflict or interfere with the effective  discharge of your duties\n            and responsibilities under this Section 1.\n\n2.    Employment.  The  provisions  of this  Agreement  shall  terminate  four\n----------------\n            years after the Effective Date (\"Term\");  provided,  however, that\n            until such time as notice of  non-renewal  or  termination  of the\n            Agreement  is given by  either  you or the  Company  to the  other\n            party,  ninety days or more prior to  expiration  of the  existing\n            Term, of either party=s  decision not to renew,  the Term and this\n            Agreement shall  automatically be renewed for subsequent  one-year\n            terms;  provided  further that in no event shall the Term and this\n            Agreement  be so  extended  to a date more than six years from the\n            Effective Date.\n\n3.    Base  Compensation.  For your services during the Term, the Company will\n------------------------\n            pay you a base salary at the  annualized  rate equal to  $800,000.\n            Such salary  shall be paid  periodically  in  accordance  with the\n            normal  payroll  practices  of the  Company in effect from time to\n            time during the Term, less any  withholding  taxes as set forth in\n            Section  16(a),  below.  The  amount  of your base  salary  may be\n            increased  by the Board  from time to time  during  the Term (such\n            annualized  base salary as may be  increased  from time to time by\n            the Board is referred to in this Agreement as \"Base Salary\").\n\n4.    Incentive Plans.\n\n      a)    Annual  Incentive  Bonuses.  With  respect  to the years  2000 and\n            --------------------------\n            2001,  you will instead of a bonus under this section  receive the\n            payments  described  in Section 6. During the Term,  with  respect\n            to years  following 2001, you shall be eligible to receive bonuses\n            under the terms and  conditions  of the  Management  by Objectives\n            Program,  as modified from time to time (AMBO  Program@)  approved\n            by the Board or the Human Resources and Compensation  Committee of\n            the  Board,   based  upon  the   achievement  of   pre-established\n            financial  and other  corporate  or  personal  performance  goals.\n            Under the MBO  Program  you shall be  eligible  to receive a bonus\n            equal  to  100%  of  your  Base  Salary  at the  target  level  of\n            performance.  (Such annualized  target bonus under the MBO Program\n            as may be increased  from time to time by the Board is referred to\n            in this  Agreement  as \"Target  Bonus\").  Additionally,  under the\n            MBO Program you will be eligible to receive a bonus  payment equal\n            to 200%  of your  Base  Salary  if  certain  Astretch@  goals  are\n            achieved  (as  that  term  is  defined  in the MBO  Program)  or a\n            payment  of  up  to  350%  of  your  Base  Salary  should  certain\n            Aultra-stretch@  goals be achieved (as that term is defined in the\n            MBO Program).  Any payments under the MBO Program shall be made in\n            accordance  with the  provisions  of,  and  under  the  conditions\n            contained  in, the MBO Program,  except as  otherwise  provided in\n            this Agreement,  including the payment of a certain  percentage of\n            that bonus in stock or common  stock  equivalents,  at the Board=s\n            discretion,  which  amount  is  currently  set at  40% of the  MBO\n            Program  bonus  payout.  As  used  in  this  Agreement,  the  term\n            AAnnual  Bonus@  includes the 2000 Incentive  Guarantee,  the 2001\n            Incentive  Guarantee (both as defined in Section 6) and the Target\n            Bonus.\n\n      b)    Additional  Long-Term  Incentive  Awards.  You shall be  eligible to\n            participate  on an ongoing  basis in all long-term  incentive  plans\n            made available to senior executives, including stock option or other\n            equity-based  awards,  commencing with awards for 2001, or sooner at\n            the discretion of the Board,  in accordance  with Company  practices\n            applicable to its senior-level executives,  at the discretion of the\n            Board.\n\n5.    Sign-on Equity Arrangements.\n a)    Stock  Option\/Restricted  Share  Grant.  The Company will grant to\n       --------------------------------------\n            you on the Effective Date options to purchase  1,000,000 shares of\n            the Company=s common stock plus, if necessary,  additional options\n            and\/or shares of its restricted  stock,  or a combination  thereof\n            (such  options  and any shares of  restricted  stock to be granted\n            under the Company=s 1995 Equity  Participation Plan (the APlan@)),\n            such that the  aggregate  amount  realizable by you as of any date\n            after the  Effective  Date upon  exercise of such options and sale\n            of any such  restricted  stock would be $5,000,000 if the price of\n            the Company=s  common stock were $16, all such options were vested\n            and  exercisable,  and all such shares were free of  restrictions.\n            The  exercise  price of all such  options  will be set at the Fair\n            Market  Value as  defined in the Plan for  options  granted on the\n            Effective  Date (which Fair Market Value will be the closing price\n            of the  Company=s  common  stock  as  quoted  at the  close of the\n            market on the preceding  trading  day).  Such options and any such\n            restricted  stock  will  vest in  equal  increments  of 25% of the\n            total  number of options or shares of  restricted  stock  granted.\n            The first 25%  tranche of such  options and any  restricted  stock\n            shall vest on the  Effective  Date and the  remaining  75% of such\n            options  and  any  restricted  stock  shall  vest in  three  equal\n            increments  of  25%  of  the  total  number  of  options  and  any\n            restricted  stock  granted on each of January 1, 2001;  January 1,\n            2002 and January 1, 2003.  Under the terms of the Plan,  except as\n            otherwise  provided herein,  such options when vested shall remain\n            exercisable for a period of ten years.\n\n            Attached  as Exhibit C hereto is the form of Employee  Stock  Option\n            Agreement to be used with respect to such options,  and as Exhibit D\n            hereto is the form of  Restricted  Stock  Agreement  to be used with\n            respect to any restricted stock granted pursuant to this Agreement.\n\n      b)    Share  Grant.  On the  Effective  Date the Company will grant to you\n            100,000  registered and freely tradeable shares of its common stock,\n            which shall be vested immediately.\n\n6.    Sign-on Incentive Guarantees.\n   a)    2000  Incentive  Guarantee.  