November 28, 2016

Michael Fitzgerald
Re: Employee Offer Letter
Dear Mike:
ZELTIQ AESTHETICS, INC. (the “Company”) is pleased to offer you this Employee
Offer Letter (“Offer Letter”).
1.POSITION; DUTIES. Your title will be Senior Vice President, Global Human
Resources and you will report to me, Mark Foley, President and Chief Executive
Officer. In this position you will perform the duties outlined in the job
description and such other duties as may be assigned. The Company may change
your position, duties, and work location from time to time as it deems
necessary, subject to the terms of this Offer Letter. Your start date (“Start
Date”) is January 1, 2017.
2.    COMPENSATION.
(a)    Base Salary. You will be paid a salary at the annual rate of $300,000.00,
less required deductions and withholdings, payable in semi-monthly installments
or otherwise in accordance with the Company’s standard payroll practices for
salaried employees. This salary may be subject to adjustment pursuant to the
Company’s employee compensation policies in effect from time to time.
(b)    Initial Equity Grant. Subject to the approval of the Board of Directors,
you will be granted Restricted Stock Units (“RSUs”) with a Value of
$1,000,000.00 (one million dollars) pursuant to the Company’s 2011 Equity Plan. 
The vesting commencement date of these shares shall be the 15th of the month
following your Start Date.   The number of shares subject to the RSUs shall be
equal to the Value set forth above divided by the average Fair Market Value of
the Company’s stock for thirty calendar days prior to the Date of Grant. The
RSUs shall vest over four (4) years with one-fourth (1/4) of the RSU’s vesting
at the end of twelve (12) months after the vesting commencement date, and each
remaining one-fourth (1/4) vesting annually at the end of twenty-four (24)
months, thirty-six (36) months, and forty-eight (48) months after the vesting
commencement date, respectively. The RSUs will be subject to the terms and
conditions applicable to RSUs granted under the Company’s 2011 Equity Incentive
Plan, and as described in that Plan and the applicable equity agreement.

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(c)    Corporate Bonus Plan. Your target annual bonus shall be 50% of your base
salary (“Target Bonus”). All other aspects of your eligibility are pursuant to
the Company's Corporate Bonus Plan (the “Bonus Plan”). You must be employed on
the date of payout for the bonus to be considered earned.
3.    BENEFITS. You shall be entitled to the Company’s employment benefits
available to all Company employees, as the same currently exist or may exist in
the future, pursuant to the terms of the applicable benefit plans. You
acknowledge that participation in Company benefit programs may require payroll
deductions and/or direct contributions by you.
4.    EMPLOYMENT TERMS. Your employment relationship with the Company will be
governed by the general employment policies and practices of the Company. You
will be required as a condition to your employment with the Company, to execute
and abide by the Company’s standard Confidential Information and Invention
Assignment Agreement, attached hereto as EXHIBIT A (the “Confidential
Information and Invention Assignment Agreement”). Your duties under the
Confidential Information and Invention Assignment Agreement shall survive
termination of your employment with the Company. By signing this Offer Letter,
you again acknowledge that a remedy at law for any breach or threatened breach
by you of the provisions of the Confidential Information and Invention
Assignment Agreement would be inadequate, and you therefore agree that the
Company shall be entitled to injunctive relief in case of any such breach or
threatened breach.
5.    AT-WILL EMPLOYMENT. Your employment with the Company will be “at-will,”
meaning that either you or the Company will be entitled to terminate your
employment at any time, and for any or no reason, with or without cause.
Although your job duties, title, compensation and benefits, as well as the
Company’s personnel policies and procedures, may change from time to time, the
“at will” nature of your employment may only be changed in an express written
agreement signed by you and a duly authorized officer of the Company.
6.    SEVERANCE.
(a)    Termination Without Cause Outside of Covered Period. If: (i) at any time
other than during the Covered Period your employment is terminated by the
Company without Cause (and other than a result of your death or disability); and
(ii) not later than 60 days following your termination of employment you execute
a general release of claims (the “Release”) in favor of the Company in such form
provided by the Company, return such Release to the Company within the
applicable time period set forth therein, and permit such Release to become
effective in accordance with its terms; then, on the sixtieth (60th) day
following such termination of employment, you shall receive or commence to
receive, as the case may be:

