Exhibit 10.14

 

CYBERSOURCE CORPORATION ORAL EMPLOYMENT AGREEMENTS

WITH DIRECTORS AND NAMED EXECUTIVE OFFICERS

 

Arrangements with Named Executive Officers

 

Certain named executive officers have oral employment arrangements with the
Company as follows:

 

Name

--------------------------------------------------------------------------------

  

Title

--------------------------------------------------------------------------------

   Base Salary

--------------------------------------------------------------------------------

   Employment
Term

--------------------------------------------------------------------------------

William S. McKiernan

   Chairman and Chief Executive Officer    $ 300,000    At-will

Robert J. Ford

   Executive Vice President, Product Development and Chief Technology Officer   
$ 225,000    At-will

Steven D. Pellizzer

   Vice President, Finance and Chief Financial Officer    $ 200,000    At-will

Michael A. Walsh

   Vice President, Worldwide Sales    $ 200,000    At-will

 

In addition, such officers are eligible to receive for each quarter in 2005 a
cash bonus equal to 3% to 5% of such officer’s annual base salary if the Company
exceeds certain corporate profit milestones for that quarter.

 

Arrangements with Non-Employee Directors

 

Each non-employee member of the Board of Directors of the Company is eligible to
receive compensation, for 2005, as follows:

 

Annual retainer for each non-employee member of the Board

   $5,000 and an option to purchase 10,000 shares of Common Stock of the Company

Annual retainer for serving as the lead outside director

   An option to purchase 5,000 shares of Common Stock of the Company

Annual retainer for each non-employee member of Board Committee

   $1,000 per Board Committee and an option to purchase 2,000 shares of Common
Stock of the Company

Annual retainer for serving as a non-employee Chair of a Board Committee

   $1,000 (in addition to the standard Board Committee retainer) and an option
to purchase 5,000 shares of Common Stock of the Company (in lieu of the standard
Board Committee option)

 

All options to non-employee directors are discretionary grants pursuant to the
Company’s 1999 Stock Option Plan.