You will be granted on the  Effective\n         --------------------------\n            Date  a   guaranteed   incentive   award  (the   A2000   Incentive\n            Guarantee@),  in lieu of an award  under the  second  half  fiscal\n            year 2000 MBO  Program,  equal to the  greater  of either  (i) the\n            amount that you would have been paid under  Section 4,  above,  if\n            the MBO Program applied,  were an award to be made to participants\n            in the MBO Program;  or (ii) $400,000,  said payment to be made to\n            you no later than the first  business day in January  2001; if the\n            amount due is greater than $400,000,  then the  additional  amount\n            shall be paid no later  than the date at which  payments  are made\n            to participants in the MBO Program.\n\n      b)    2001  Incentive  Guarantee.  You will be granted on the  Effective\n            --------------------------\n            Date  a   guaranteed   incentive   award  (the   A2001   Incentive\n            Guarantee@),  in lieu of an award  under the full fiscal year 2001\n            MBO  Program,  equal to the  greater of either (i) the amount that\n            you would  have been  paid  under  Section  4,  above,  if the MBO\n            Program  applied,  were an award to be made to participants in the\n            MBO Program;  or (ii) $800,000,  said payment to be made to you no\n            later than the first  business day in January  2002; if the amount\n            due is greater than $800,000,  then the additional amount shall be\n            paid  no  later  than  the  date at  which  payments  are  made to\n            participants in the MBO Program.\n\n7.          Sign-on Bonus. You will be paid, on the Effective Date or as soon as\n            reasonably  practicable   thereafter,   a  sign-on  bonus  equal  to\n            $2,000,000.\n\n8. Reimbursement of Business and Other Expenses; Relocation.\n\n      a)    Expenses.  You are  authorized  to incur  reasonable  expenses  in\n            --------\n            carrying   out  your  duties  and   responsibilities   under  this\n            Agreement  and the Company  shall  promptly  reimburse you for all\n            reasonable  business expenses incurred in connection with carrying\n            out the  business  of the  Company,  subject to  documentation  in\n            accordance  with the Company=s  policy.  The Company shall pay all\n            reasonable  financial  and  tax  consultant  and  legal  fees  and\n            expenses  incurred by you in connection  with the  negotiation  of\n            your employment arrangements with the Company.\n     b)    Relocation  Expense  Reimbursement.   It  is  agreed  that  within\n           ----------------------------------\n            twelve  months  of the  Effective  Date  you  will  relocate  your\n            primary   residence  to  the   Louisville,   Colorado   area.   In\n            completing  such  relocation,  you will be eligible to participate\n            in  the  Company=s  executive  relocation  reimbursement  program.\n            Specifically,  the Company  will either pay or  reimburse  you for\n            the following  expenses which payments or reimbursements  shall be\n            grossed-up to the extent they are taxable to you.\n\n            i)    Shipment of  household  goods and  automobiles  to Colorado,\n                  plus storage of  household  goods while you are in temporary\n                  living accommodations;\n            ii)   Temporary living in Colorado for you and your family for up to\n                  120 days;\n            iii)  Travel,  meals and  lodging en route to  Colorado  for you and\n                  your family;\n            iv)   Two  house-hunting  trips to Colorado  for you and your spouse\n                  for up to a total of ten days;\n            v)    Reasonable  and standard  closing  costs  associated  with the\n                  purchase  of a home in  Colorado,  provided  that such home is\n                  purchased within 24 months of the Effective Date;\n            vi)   Realtor  fees and  closing  costs on the sale of your  current\n                  residence,  provided that such sale occurs within 24 months of\n                  the Effective Date; and\n            vii)  A  one-time  relocation  allowance  equal  to 8% of your  Base\n                  Salary.\n\n            Should your  employment  with the Company be terminated  per Section\n            9(b) below within two years of the Effective Date, then an aggregate\n            amount equal to the sum of all amounts in respect of relocation paid\n            to you  pursuant to this  Section,  adjusted  for any  negative  tax\n            effect on you but  without  requiring  you to amend  any tax  return\n            already  filed  and  reduced  by 1\/24 per  month  over a  period  of\n            twenty-four  months  starting  from  the  Effective  Date,  shall be\n            repayable  by  you  to  the  Company   within  thirty  days  of  the\n            Termination Date.\n\n      c)    Post-Termination  Relocation.  Following  Involuntary  Termination\n            ----------------------------\n            of your  employment  with the Company under Section 9(a) below, or\n            upon  retirement or death,  the Company will relocate you and your\n            family  to the  location  of your  choice  in the  United  States,\n            covering  the  same  expenses  listed  above on a  tax-grossed  up\n            basis.  In  addition,  in the event that you suffer a loss on sale\n            of  your  principal  residence  in  Colorado,   the  Company  will\n            reimburse you for the loss.\n\n9.    Termination of Employment; Severance Benefits.\n\n      a)    Involuntary  Termination.  If  your  employment  terminates  as  a\n            ------------------------\n            result  of an  Involuntary  Termination  other  than for Cause (as\n            defined in Section 10(a) below),  you shall be entitled to receive\n            a severance  payment  equal to the sum of (i) two  times your Base\n            Salary  for the  fiscal  year  then in  effect  or the  cumulative\n            amount  of Base  Salary  remaining  to be paid  during  the  Term,\n            whichever  amount is  greater,  plus  (ii) two  times your  Annual\n            Bonus for the  fiscal  year then in  effect,  whether  or not such\n            bonus would  otherwise be payable,  or the  pro-rata  Target Bonus\n            amounts  that  would  have been  paid  over the Term  based on the\n            Target Bonus for the fiscal year then in effect,  whichever amount\n            is  greater  (or,  if no Target  Bonus is in effect for such year,\n            the highest  Target Bonus in the three  preceding  fiscal  years);\n            provided,  that in the event of an Involuntary  Termination upon a\n            Change of Control (as defined in Section 10(b),  below), you shall\n            be  entitled to receive a  severance  payment  equal to the sum of\n            (i) three  times  your Base  Salary  for the  fiscal  year then in\n            effect,  plus (ii) three times your Annual  Bonus,  whether or not\n            such bonus would  otherwise  be payable (or, if no Target Bonus is\n            in effect for such year,  the  highest  Target  Bonus in the three\n            preceding  fiscal  years).  