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(i)    Continuation of your then-current base salary, less required deductions
and withholdings, for a period of twelve (12) months after your employment
termination date, payable on the Company’s regular payroll dates;
(ii)     Your Target Bonus, less required deductions and withholdings, for the
year in which your employment terminates; to be paid within 10 days of your
execution of the Release;
(iii)    The Company will pay your COBRA health insurance premiums sufficient to
maintain your then-current coverage for a period of twelve (12) months following
termination of employment, provided that you timely elect COBRA, continue to be
eligible for COBRA during such time period, and do not become eligible for
health insurance benefits through another employer. You agree to promptly notify
the Company in writing if you become eligible for health insurance benefits
through another employer during the time you are receiving Severance Benefits.
Notwithstanding the foregoing, if the Company determines, in its sole
discretion, that it cannot provide the foregoing COBRA subsidy without
potentially violating applicable law (including, without limitation, Section
2716 of the Public Health Service Act), the Company shall instead provide you
with a taxable monthly payment equal to the monthly COBRA subsidy, which shall
be paid regardless of whether you elect COBRA coverage, shall commence in the
month following the month in which you incur a Separation from Service (as
defined in Section 8(c) below) and shall end on the earlier of the date you
obtain other employment and the date that is twelve (12) months following your
Separation from Service.
(b)    Termination Without Cause or Good Reason Resignation During Covered
Period. If: (i) at any time during the Covered Period your employment is
terminated by the Company without Cause or by you for Good Reason (and other
than a result of your death or disability); and (ii) not later than 60 days
following your termination of employment you execute a Release in favor of the
Company in such form provided by the Company, return such Release to the Company
within the applicable time period set forth therein, and permit such Release to
become effective in accordance with its terms; then, on the sixtieth (60th) day
following such termination of employment, you shall receive or commence to
receive, as the case may be:
(i)    Continuation of your then-current base salary (as determined without
giving effect to any reduction in base salary that would give rise to your right
to resign for Good Reason), less required deductions and withholdings, for a
period of twelve (12) months after your employment termination date, payable on
the Company’s regular payroll dates;
(ii)    Your Target Bonus, less required deductions and withholdings, for the
year in which your employment terminates;

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(iii)    Full acceleration of the vesting, if applicable, of all of your then
outstanding equity awards, which includes any equity awards granted to you prior
to or following the consummation of a Change in Control, in each case effective
as of your last date of employment. To the extent necessary to give effect to
the intent of the foregoing provision, notwithstanding anything to the contrary
set forth in your equity award agreements or the applicable equity incentive
plan under which such equity award was granted that provides that any then
unvested portion of your equity award will immediately expire upon your
termination of employment, no unvested portion of your equity award shall
generally terminate any earlier than three (3) months following any termination
of your employment that is a termination without Cause or Good Reason
resignation that occurs prior to a Change in Control.
(iv)     The Company will pay your COBRA health insurance premiums sufficient to
maintain your then-current coverage for a period of one year following
termination of employment, provided that you timely elect COBRA, continue to be
eligible for COBRA during such time period, and do not become eligible for
health insurance benefits through another employer. You agree to promptly notify
the Company in writing if you become eligible for health insurance benefits
through another employer during the time you are receiving the COBRA premium
benefits. Notwithstanding the foregoing, if the Company determines, in its sole
discretion, that it cannot provide the foregoing COBRA subsidy without
potentially violating applicable law (including, without limitation, Section
2716 of the Public Health Service Act), the Company shall instead provide you
with a taxable monthly payment equal to the monthly COBRA subsidy, which shall
be paid regardless of whether you elect COBRA coverage, shall commence in the
month following the month in which you incur a Separation from Service (as
defined in Section 8(c) below) and shall end on the earlier of the date you
obtain other employment and the one year anniversary of your Separation from
Service.
(c)    Definitions. Definitions of Cause, Change in Control, Covered Period and
Good Reason are as follows:
(i)    “Cause” shall mean: (A) a willful failure by you to substantially perform
your duties hereunder, other than a failure resulting from your complete or
partial incapacity due to physical or mental illness or impairment; (B) a
willful act by you which constitutes gross misconduct and which is injurious to
the Company; (C) a willful breach by you of a material provision of this Amended
Offer Letter or your Confidential Information and Invention Assignment
Agreement; (D) a material and willful violation by you of a federal or state law
or regulation applicable to the business of the Company; or (E) termination of
your employment in connection with the bankruptcy, insolvency, liquidation, or
similar winding-up of the business of the Company.
(ii)    “Change in Control” shall mean: (A) a sale of all or substantially all
of the Company's assets; or (B) any merger, consolidation or other business
combination transaction of the Company with or into another corporation, entity
or person, other than a transaction in which

