[BOLDER TECH LETTERHEAD]
SANDRA D. SCHREIBER
Y2000 TRANSITION AGREEMENT
o Schreiber remains a full time employee through the end of April.
o Becomes a part time employee from May through August 2000.
o Will work and be paid for a minimum of
o 10 days in May, June and July
o 5 days per month in August
o Will be guaranteed 5 days payment in September.
o Pay for days worked as a part time employee will be at a rate of $850 per day.
o May work additional days at the request of Roger Warren.
o Will be paid for accrued vacation and personal time off as of the end of full time employment.
o BOLDER will provide and cover cost of existing benefits package through December 31, 2000.
o Stock options:
o All stock options vest at their current rate through August 2000.
o After August, Schreiber will receive $125.00 per working hour -- maximum of $1000 per working day, on an
"as needed" basis at the request of Roger Warren. Schreiber will make reasonable effort to accommodate
requests for such work. Appropriate out-of-pocket expenses will be paid for or reimbursed by Bolder. Bolder
will indemnify, defend and otherwise hold harmless Schreiber for all work performed.
o Rick Weitzel will be appointed to Vice President effective March 1, and will assume all of Schreiber's existing
direct report responsibilities. Weitzel will report directly to Warren.
o For the period March 1 - August 31, Sandra Schreiber and Roger Warren will agree on projects to be
completed during that timeframe. Schreiber is eligible to receive payment for any M.B.O. achievement through
August 31, as part of the 2000 Officer's Incentive Program. Should the objectives be changed, they become
payable to Schreiber as if achieved.
o Schreiber will be allowed to exercise vested stock options through January 31, 2001.
o Either party with 30 days notice may terminate this agreement.
o If this agreement is terminated by Bolder, Schreiber will be paid for March, April and the difference betwee