You  shall  also  be  entitled  to the\n            following  payments:  (i)  Base  Salary  through  the  Termination\n            Date;  (ii) if  termination  occurs prior to 2002, the full amount\n            of the 2000 Incentive Guarantee and the 2001 Incentive  Guarantee,\n            to the  extent  not  previously  paid,  or if  termination  occurs\n            following   2001,  a  pro  rata  Target  Bonus  for  the  year  of\n            termination  (to the  extent  such a bonus  is  payable  to  other\n            participants  in  the  MBO  Program);  (iii)  the  balance  of any\n            incentive  awards  due for  performance  periods  which  have been\n            completed,  but which have not yet been paid;  (iv) stock  options\n            or  restricted  stock  pursuant to Section  9(d);  (v) any expense\n            reimbursements  or other unpaid amounts  earned,  accrued or owing\n            to you;  or  (vi)  other  benefits,  if any,  in  accordance  with\n            applicable  plans  and  programs  of the  Company.  Any  severance\n            payments to which you become  entitled  pursuant  to this  Section\n            9(a)  shall  be paid to you in a lump sum  within  thirty calendar\n            days of your  Termination  Date and shall be paid  contingent upon\n            your  execution  and delivery to the Company of a  Settlement  and\n            Release  Agreement  substantially  in the form attached  hereto as\n            Exhibit A.   The   Company   will   execute  and  deliver  to  you\n            ---------\n            simultaneously  therewith a  Settlement  and Release  Agreement in\n            the form  attached  hereto as  Exhibit  B. In case of  Disability,\n                                           ----------\n            you shall,  in  addition,  be entitled to any  benefits  available\n            under the  Company=s  employee or executive  disability  policies.\n            For  purposes of this  Section  9(a),  any  reference to your Base\n            Salary or Target Bonus shall be  understood to refer to the amount\n            thereof  disregarding any reduction that  constitutes  grounds for\n            Involuntary Termination as contemplated by Section 10(d).\n\n     b)    Voluntary   Resignation;   Termination   For  Cause.   1)  If  you\n           ---------------------------------------------------\n            voluntarily  resign from the Company (other than as an Involuntary\n            Termination),  or if the Company  terminates  your  employment for\n            Cause,  then you shall not be entitled to receive any severance or\n            other   benefits   other  than  (i)  Base  Salary   through   your\n            Termination  Date; (ii) stock options or restricted stock pursuant\n            to Section 9(d); (iii) any expense  reimbursements or other unpaid\n            amounts earned,  accrued or owing to you; (iv) other benefits,  if\n            any,  in  accordance  with  applicable  plans or  programs  of the\n            Company;  and (v) except in case of  termination  for  Cause,  any\n            remaining  unpaid  amounts  pursuant  to Section 6.  Further,  you\n            hereby  authorize the Company to offset any amounts owed by you to\n            the Company  against any amounts the Company  might  otherwise owe\n            to you on the Termination Date.\n\n            2) There will be no termination  for Cause without your first having\n            been given written notice  thereof in accordance  with Section 9(g),\n            and then having been given a reasonable  opportunity  to be heard by\n            the Board.\n\n      c)    Death:  In the  event of your  death,  your  legal  representative\n            -----\n            shall  receive (i) your Base  Salary  through the end of the month\n            in which death  occurs;  (ii) if death occurs  prior to 2002,  the\n            full  amount  of  the  2000  Incentive   Guarantee  and  the  2001\n            Incentive  Guarantee,  to the extent not  previously  paid,  or if\n            death occurs  following  2001,  your pro-rata  Target Bonus amount\n            for the fiscal year in which  death  occurs,  at the Target  Bonus\n            for the  fiscal  year then in  effect,  whether  or not such Bonus\n            would  otherwise have been payable;  (iii) any  incentives,  other\n            than  stock  options or  restricted  stock,  on a pro-rata  basis,\n            payable  when  scheduled  to  be  paid;   (iv)  stock  options  or\n            restricted  stock  pursuant  to  Section  9(d);  (v)  any  expense\n            reimbursements  or other earned,  accrued or unpaid  amounts owing\n            to you;  and (vi)  other  benefits,  if any,  in  accordance  with\n            applicable plans or programs of the Company.\n\n      d)    Restricted  Stock  and  Stock  Options.   1)  In  the  event  your\n            --------------------------------------\n            employment  terminates  for any reason  other  than a  termination\n            pursuant to Section 9(b),  then, in addition to such  severance as\n            you may otherwise  receive,  all unvested stock options granted to\n            you  under  the  Company's   stock  option  plans  (or  under  any\n            successor  company's  stock  option  plans)  shall vest and become\n            exercisable  in full,  and the Company's  right to repurchase  any\n            shares of restricted  stock  purchased  under any of the Company's\n            stock plans on or after the  Effective  Date shall  terminate  and\n            all such stock shall become fully vested.  In addition,  any stock\n            options  granted  to  you  shall  remain   exercisable  for  their\n            originally  scheduled  terms,  subject to the other original terms\n            and conditions of such options.\n\n         2) In the event your employment is terminated pursuant to Section 9(b),\n            you shall be entitled to exercise  your vested  options for a period\n            of 180 days (plus any number of days during which  exercise would be\n            restricted for any reason)  following your  termination and unvested\n            options shall be forfeited.\n\n      e)    Medical  Benefits.  In the  event  you  are  entitled  to  receive\n            -----------------\n            severance  payments pursuant to Section 9(a), then, in addition to\n            such  severance  payments,  the  Company  shall pay you a lump sum\n            payment in an amount that the  Company  reasonably  determines  to\n            represent  the  estimated  cost that you may incur to extend for a\n            twenty-four  month  period under the COBRA  continuation  laws the\n            medical  coverage  for you and your  dependents  in  effect on the\n            Termination  Date or, in the event of an  Involuntary  Termination\n            upon a Change in Control,  for a  thirty-six  month  period.  Such\n            payment  may be used for  such  continuation  coverage  or for any\n            other purpose.\n\n    f)    Other  Benefits.  