EX-10.19
from 10KSB
1 page
June 22, 2000 Donald J. McDonald, Jr. C/O Directrix, Inc. 236 West 26th Street, Suite 12w New York, New York 10001 Re: Employment Agreement Effective as of March 15, 1999 Dear Mr. McDonald: We Refer to the Employment Agreement Between Directrix, Inc. and You Effective as of March 15, 1999 ("Employment Agreement"). All Terms Not Otherwise Defined Herein Shall Have the Same Meaning as in the Employment Agreement. 1. Salary Reduction. at Our Request, You Have Agreed to a Temporary Reduction in Your Base Salary From $204,750 to $180,000 Effective With the Pay Period Beginning June 24, 2000 and Through the End of Our Fiscal Year Ended March 31, 2001. 2. Option Issuance. in Consideration of Your Agreement to the Reduction in Your Base Salary Provided for Above, We Will Grant You an Option ("Option") to Acquire 5,000 Shares of Directrix Common Stock in the Form Attached. the Option Provides for an Exercise Price of $4.00 Per Share and the Option Is Fully Vested. if the Foregoing Correctly Reflects You Agreement With the Matters Provided for Herein, Please Sign Below. We Appreciate Your Support of Directrix. Sincerely, Directrix, Inc. By: J. Roger Faherty, Chairman & CEO Agreed To: Donald J. McDonald, Jr
12/34/56
EX-10.18
from 10KSB
1 page
June 22, 2000 Richard J. Kirby C/O Directrix, Inc. 236 West 26th Street, Suite 12w New York, New York 10001 Re: Employment Agreement Effective as of March 15, 1999 Dear Mr. Kirby: We Refer to the Employment Agreement Between Directrix, Inc. and You Effective as of March 15, 1999 ("Employment Agreement"). All Terms Not Otherwise Defined Herein Shall Have the Same Meaning as in the Employment Agreement. 1. Salary Reduction. at Our Request, You Have Agreed to a Temporary Reduction in Your Base Salary From $202,584 to $180,000 Effective With the Pay Period Beginning June 24, 2000 and Through the End of Our Fiscal Year Ended March 31, 2001. 2. Option Issuance. in Consideration of Your Agreement to the Reduction in Your Base Salary Provided for Above, We Will Grant You an Option ("Option") to Acquire 5,000 Shares of Directrix Common Stock in the Form Attached. the Option Provides for an Exercise Price of $4.00 Per Share and the Option Is Fully Vested. if the Foregoing Correctly Reflects You Agreement With the Matters Provided for Herein, Please Sign Below. We Appreciate Your Support of Directrix. Sincerely, Directrix, Inc. By: J. Roger Faherty, Chairman & CEO Agreed To: Richard J. Kirby
12/34/56
EX-10.17
from 10KSB
1 page
June 22, 2000 J. Roger Faherty C/O Directrix, Inc. 236 West 26th Street, Suite 12w New York, New York 10001 Re: Employment Agreement Effective as of March 15, 1999 Dear Mr. Faherty: We Refer to the Employment Agreement Between Directrix, Inc. and You Effective as of March 15, 1999 ("Employment Agreement"). All Terms Not Otherwise Defined Herein Shall Have the Same Meaning as in the Employment Agreement. We Also Refer to the Option Agreement Dated July 15, 2000 ("Original Option") Which Granted You an Option to Acquire 50,000 Shares of Directrix Common Stock at an Exercise Price of $6.4375 Per Share and Which Provided for One Third of the Options to Vest 6 Months After Grant, a Second One-Third to Vest 12 Months After Grant and the Final One-Third to Vest 18 Months After Grant. 1. Salary Reduction. at Our Request, You Have Agreed to a Temporary Reduction in Your Base Salary From $405,169 to $205,000 Effective With the Pay Period Beginning June 24, 2000 and Through the End of Our Fiscal Year Ended March 31, 2001. 2. Option Replacement. in Consideration of Your Agreement to the Reduction in Your Base Salary Provided for Above, We Will Replace the Original Option Previously Granted to You With the Attached Option Agreement ("New Option"). the New Option Is the Same as the Original Option Except That the New Option Provides for an Exercise Price of $4.00 Per Share and the New Option Is Fully Vested. the Original Option Is Hereby Cancelled. if the Foregoing Correctly Reflects You Agreement With the Matters Provided for Herein, Please Sign Below. We Appreciate Your Support of Directrix. Sincerely, Directrix, Inc. By: Donald J. McDonald, Jr., President Agreed To: J. Roger Faherty
