Harold L. Covert

This is a page dedicated to get more information for investors to evaluate the management style of Harold L. Covert who is a Chief Financial Officer and Exec. VP of Openwave Systems.

Here on this page we are inviting all readers to discuss Harold L. Covert. You may anonymously post comments with any information that they have about Harold L. Covert. You can post comments about their management style or whatever you want to talk about concerning their ability as an executive. Please refrain from personal attacks.

Here is a copy of personal Bio that we found:

Mr. Covert and the Company entered into an employment offer letter agreement dated September 12, 2005. Mr. Covert’s employment with Openwave commenced September 12, 2005 and Mr. Covert assumed the position of Chief Financial Officer effective October 1, 2005. According to the terms of the employment offer letter, Mr. Covert is entitled to a base salary of $29,166.66 per month (or $350,000 on an annualized basis), received a sign-on bonus of $150,000, and is eligible for a semi-annual incentive cash award under the Company’s Corporate Incentive Plan with a target equal to 100% (and a maximum payout of 150%) of Mr. Covert’s base salary actually earned for the six month performance period. Commencing January 1, 2006, Mr. Covert became eligible for quarterly incentive cash compensation awards in lieu of the semi-annual incentive cash compensation award to which Mr. Covert had been entitled under his employment offer letter agreement. The quarterly incentive cash compensation awards are granted pursuant to the Company’s Corporate Incentive Plan and are targeted at 100% of his base salary earned over a quarterly performance period. Mr. Covert’s actual incentive compensation may vary and shall be determined based upon the Company’s level of achievement of certain financial and other performance objectives established by the Compensation Committee. Further, Mr. Covert received (1) an option to purchase 300,000 shares of common stock, vesting over a four-year period with 25% to vest on September 12, 2006 and one forty-eighth to vest at the end of each subsequent month, and (2) a restricted stock purchase right for 100,000 shares, vesting over four years in equal installments of 25,000 shares on each of the first four anniversaries of September 12, 2005. The vesting of both the options and the restricted stock award is contingent upon continued employment until the applicable vesting date.