In the  event  you  are  entitled  to  severance\n          ---------------\n            payments  pursuant  to Section  9(a),  then,  in  addition to such\n            severance  payments,  (i) for a period of twenty-four months after\n            the  Termination  Date (for a period of  thirty-six  months in the\n            event of an  Involuntary  Termination  upon a Change of  Control),\n            the  Company  shall  continue  to provide  you with (A)  long-term\n            disability  insurance  benefits as in effect as of the Termination\n            Date, or such comparable  benefits as the Company may determine to\n            be  sufficient  to  satisfy  its  obligations  to you  under  this\n            Agreement;  and (B) the allowance for financial and tax and estate\n            planning  services in effect on the  Termination  Date (as defined\n            in  Section  10(e),  below)  and (ii) for a period of  twenty-four\n            months  after the  Termination  Date  (for a period of  thirty-six\n            months in the event of an  Involuntary  Termination  upon a Change\n            of Control),  the Company shall  continue to provide you with life\n            insurance benefits.  Notwithstanding the foregoing,  if you become\n            covered under any life or disability  insurance plan provided by a\n            subsequent  employer,  then the amount of coverage  required to be\n            provided by the Company  hereunder  shall be reduced by the amount\n            of coverage provided by the subsequent employer's insurance plans.\n\n      g)    Notice of  Termination.  Any  termination (of your employment with\n            ----------------------\n            the  Company  other  than  by  reason  of  your  death)  shall  be\n            communicated by a notice of termination  given by one party to the\n            other in  accordance  with Section 16(d) of this  Agreement.  Such\n            notice shall indicate the specific  termination  provision in this\n            Agreement  relied upon,  shall set forth in reasonable  detail the\n            facts  and   circumstances   claimed   to   provide  a  basis  for\n            termination  under the provision so  indicated,  and shall specify\n            the Termination Date (as defined in Section 10(e), below).\n\n      h)    No  Mitigation;  No  Offset.  In the  event  of any  termination  of\n            employment under this Section 9, you shall be under no obligation to\n            seek other  employment  and, except as otherwise  stated  explicitly\n            herein,  there shall be no offset against amounts due you under this\n            Agreement  on  account  of  any   remuneration   received  from  any\n            subsequent employer.\n\n      i)    Nature of Payments.  Any amounts due under this Section 9 are in the\n            nature of severance  payments  considered  to be  reasonable  by the\n            Company and are not in the nature of a penalty.\n\n10.   Certain Defined Terms.\n\n      a)    Cause.  \"Cause\" means (i)      you  are   convicted  of  a  felony\n            -----\n            involving  moral turpitude or involving fraud against the Company,\n            or (ii) you are guilty of willful  gross  neglect or willful gross\n            misconduct  in  carrying  out your  duties  under this  Agreement,\n            resulting,  in  either  case,  in  material  economic  harm to the\n            Company,  unless you  believed  in good faith that your  action or\n            non-action  was in or not  opposed  to the best  interests  of the\n            Company.\n\n\n  b)        Change of Control.  \"Change of Control\"  means the occurrence of any\n            of the following events:\n\n            i)    The  acquisition  by any  \"person\"  (as such term is used in\n                  Sections 13(d) and 14(d) of the  Securities  Exchange Act of\n                  1934, as amended),  other than the Company or a person that,\n                  on  the  Effective  Date  and  immediately   prior  to  such\n                  acquisition,  directly or indirectly controls, is controlled\n                  by, or is under common  control  with,  the Company,  of the\n                  \"beneficial  ownership\" (as defined in Rule 13d-3 under said\n                  Act),  directly or indirectly,  of securities of the Company\n                  representing  thirty-five percent (35%) or more of the total\n                  voting power  represented by the Company's then  outstanding\n                  voting securities; or\n\n            ii)   the majority of the Board consists of  individuals  other than\n                  Incumbent Directors, which term means the members of the Board\n                  on the Effective  Date;  provided  that any person  becoming a\n                  director  subsequent to such date whose election or nomination\n                  for election was supported by  three-quarters of the directors\n                  who then comprised the Incumbent Directors shall be considered\n                  to be an Incumbent Director;\n\n            iii)  merger  or  consolidation  of the  Company  with  any  other\n                  corporation,  other  than a merger  or  consolidation  which\n                  would  result  in  the  voting  securities  of  the  Company\n                  outstanding   immediately   prior   thereto   continuing  to\n                  represent  (either  by  remaining  outstanding  or by  being\n                  converted  into voting  securities of the  surviving  entity\n                  (including   the  parent   corporation   of  such  surviving\n                  entity))  at least  fifty-one  percent  (51%)  of the  total\n                  voting power  represented  by the voting  securities  of the\n                  Company or such  surviving  entity  outstanding  immediately\n                  after such merger or consolidation; or\n\n\n\n            iv)   the approval by the  stockholders  of the Company of a plan of\n                  complete   liquidation   of  the  Company,   or  the  sale  or\n                  disposition  by the  Company of all or  substantially  all the\n                  Company's assets.\n\n       c)   Disability.  \"Disability\"  means  that you  have  been  unable  to\n            ----------\n            substantially  perform  your duties  under this  Agreement  as the\n            result of your  incapacity due to physical or mental illness for a\n            period of twenty-six consecutive weeks after its commencement,  as\n            determined  by a medical  doctor  selected by the Company and you.\n            If the parties cannot agree on a medical doctor,  each party shall\n            select  a  medical  doctor  and the two  doctors  shall  select  a\n            third, who shall be the approved medical doctor for this purpose.\n\n\n\n\n      d)    Involuntary  Termination.  \"Involuntary  Termination\" means any of\n            ------------------------\n            the following:  (i)  termination of your employment by the Company\n            which  is  not  effected  for  Cause;  (ii)  termination  of  your\n            employment  with the Company by reason of your  Disability;  (iii)\n            during  the  twenty-four   month  period  following  a  Change  of\n            Control,  termination of your employment for any reason other than\n            for  Cause;  (iv)  the  failure  of  the  Company  to  obtain  the\n            assumption of this  Agreement by any  successors  contemplated  in\n            Section  14(a) below;  (v) without your express  written  consent,\n            your  relocation  to a facility  or a location  more than 50 miles\n            from  the  Company's   principal   business   offices  located  in\n            Louisville,  Colorado;  (vi) without your express written consent,\n            a  reduction  in your Base  Salary  or  Target  Bonus as in effect\n            immediately  prior to such  reduction;  (vii) the failure to elect\n            or  reelect  you to any of the  positions  described  in Section 1\n            above;  (viii) a change  in the  reporting  structure  so that you\n            report to someone other than the Board;  (ix) without your express\n            written   consent,   a  significant   reduction  of  your  duties,\n            authority  (including  reporting lines to you) or responsibilities\n            relative to your  duties,  authority  and  responsibilities  as in\n            effect  immediately  prior to such reduction  (except with respect\n            to sale or other  disposition  of a division or  subsidiary of the\n            Company);  (x) the taking of any action by the Company,  including\n            eliminating  a plan  without  providing a  substitute  or reducing\n            your awards under a plan, the result of which would  substantially\n            diminish the  aggregate  projected  value of your awards under the\n            Company=s  bonus  and  benefit  plans;  or (xi) the  taking of any\n            action  by the  Company  that  could  substantially  diminish  the\n            aggregate  value  of  the  benefits  provided  to  you  under  the\n            Company=s medical, health, accident,  disability,  life insurance,\n            thrift and retirement plans.\n\n      e)    Termination Date.  \"Termination  Date\" means any of the following:\n            ----------------\n            (i) the  date on  which  the  Company  delivers  to you a  written\n            notice of  termination  or such later date,  not to exceed  ninety\n            days,  specified in the notice of  termination;  (ii) in the event\n            the Term ends by reason of your death or  Disability,  the date of\n            death or determination of Disability;  and (iii) in the event this\n            Agreement  is  terminated  by you, the date on which you deliver a\n            written  notice  of   termination  to  the  Company,   or  a  date\n            determined  in  accordance  with  Section 2, above.  Any notice of\n            termination  shall  specify  the  provision(s)  in this  Agreement\n            claimed to provide a basis for termination.\n\n\n\n11.   Excise  Tax.  In  the  event  that  the  severance  and  other  benefits\n      -----------\n      provided for in this  Agreement  or  otherwise  payable to you (i) would\n      constitute  Aparachute  payments@  within the meaning of Section 280G of\n      the Internal  Revenue Code of 1986, as amended (the ACode@) and (ii) but\n      for this Section,  would be subject to the excise tax imposed by Section\n      4999 of the  Code,  then such  severance  and  other  benefits  shall be\n      either  (i)  delivered  in full,  or (ii)  delivered  as to such  lesser\n      extent  which  would  result in no portion of such  severance  and other\n      benefits  being  subject to excise tax under  section  4999 of the Code,\n      whichever of the foregoing  amounts,  taking into account the applicable\n      federal,  state and local  income  taxes and the excise  tax  imposed by\n      Section 4999,  results in the receipt by you on an after-tax  basis,  of\n      the  greater  amount  of  benefits,  notwithstanding  that  all or  some\n      portion  of such  benefits  may be  taxable  under  Section  4999 of the\n      Code.  Unless  you and the  Company  agree  otherwise  in  writing,  any\n      determination  required  under this Section  shall be made in writing by\n      the Company=s  independent public accountants (the AAccountants@).  Such\n      determination  shall be conclusive  and binding upon you and the Company\n      for all purposes.  For purposes of making the  calculations  required by\n      this  Section,  the  Accountants  may make  reasonable  assumptions  and\n      approximations  concerning  applicable taxes and may rely on reasonable,\n      good faith  interpretations  concerning the application of Sections 280G\n      and  4999  of the  Code.  You  and  the  Company  shall  furnish  to the\n      Accountants  such  information  and  documents  as the  Accountants  may\n      reasonably  request  in  order  to  make  a  determination   under  this\n      Section.   If  a  determination  is  made  by  the  Accountants  that  a\n      reduction  in the  aggregate of all payments due to you upon a Change of\n      Control  is  required  by this  Section  11, you shall have the right to\n      specify the portion of such  reduction,  if any, that will be made under\n      this  Agreement  and each plan or program of the Company.  If you do not\n      so specify within 60 days following the date of a  determination  by the\n      Accountants pursuant to the preceding sentence, the\n      Company shall  determine,  in its sole  discretion,  the portion of such\n      reduction,  if any,  to be made  under this  Agreement  and each plan or\n      program  of  the  Company.   The  Company   shall  bear  all  costs  the\n      Accountants  may reasonably  incur in connection  with any  calculations\n      contemplated by this Section.\n\n12.   Non-Compete; Non-Solicit.\n\n      a)    Each of the  parties  hereto  recognizes  that your  services  are\n            special  and  unique  and that the level of  compensation  and the\n            other  provisions  herein for compensation and benefits are partly\n            in  consideration  of and  conditioned  upon your agreement not to\n            compete  with the Company,  and that your  covenant not to compete\n            or solicit as set forth in this Section  during and after the Term\n            is  essential  to  protect  the  business  and  good  will  of the\n            Company.  This  Section 12 shall  supersede  any  provision of the\n            Plan or any other plan or  agreement  covering  substantially  the\n            same matters.\n\n\n      b)    You  agree  that   during  the  Term  and  for  a  period   ending\n            twenty-four  months  following the  Termination  Date during which\n            you shall have received  severance  due under this  Agreement as a\n            result of Involuntary  Termination  (the \"Covenant  Period\"),  you\n            will not either  directly  or  indirectly,  engage in  Competitive\n            Business  (as  defined  below)  including,  but  not  limited  to:\n            accepting  employment  with or serving as a consultant  or advisor\n            or  director  to any  Competitive  Business;  acting  against  the\n            interests of the Company;  disclosing or misusing any  proprietary\n            or material confidential  information concerning the Company (such\n            information  includes,  without limitation,  information regarding\n            the  Company's  operations,  its  products and  services,  product\n            designs,   business   plans,   strategic   plans,   marketing  and\n            distribution  plans and  arrangements,  customers,  and  financial\n            statements,  budgets and forecasts,  and employee  names,  titles,\n            compensation,  skills and  performance);  or  participating in any\n            hostile  takeover attempt of the Company.  