SM » Topics » Amendment to Employment Agreement of Mark A. Hellerstein

This excerpt taken from the SM 8-K filed Dec 19, 2005.

Amendment to Employment Agreement of Mark A. Hellerstein

 

The Board approved an amendment to the employment agreement between the Company and Mark A. Hellerstein, Chairman, President and Chief Executive Officer, to:

 

 

provide for a specific term for the agreement ending June 30, 2007 and certain compensation arrangements in the event that there is a termination of employment prior to that date; and

 

 

provide that in order to comply with Section 409A any severance payments made pursuant to the Agreement will not commence until the expiration of six months from the date of separation from service.

 

A copy of the amendment to the employment agreement is filed as Exhibit 10.3 to this report and is incorporated by reference herein.

 

This excerpt taken from the SM 8-K filed Dec 19, 2005.

Amendment to Employment Agreement of Mark A. Hellerstein

 

The Board approved an amendment to the employment agreement between the Company and Mark A. Hellerstein, Chairman, President and Chief Executive Officer, to:

 

 

provide for a specific term for the agreement ending June 30, 2007 and certain compensation arrangements in the event that there is a termination of employment prior to that date; and

 

 

provide that in order to comply with Section 409A any severance payments made pursuant to the Agreement will not commence until the expiration of six months from the date of separation from service.

 

A copy of the amendment to the employment agreement is filed as Exhibit 10.3 to this report and is incorporated by reference herein.

 

EXCERPTS ON THIS PAGE:

8-K
Dec 19, 2005
8-K
Dec 19, 2005
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