Exhibit 10.2

 

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September 9, 2015

David Puglia

Saratoga, CA. 95030

(408) 835-0011

Confirmation of Employment Terms

Dear David,

Jive Software (the “Company”) is pleased to offer you the position of EVP, Chief
Marketing Officer on the following terms:

Your base compensation will be $300,000 annually, paid in accordance with our
payroll policies and less payroll deductions and all required withholdings. Your
annual bonus target will be 50% of base or $150,000 for annual target cash
compensation of $450,000. Your bonus will be paid according to the terms and
conditions of our executive bonus plan pursuant to metrics established by the
Compensation Committee of our Board of Directors.

Subject to Board approval, you will be granted an option (the “Option”) to
purchase 175,000 shares of the Company’s Common Stock at the fair market value
price as of the day of grant and will vest 1/48th of the grant monthly,
commencing on the one-month anniversary of your start date. Also, subject to
Board approval, you will be granted 80,000 restricted stock units. The RSUs will
vest quarterly over a four (4) year period. The Option and Restricted Stock
Units will be issued pursuant to the Company’s Stock Incentive Plan and standard
form of stock option agreement, copies of which will be provided to you
separately.

In addition to the terms of this letter, you will be provided the benefits set
forth in the attached Change of Control and Retention Agreement.

All of your responsibilities and actions will at all times be subject to the
appropriate approval of the Chief Executive Officer and the Board of Directors
of the Company (the “Board”), and you will be reporting directly to Elisa
Steele, Chief Executive Officer. The Company may, in its discretion, change your
position, duties, and work location from time to time as it deems necessary,
although all efforts will be made to consult with you first.

You will be paid semi-monthly and you will be eligible for the standard Company
benefits, which currently includes the following: medical insurance, dental
insurance, life insurance, FlexTime, 401(k), and paid holidays. The standard
Company benefits offerings may, at the Company’s discretion, be changed from
time to time. Details about the current benefit plans are available for your
review.

This offer is contingent on the satisfactory completion of your reference and
background check, including verification of any employment references you have
provided and your legal entitlement to work in the United States. If the Company
is unable to obtain such verification following reasonable efforts to do so,
your employment will be terminated immediately.

 

JIVESOFTWARE 325 Lytton Ave Suite 200, Palo Alto, CA 94301

o. 1.650.319.1920    f. 1.650.319.0796    www.jivesoftware.com

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As a Company employee, you will be expected to abide by Company rules and
policies, which will be communicated to you by the Company, and may be modified
from time to time with notice at the Company’s discretion.

You will be employed as an “at-will employee” of the Company, which means that
you or the Company may terminate your employment at any time for any reason or
no reason, with or without cause, and with or without advance notice. This
at-will employment arrangement cannot be modified in any way except by a writing
signed by you and the Company’s Chief Executive Officer.

As a condition of your employment, you will be required to sign and return the
Employee Proprietary Information and Inventions Agreement enclosed with this
letter on your first day of employment.

Please sign and date this letter, and return via email to me at
dean.chabrier@jivesoftware.com to confirm your acceptance of employment at the
Company under the terms described above.

David, I am excited for you to get started and join our team on this exciting
journey!

Sincerely,

 

/s/ Dean Chabrier Dean Chabrier, Chief People Officer

Accepted:

 

/s/ David Puglia            

David Puglia

9/10/15

Date

Attachment: Employee Proprietary Information and Inventions Agreement

Change in Control Retention Agreement

 

JIVESOFTWARE 325 Lytton Ave Suite 200, Palo Alto, CA 94301

o. 1.650.319.1920    f. 1.650.319.0796    www.jivesoftware.com