ACompetitive  Business@\n            means a business  which produces data storage  systems,  including\n            disk and tape drives,  cartridge  libraries  or corporate  network\n            backup and  recovery  software  and such new products and services\n            in such new  businesses or markets as the Company shall have prior\n            to the  Termination  Date  committed  to produce or  provide.  The\n            foregoing  restrictions  shall not apply  (x) in  connection  with\n            performance of your duties  hereunder,  (y) if you are required to\n            make  any  disclosure  or take  any  action  by law or by a court,\n            agency,  or  other  governmental  order,  or  (z)  in  making  any\n            disclosure  in  confidence  to  a  lawyer  or  other  professional\n            advisor  for the  purpose of  securing  professional  advice.  The\n            restrictions  set for this in this Section  shall not apply to any\n            document,  record or other  information,  that (i) has  previously\n            been  disclosed  to the  public or is in the public  domain  other\n            than as a result of your breach of this Section,  or (ii) is known\n            or generally  available  within any trade or industry in which the\n            Company or any of its affiliates is active.\n\n\n      c)    You agree that during the  Covenant  Period,  you will not,  other\n            than in the performance of your duties hereunder,  either directly\n            or   indirectly:   (i)  induce  or  attempt   to   influence   any\n            then-current  employee of the Company to leave his\/her employ with\n            the Company; or (ii) solicit or encourage  then-current  employees\n            of the Company to apply for  employment  with any person or entity\n            with  which you are  employed  or with  which you intend to become\n            employed,  or in which  you  have or  intend  to have a  financial\n            interest, as a consultant,  recruiter,  independent  contractor or\n            otherwise,  or in which you have a substantial financial or equity\n            interest.  For purposes of this Section,  the term \"Company\" shall\n            mean and include the Company,  any  subsidiary or affiliate of the\n            Company,  any successor to the business of the Company (by merger,\n            consolidation,  sale of  assets  or  stock or  otherwise)  and any\n            other  corporation  or  entity  for  which  you  may  serve  as  a\n            director,  officer or  employee  at the  request of the Company or\n            any successor of the Company.\n\n      d)    You agree that the Company would suffer an irreparable injury if you\n            were to breach the  covenants  contained in Sections  12(b) or 12(c)\n            and that the Company  would by reason of such  breach or  threatened\n            breach be entitled to  injunctive  relief in a court of  appropriate\n            jurisdiction.\n\n      e)    If any of the  restrictions  contained  in this  Section 12 shall be\n            deemed to be  unenforceable  by reason of the  extent,  duration  or\n            geographical  scope or other  provisions  thereof,  then the parties\n            hereto   contemplate  that  the  court  shall  reduce  such  extent,\n            duration,  geographical  scope or other provision hereof and enforce\n            this  Section 12 in its reduced  form for all purposes in the manner\n            contemplated hereby.\n\n13.   Employee Benefit Programs.\n\n\n      a)    You  shall  be  eligible  to   participate  in  the  employee  and\n            executive  benefit programs  maintained by the Company,  including\n            (without  limitation)  any qualified or  non-qualified  retirement\n            plans or  programs,  savings and  profit-sharing  plans,  deferred\n            compensation  plans,  life,  short-term and long-term  disability,\n            medical,  accident and other insurance programs, paid vacations in\n            accordance  with the policy for  executive  officers  as may be in\n            effect from time to time,  and similar plans or programs,  subject\n            in each case to the generally  applicable  terms and conditions of\n            any such  plan or  program  and to the sole  determination  of the\n            Board,   or  any  committee  of  the  Board,  or  other  committee\n            administering  such  plan  or  program.  In  particular,  you  may\n            participate  in the Company=s  Profit Sharing and Thrift Plan (the\n            Company=s  401 (k) Plan) and the Company=s  Deferred  Compensation\n            Plan.  Upon your request,  the Company  shall  implement a special\n            deferred  compensation  arrangement  for you  under  which you may\n            elect to defer  receipt of your Base Salary and bonus amounts into\n            a secular  trust or a rabbi trust  which is secured by  insurance,\n            provided  such  arrangement  is  possible  to  implement   without\n            additional  tax  liability  to the  Company.  The Company will pay\n            the  expenses  associated  with  any  such  trust  (including  any\n            associated insurance) in an amount not to exceed $20,000 per year.\n\n      b)    During the Term of this  Agreement  (and  thereafter  pursuant  to\n            Section 9(f),  above), the Company shall provide you with (i) life\n            insurance  coverage  in an  amount  equal to  $5,000,000.00  and a\n            medical benefits  program with a supplemental  payment coverage of\n            $15,000.00  per year,  which  benefits  will be provided to you in\n            addition to the programs  maintained for other employees;  (ii) an\n            annual  reimbursement  for financial  and tax and estate  planning\n            expenses  incurred  by you in an amount not to exceed 2.5% of your\n            Base Salary;  (iii)  reasonable and customary car allowance for an\n            executive of your position,  (iv)  membership in a country club of\n            your  choosing with the  Company=s  approval,  and (v) the various\n            executive officer  perquisites to the extent the Company continues\n            to offer them from time to time,  including first class air travel\n            and a Company-paid annual physical.\n\n      c)    The  Company  agrees  to take any steps  necessary  so that any life\n            insurance  required  to be provided to you by it may be owned by any\n            trust,  estate,  or other  entity  designated  by you,  and that any\n            trust,  estate  or  other  entity  designated  by  you  may  be  the\n            beneficiary  of any such life  insurance,  provided  such  steps are\n            possible  to  implement  without  additional  tax  liability  to the\n            Company.\n\n14.   Successors.\n\n\n\n      a)    Company's  Successors.  Any  successor  to  the  Company  (whether\n            ---------------------\n            direct  or  indirect  and  whether  by  purchase,  lease,  merger,\n            consolidation,  liquidation or otherwise) to all or  substantially\n            all  of  the  Company's  business  and  assets  shall  assume  the\n            obligations  under this  Agreement and agree  expressly to perform\n            the  obligations  under this  Agreement  in the same manner and to\n            the same extent as the Company  would be required to perform  such\n            obligations  in the  absence  of a  succession.  