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UPIP > SEC Filings for UPIP > Form 8-K on 9-Nov-2012All Recent SEC Filings

Show all filings for UNWIRED PLANET, INC.



Change in Directors or Principal Officers, Financial Statements and Exhibits

Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(e) Material Compensatory Plan, Contract or Arrangement with Principal or Named Executive Officers

In connection with Anne Brenan's resignation as Chief Financial Officer of Unwired Planet, Inc. (the "Company"), pursuant to the terms of the Amended and Restated Change of Control Severance Agreement, between Ms. Brennan and the Company the form of which was previously filed as an exhibit to the Company's Quarterly Report on Form 10-Q filed with the SEC on February 8, 2012, and the First Amendment to the Amended and Restated Change of Control Severance Agreement previously filed as an exhibit to the Company's Current Report on Form 8-K filed with the SEC on August 3, 2012, as described in the Release of Claims between the Company and Ms. Brennan included as Exhibit 10.1 hereto, Ms. Brennan will receive a severance payment of $675,000. In addition, Ms. Brennan will receive full acceleration of the vesting of her outstanding options, and the period during which Ms. Brennan may exercise such options is extended by 15 months for a total of 18 months or the earlier expiration date of any such options. The Company will also provide 18 months of paid COBRA benefits to Ms. Brennan and any qualified beneficiaries.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

10.1 Release of Claims between Unwired Planet, Inc. and Anne Brennan, dated November 9, 2012

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