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This excerpt taken from the OVRL DEF 14A filed Oct 27, 2008. Robert Farkaly.
Mr. Farkaly’s employment with us terminated in August 2008. At the time of termination, Mr. Farkaly
earned an annual salary of $280,000,
with $140,000 of that amount guaranteed as base salary and $140,000 tied to
performance. He was an at-will employee and could be terminated by us for any reason,
with or without notice. We entered into
a separation agreement with Mr. Farkaly under which we agreed to: (i) provide Mr. Farkaly a lump sum
payment of $43,077 equal to four months base salary; and (ii) pay health
benefit premiums on Mr. Farkaly’s behalf for a period not to extend beyond
six months. In exchange, Mr. Farkaly
executed a general release of all claims against us.
This excerpt taken from the OVRL 10-Q filed May 1, 2008. Robert
Farkaly. As our Vice President of Worldwide Sales, Mr. Farkaly
is an at-will employee and may be terminated by us for any reason, with or
without notice. He currently earns an
annual salary of $280,000, with $140,000 of that amount guaranteed as
base salary and $140,000 tied to performance.
On August 13, 2007, he received an option to purchase up to 125,000
shares of our common stock at the purchase price of $1.62 per share (the
closing price of our common stock on the date of grant) pursuant to the 2003
Incentive Plan. The option will vest
over one year in equal monthly installments. The option will accelerate upon a “Change
in Control” as defined in the 2003 Incentive Plan. The option has a
three-year life, subject to continuous service.
This excerpt taken from the OVRL 10-Q filed Feb 1, 2008. Robert Farkaly. As our Vice
President of Worldwide Sales, Mr. Farkaly is an at-will employee and may
be terminated by us for any reason, with or without notice. He currently earns
an annual salary of $280,000,
with $140,000 of that amount guaranteed as base salary and $140,000 tied to
performance. On August 13, 2007, he received an option to purchase up to
125,000 shares of our common stock at the purchase price of $1.62 per share
(the closing price of our common stock on the date of grant) pursuant to the
2003 Incentive Plan. The option will vest over one year in equal monthly
installments. The option will accelerate upon a “Change in Control” as defined
in the 2003 Incentive Plan. The option has a three-year life, subject to
continuous service.
This excerpt taken from the OVRL 10-Q filed Nov 2, 2007. Robert Farkaly. As our Vice
President of Worldwide Sales, Mr. Farkaly is an at-will employee and may be
terminated by us for any reason, with our without notice. He currently earns an
annual salary of $280,000, with
$140,000 of that amount guaranteed as base salary and $140,000 tied to
performance. On August 13, 2007, he received an option to purchase up to 125,000
shares of our common stock at the purchase price of $1.62 per share (the
closing price of our common stock on the date of grant) pursuant to the 2003
Incentive Plan. The option will vest over one year in equal monthly
installments. The option will accelerate upon a “Change in Control” as defined
in the 2003 Incentive Plan. The option has a three-year life, subject to
continuous service.
This excerpt taken from the OVRL DEF 14A filed Oct 10, 2007. Robert Farkaly has served as our Vice President of Worldwide
Sales since April 2007. Mr. Farkaly joined us in June 2003 when we acquired
Okapi Software, Inc. where he served as Chief Marketing Officer since June 2002.
Since joining us, Mr. Farkaly has served as our Director of Product Marketing
(June 2003 to August 2003), Sales Director for Disk Products (August 2003 to
July 2005) and Director of Product Management (July 2005 to April 2007).
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