For all  purposes\n            under  this  Agreement,  the  term  \"Company\"  shall  include  any\n            successor to the Company's  business and assets which executes and\n            delivers  the  assumption  agreement  described in this Section or\n            which  becomes  bound by the terms of this  Agreement by operation\n            of law.\n\n      b)    Employee's  Successors.  The  terms of this  Agreement  and all your\n            rights  hereunder  shall inure to the benefit of, and be enforceable\n            by,   your   personal   or   legal    representatives,    executors,\n            administrators, successors, heirs, devisees and legatees.\n\n15.   Indemnification; Liability Insurance.\n\n      a)    The  Company  agrees  that  if  you  are  made  a  party,  or  are\n            threatened to be made a party, to any action,  suit or proceeding,\n            whether  civil,  criminal,   administrative  or  investigative  (a\n            \"Proceeding\"),  by  reason  of the  fact  that  you  are or were a\n            director,  officer  or  employee  of the  Company  or are or  were\n            serving at the  request of the  Company  as a  director,  officer,\n            member,  employee  or agent of another  corporation,  partnership,\n            joint venture,  trust or other enterprise,  including service with\n            respect to  employee  benefit  plans,  whether or not the basis of\n            such  Proceeding  is your alleged  action in an official  capacity\n            while serving as a director,  officer,  member, employee or agent,\n            you shall be  indemnified  and held harmless by the Company to the\n            fullest  extent  legally  permitted or authorized by the Company's\n            certificate  of  incorporation  or  bylaws or  resolutions  of the\n            Company's  Board of Directors  or, if greater,  by the laws of the\n            State of Delaware,  against all cost, expense,  liability and loss\n            (including,   without  limitation,   attorney's  fees,  judgments,\n            fines,  ERISA excise taxes or other  liabilities  or penalties and\n            amounts paid or to be paid in settlement)  reasonably  incurred or\n            suffered by you in connection therewith,  and such indemnification\n            shall  continue  as  to  you  even  if  you  have  ceased  to be a\n            director,  member,  employee  or  agent  of the  Company  or other\n            entity and shall  inure to the  benefit of your  heirs,  executors\n            and   administrators.   The  Company  shall  advance  to  you  all\n            reasonable  costs and expenses  incurred by you in connection with\n            a Proceeding  within 20 calendar days after receipt by the Company\n            of  a  written  request  for  such  advance.  Such  request  shall\n            include an  undertaking by you to repay the amount of such advance\n            if it shall  ultimately be determined that you are not entitled to\n            be indemnified against such costs and expenses.\n\n      b)    Neither  the  failure  of the  Company  (including  its  board  of\n            directors,  independent  legal  counsel or  stockholders)  to have\n            made a determination  prior to the  commencement of any proceeding\n            concerning  payment of amounts  claimed by you under Section 15(a)\n            above that  indemnification  of you is proper because you have met\n            the applicable  standard of conduct,  nor a  determination  by the\n            Company  (including  its  board of  directors,  independent  legal\n            counsel  or  stockholders)  that you have not met such  applicable\n            standard of conduct,  shall create a presumption that you have not\n            met the applicable standard of conduct.\n\n      c)    The  Company  agrees to  continue  and  maintain  a  directors'  and\n            officers'  liability  insurance  policy covering you at least to the\n            extent the Company  provides such  coverage for its other  executive\n            officers.\n\n16.   Miscellaneous Provisions.\n\n      a)    Withholding. All payments to you pursuant to this Agreement shall be\n            subject to  withholding  of all  amounts  required to be withheld by\n            applicable Internal Revenue Service and State tax authorities by the\n            Company  and  shall  be  conditioned  upon  your  submission  of all\n            information or execution of all instruments  necessary to enable the\n            Company to comply with such withholding requirements.\n\n      b)    Confidentiality  Agreement.  As a condition of your employment,  you\n            will have  executed  the  Company's  standard  form of  confidential\n            inventions  and trade secrets  agreement.  You hereby  reaffirm that\n            during the Term and  thereafter  you will comply with all provisions\n            of  such   agreement  and  agree  that  you  will  enter  into  such\n            modifications  or amendments  thereof as the Company may  reasonably\n            request from time to time.\n\n      c)    Stock  Ownership  Guidelines.  During the Term,  you agree to comply\n            with the corporate  officer stock ownership  guidelines  approved by\n            the Board or any committee of the Board, as they may be amended from\n            time to time, and which  ownership  guidelines are now set at 20,000\n            shares of the  Company's  Common Stock for the  President  and Chief\n            Executive Officer,  said shares to be accumulated within three years\n            of the Effective Date.\n\n      d)    Notice.  Any notice  required to be given under this Agreement shall\n            be given in writing,  either by personal delivery or by causing such\n            written  notice to be mailed,  first class postage  prepaid,  in the\n            United States mail, to the parties at the addresses set forth below,\n            or at such other  address for a party as shall be  specified by like\n            notice,  provided  that  notices  of  change  of  address  shall  be\n            effective only upon receipt thereof.\n\n\n\n\n\n\n            Company:    Storage Technology Corporation\n                        One StorageTek Drive\n                           Louisville, Colorado 80028\n                           Attention: General Counsel\n\n            Executive:  Patrick J. Martin\n                         Storage Technology Corporation\n                        One StorageTek Drive\n                           Louisville, Colorado 80028\n\n                        with a copy  to his  personal  address  most  recently\n                        notified to the Company.\n\n      e)    Amendment  or  Modification.  This  Agreement  may not be amended or\n            modified  and no  provision  shall be  waived  unless  agreed  to in\n            writing and signed by you and the Company. No waiver by either party\n            of any  breach  of this  Agreement  shall be  deemed a waiver of any\n            other provision or condition at another time.\n\n      f)    Assignment.  Except as otherwise  provided herein, the rights of any\n            person to  payments or benefits  under this  Agreement  shall not be\n            made  subject  to  option or  assignment,  either  by  voluntary  or\n            involuntary  assignment or by operation of law,  including  (without\n            limitation) bankruptcy,  garnishment, attachment or other creditor's\n            process, and any action in violation of this Section shall be void.