EXHIBIT 99.1 COMPENSATION AGREEMENT Agreement dated as of the 13th day of September, 2000 by and between Sam M. Auriemma ("Optionee") and FileNET Corporation, a Delaware corporation (the Corporation). W I T N E S S E T H WHEREAS, Optionee is to provide services to the Corporation, and the Corporation wishes to provide an equity incentive to Optionee to provide such services. NOW, THEREFORE, in consideration of the above premises, the parties hereto agree as follows: 1. On September 13, 2000 Optionee was granted an option to acquire 140,000 shares of the Corporation's Common Stock (the Option) under the terms and conditions set forth in the Stock Option Agreement, attached hereto as Exhibit A. 2. Corporation and Optionee acknowledge and agree that the Option is granted as compensation for services and not for any capital-raising purposes or in connection with any capital-raising activities. 3. This agreement is intended to constitute a written compensation contract within the meaning of Rule 701 of the Securities Act of 1933, as amended. 4. Nothing herein or in the Stock Option Agreement shall confer upon Optionee any right to continue in the Corporation's employ or service for any period of specific duration or interfere with or otherwise restrict in any way the rights of the Corporation or Optionee, which rights are hereby expressly reserved by each party, to terminate Optionee's service at any time for any reason, with or without cause. IN WITNESS WHEREOF, the parties hereto have executed this agreement as of the date first above written. OPTIONEE: FILENET CORPORATION Sam M. Auriemma By: Title:EXHIBIT A STOCK OPTION AGREEMENT
- FILE Dashboard
- Filings
-
S-8 Filing
Filenet (FILE) Inactive S-8Registration of securities for employees
Filed: 20 Apr 01, 12:00am