EX-10.1
from 8-K
17 pages
This Letter Agreement (This “Agreement”) Constitutes the Agreement Between Immersion Corporation, a Delaware Corporation (The “Company”), and Scott A. Larson (Mr. Larson, Collectively With the Irrevocable Larson Family Investment Trust, of Which Mr. Larson Is the Sole Trustee and Beneficiary (The “Trust”), and Each Affiliate (As Defined Below) and Associate (As Defined Below) of Mr. Larson and the Trust Over Which Either Has Control (The “Investor Group”)). Each of the Company and the Investor Group Is Referred to Herein as a “Party” and Together as the “Parties.” Whereas, the Parties Are Entering Into This Agreement for Good and Valuable Consideration, the Receipt and Sufficiency of Which Are Hereby Acknowledged. Now, Therefore, in Consideration of the Agreements and Mutual Covenants Herein Contained, the Parties Agree as Follows: 1. Withdrawal of the Requests and Certain Related Matters
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EX-10.3
from 8-K
4 pages
May 26, 2023 1. Position. Effective on June 12, 2023 (The “Effective Date”), You Will Be Appointed as the Company’s Chief Financial Officer (“CFO”) Reporting to the Company’s Chief Executive Officer. This Position Is a Full-Time Position. 2. Cash Compensation. A. Base Salary. Your New Annual Base Salary (The “Base Salary”) Will Be $350,000, Subject to Applicable Tax Withholdings. the Base Salary Will Be Payable in Accordance With the Company’s Normal Payroll Practices. B. Bonus. You Will Receive a Bonus of $50,000 Payable at the End of January 2024 Subject to Continuous Employment Through the Bonus Payment Date. 3. Equity Awards
12/34/56