\n\n      g)    Governing  Law.  This  Agreement  is  entered  into in  accordance\n            with, and shall be interpreted  pursuant to the provisions of, the\n            laws of the State of Colorado.\n\n\n\n      h)    Arbitration.  Any  controversy  or claim  arising  between you and\n            -----------\n            the Company including,  without limitation, any claims, demands or\n            causes   of   action   alleging   wrongful   discharge;   unlawful\n            discrimination   based  on  sex,  age,  race,   national   origin,\n            disability,  religion or other unlawful basis; breach of contract;\n            or any claims  seeking  damages under any federal,  state or local\n            law,  rule,  regulation  or common law theory;  but  excluding any\n            claims  by  you  for   worker's   compensation   or   unemployment\n            compensation,   and  excluding  any  claims  by  the  Company  for\n            injunctive  relief (for instance,  for breach of  confidentiality,\n            breach of a covenant not to compete,  violation of trade  secrets,\n            or unfair  competition),  shall be  resolved  by final and binding\n            arbitration.  By signing below,  you  voluntarily  waive any right\n            to submit  claims to a judge or jury in  either  state or  federal\n            court.  The  arbitration  shall be held in  Denver,  Colorado,  or\n            elsewhere by mutual  agreement.  The  selection of the  arbitrator\n            and  procedure  shall be  governed by the  Employment  Arbitration\n            Rules of the American  Arbitration  Association,  as amended.  The\n            arbitrator  shall  be  someone  with  a  minimum  seven  years  of\n            employment law background and from the AAA Commercial  Arbitration\n            Panel or, if both  parties  agree,  the Judicial  Arbiters  Group.\n            The arbitrator  shall apply the applicable  substantive law to any\n            claim;  for any  state  law claim or  damages  issues,  the law of\n            Colorado   shall   govern,   including  but  not  limited  to  the\n            provisions  of  C.R.S.  Sections  13-21-102(5).  Judgment  upon an\n            award  rendered  by an  arbitration  may be  entered  by any court\n            having  jurisdiction.  The  Company  will  pay the  cost  normally\n            associated with the  arbitration,  including the  arbitrator's fee\n            and any fee for a hearing  facility.  Following  resolution of all\n            claims  between the parties in an arbitration  proceeding,  if the\n            arbitrator so determines,  the Company shall reimburse you for all\n            reasonable   legal  fees  and   expenses   that  you  incurred  in\n            connection  with a  successful  claim to enforce your rights under\n            this Agreement.\n\n      i)    Severability. If any provision of this Agreement shall be held to be\n            invalid or unenforceable,  such invalidity or unenforceability shall\n            not affect or impair the validity or enforceability of the remaining\n            provisions of this  Agreement,  which shall remain in full force and\n            effect in accordance with their terms.\n\n\n      j)    Entire  Agreement.   This  Agreement,   together  with  the  other\n            -----------------\n            agreements  referenced herein, embody the entire agreement between\n            the parties  relating to the subject matter hereof,  and supersede\n            all  previous  agreements  or  understandings,   whether  oral  or\n            written.  In the event of any inconsistency  between any provision\n            of  this  Agreement  and  any  provision  of  any  plan,  employee\n            handbook,   personnel  manual,  program,  policy,  arrangement  or\n            agreement of the Company or any of its Affiliates,  the provisions\n            of this Agreement  shall control  unless you otherwise  agree in a\n            writing that  expressly  refers to the provision of this Agreement\n            you are waiving.\n\n      k)    Knowledge and Representations.  1) By signing below, you acknowledge\n            that the terms of this Agreement  have been fully  explained to you,\n            that  you  understand  the  nature  and  extent  of the  rights  and\n            obligations  provided  under this  Agreement,  and the you have been\n            encouraged to and have had an  opportunity  to consult legal counsel\n            prior to signing this Agreement.\n\n            2)  The  Company  represents  and  warrants  that  (i)  it is  fully\n            authorized  by  action of its Board  (and of any  other  body  whose\n            action is required) to enter into this  Agreement and to perform its\n            obligations  under it; (ii) the execution,  delivery and performance\n            of this  Agreement,  by it does  not  violate  any  applicable  law,\n            regulation,  order,  judgment  or decree or any  agreement,  plan or\n            corporate  governance document to which it is a party or by which it\n            is  bound;  and  (iii)  upon  the  execution  and  delivery  of this\n            Agreement  by the  parties,  this  Agreement  shall  be a valid  and\n            binding  obligation  of  the  Company,  enforceable  against  it  in\n            accordance with its terms,  except to the extent that enforceability\n            may be limited by applicable bankruptcy,  insolvency or similar laws\n            affecting the enforcement of creditors= rights generally.\n\n      l)    Counterparts.  This  Agreement  may  be  executed  in  two  or  more\n            counterparts.\n\n\n\n            IN WITNESS WHEREOF, each of the parties has executed this Agreement,\nin the case of the Company by its duly authorized officer or representative,  as\nof the day and year first above written.\n\nSTORAGE TECHNOLOGY CORPORATION\n\n\n\n\n\nBy:                                                                \n     \/S\/ Robert E. Lee\n      Chairman, Human Resources &amp; Compensation Committee\n      of the Board of Directors\n\n\n\/S\/ Patrick J. Martin\n\n<\/pre>\n","protected":false},"template":"","meta":{"_acf_changed":false,"_stopmodifiedupdate":true,"_modified_date":"","_cloudinary_featured_overwrite":false},"corporate_contracts_companies":[8959],"corporate_contracts_industries":[9508],"corporate_contracts_types":[9539,9544],"class_list":["post-39603","corporate_contracts","type-corporate_contracts","status-publish","hentry","corporate_contracts_companies-storage-technology-corp","corporate_contracts_industries-technology__hardware","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\/39603","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=39603"}],"wp:term":[{"taxonomy":"corporate_contracts_companies","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_companies?post=39603"},{"taxonomy":"corporate_contracts_industries","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_industries?post=39603"},{"taxonomy":"corporate_contracts_types","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_types?post=39603"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}