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| Authored by: Anonymous on Monday, October 08 2012 @ 03:22 PM EDT |
| We all should agree here that Hogan is a dubious character.... [ Reply to This | Parent | # ]
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| Authored by: nsomos on Monday, October 08 2012 @ 03:30 PM EDT |
Its on page 33 of
http://groklawstatic.ibiblio.org/pdf4/ApplevSamsung-2024ExB.pdf
Really short and sweet.
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FOR VALUE RECEIVED, Velvin Hogan ("Employee") promises to pay
SEAGATE TECHNOLOGY ("Company"), 920 Disc Drive, Scotts Valley,
California, 95066, on order, on June 30, 1990 the sum of TWENTY
FIVE THOUSAND DOLLARS with interest at TEN PERCENT (10%) per
annum, interest to be forgiven so long as Employee remains in
Seagate's employment. Employee further agrees to apply FIFTY
PERCENT (50%) of any bonus received, net of tax, to payment of
principal and any interest due on the note starting with the
bonus payment for calendar quarter performance beginning
April 1, 1989.
Any unpaid balance is due and payable within 270 days of
Employee's termination of employment with Seagate or sale of the
Employee's real property, whichever occurs first.
This note is subject to Section 2966 of the Civil Code, which
provides that the holder of this note shall give written notice
to the Trustor, or his successor in interest, of prescribed
information at least 60 and not more than 150 days before any
balloon payment is due.
This note supersedes any and all past note agreements with
Employee. The Employee will be forgiven past interest charges
that may have accrued and were unpaid.
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