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Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (58900)	4/20/1999 12:42:00 PM
From: Jim McMannis	Read Replies (1) \| Respond to of 97611

Oh Gawd, another corporate rip off. This time Blowhardt Pfeiffer. Absolutely pathetic. Jim

To: E_K_S who wrote (58900)	4/20/1999 1:29:00 PM
From: Feathered Propeller	Read Replies (1) \| Respond to of 97611

Re EP: The 3/99 proxy says his options "vest", but I don't see any "requirement" to exercise. His 875,000 options from 1998 are at $31.25, so no incentive exists to exercise those right away. He also has to agree not to sue or go with a competitor. Am I missing something? From proxy: "In 1992, Compaq entered into an employment agreement with Mr. Pfeiffer (the "CEO Agreement"). The CEO Agreement describes the terms of Mr. Pfeiffer's employment, including his right to receive a severance payment equal to four times his base salary (excluding bonuses) upon (i) termination of employment without cause or(ii) his resignation following his removal as Chief Executive Officer or a change of control of Compaq. In such events, Mr. Pfeiffer will vest in all his outstanding stock options. Mr. Pfeiffer's right to receive the severance payment and accelerated stock option vesting is subject to his releasing any claims against Compaq and agreeing not to compete with Compaq or solicit its employees for 24 months. "