EXHIBIT 10.1.9
[AIRONET WIRELESS COMMUNICATIONS LETTERHEAD]
August 18, 1998
Mr. Ronald B. Willis 13 Harris Farm Road Bolton, MA 01740
Dear Ron:
I am pleased to offer you the regular full-time exempt position of Senior Vice President Sales & Marketing for Aironet Wireless Communications, Inc. (a subsidiary of Telxon Corporation). The following are terms of the agreement between you and Aironet Wireless Communications, Inc.:
1) Your base salary will be $6,153.86 biweekly, which equates to
$160,000.00 annualized.
2) You will report to the President and CEO. Your start date shall not be
any later than September 14, 1998.
3) You will receive a grant of 100,000 Aironet employee stock options with
an exercise price of approximately $3.50 and a vesting schedule of
one-third the grant each year over three years.
4) You will be eligible to participate in Aironet's annual Incentive
Compensation Program, with bonus potential up to $90,000 based upon
meeting certain performance criteria to be outlined by the President
and CEO, and agreed upon between both parties.
5) You understand the position requires you to relocate to the Akron, Ohio
area. Aironet will reimburse your relocation expenses as outlined in
the enclosed Relocation Assistance and Moving Policy Summary.
Arrangements to move furnishings must be coordinated through ProSource
Properties, Ltd. Please contact Meg Pais in Telxon's Employee Services
department if you have any questions concerning your relocation. P ...
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