12/34/56
EX-10
from 10KSB
1 page
First Amendment to Directrix, Inc. Stock Incentive Plan for Outside Directors 1. Defined Terms. All Defined Terms Used Herein Shall Have the Same Meaning as in the Directrix, Inc. Stock Incentive Plan for Outside Directors ("Plan"). 2. Increase in Number of Shares Subject to the Plan. the First Sentence of Section 3 of the Plan Shall Be Modified to Increase the Number of Shares Subject to the Plan From 20,000 to 150,000. After Modification, the First Sentence of Section 3(a) Shall Read as Follows: "3. Stock Subject to the Plan Options Shall Be Granted Under the Plan With Respect to a Number of Shares of Company Stock as Set Forth in Section 6 That in the Aggregate Does Not Exceed 150,000 Shares." 3. Initial Grant; Increase in Formula Grant of Options. the First Sentence of Section 6 of the Plan Shall Be Modified to Increase the Number of Shares of Company Stock in the Option Granted to Each Director Eligible to Participate in the Plan From 1,250 Shares of Company Stock Per Year to 5,000 Shares of Company Stock Per Year and to Provide for an Initial Grant Options for 20,000 Shares of Company Stock. After Modification, the First Sentence of Section 6 Shall Read as Follows: "6. Initial Grant; Formula Grant of Options the Company Shall Make an Initial Grant of Options With Respect to 20,000 Shares of Company Stock When the Company Makes Its Initial Grant to Employees to Each Director Who Is, on Such Date, Eligible to Participate in the Plan. on the Last Trading Day of Each Fiscal Year of the Company, Each Director Who Is, on Such Date, Eligible to Participate in the Plan, Shall Be Granted an Option With Respect to 5,000 Shares of Company Stock." 4. No Further Modification. Except as Otherwise Modified Herein, the Terms and Provisions of the Plan Shall Continue in Full Force and Effect
12/34/56
EX-10.15
from 10KSB
1 page
First Amendment to Directrix, Inc. Stock Incentive Plan 1. Increase in Number of Shares Subject to the Plan. the First Sentence of Section 3(a) of the Directrix, Inc. Stock Incentive Plan ("Plan") Shall Be Modified to Increase the Number of Shares Subject to the Plan From 200,000 to 400,000 and Shall Read as Follows: "3. Stock Subject to the Plan (A) Plan Limit Subject to Adjustment as Provided in Section 16 Hereof, the Committee May Grant Incentive Awards Hereunder With Respect to a Number of Shares of Company Stock That in the Aggregate Does Not Exceed 400,000 Shares." 2. Increase in Maximum Annual Grant. the First Sentence of Section 3(b) of the Plan Shall Be Modified to Increase the Maximum Number of Participant Incentive Awards (As Defined in the Plan) That Can Be Granted to Any Individual in Any Year From 20,000 to 50,000 and Shall Read as Follows: "(B) Individual Limit Subject to Adjustment as Provided in Section 14 Hereof, the Committee Shall Not, During Any Calendar Year, Grant Any One Participant Incentive Awards Hereunder With Respect to More Than 50,000 Shares of Company Stock. 3. No Further Modification. Except as Otherwise Modified Herein, the Terms and Provisions of the Plan Shall Continue in Full Force and Effect
12/34/56
