EXHIBIT 10.2
January 16, 2008
Merritt Alberti
RE: Employment Agreement
Dear Merritt:
Welcome to Callidus!
This is a letter of understanding that outlines the main details associated to
your compensation as part of the of the Compensation Technology & Callidus
acquisition transition.
Compensation (effective January 16, 2008)
Job Title: VP Americas Implementation & Configuration
Base Salary $210,000.00
Bonus: 50%
Stock: 20,000 Virginia Sajor (Stock Administration) will be sending you a letter
outlining the terms of your award.
The Company is an “at will” employer, which means that the employment
relationship may be terminated at any time by either the Company or by you, with
or without notice and with or without cause.
Should you be involuntarily terminated other than for cause at any time, you
shall receive a 6-month base pay severance payment in return for signing a full
release of rights.
Further transition actions are in the planning stages such as a formal migration
to Callidus benefits, 401K and ESPP programs. We will send out announcements and
more details on migration plans as they develop.
Please let me know if you have any questions. I wish you the best of luck and
welcome you to the Callidus team.
Sincerely,
/s/ Leslie Bowers                                 
Leslie Bowers
Vice President Human Resources
Callidus Software Inc.

           
 
  /s/ Merritt Alberti                  1-16-08
Agreed and Accepted:
      Date:  
 
         

Return to:
Michele Sasser
Cc: Bob Conti
     Compensation Technology file