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the holders of at least a majority of the shares of voting capital stock of the
Company outstanding immediately prior to such transaction continue to hold
(either by such shares remaining outstanding or by their being converted into
shares of voting capital stock of the surviving entity) a majority of the total
voting power represented by the shares of voting capital stock of the Company
(or the surviving entity) outstanding immediately after such transaction other
than any transaction involving the issuance of any newly issued equity
securities solely for cash.
(iii)    “Covered Period” shall mean the period commencing three (3) months
prior to the consummation of a Change in Control and ending eighteen (18) months
following the consummation of a Change in Control. For such purposes, if the
condition triggering your right to resign for Good Reason occurs within the
Covered Period, and your employment terminates within thirty (30) following
expiration of the Cure Period (as defined below), the resignation for Good
Reason will be deemed to have occurred during the Covered Period.
(iv)     “Good Reason” shall mean: (A) any material reduction in your base
compensation (which includes base salary, Target Bonus and any other base
compensation); (B) a material diminution of your job duties or responsibilities;
or (C) a change in the location of your employment of more than 20 miles (which
is material) from its current location unless such relocation is within 50 miles
of your principal residence; provided, however, that in order to terminate your
employment for Good Reason you shall first give the Company written notice
stating with reasonable specificity the basis for the termination with Good
Reason within ninety (90) days of the first occurrence of the event giving rise
to Good Reason; give the Company a period of thirty (30) days to cure or remedy
the problem, unless such problem cannot be cured or remedied within thirty (30)
days, in which case the period for remedy or cure shall be extended for a
reasonable time (not to exceed an additional thirty (30) days) (the “Cure
Period”); and terminate your employment within thirty (30) days following the
expiration of such Cure Period.
7.    OUTSIDE ACTIVITIES. While you render services to the Company, you will not
engage in any other gainful employment, business or activity without the written
consent of the Company. While you render services to the Company, you also will
not assist any person or organization in competing with the Company, in
preparing to compete with the Company or in hiring any employees of the Company.
During the term of your employment by the Company, except on behalf of the
Company, you shall not directly or indirectly, whether as an officer, director,
stockholder, partner, proprietor, associate, representative, consultant, or in
any capacity whatsoever engage in, become financially interested in, be employed
by or have any business connection with any other person, corporation, firm,
partnership or other entity whatsoever which were known by you to compete
directly with the Company, throughout the world, in any line of business engaged
in (or planned to be engaged in) by the Company; provided, however, that
anything above to the contrary notwithstanding, you may own, as a passive
investor, securities of any competitor

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corporation, so long as your direct holdings in any one such corporation shall
not in the aggregate constitute more than 1% of the voting stock of such
corporation.
8.    COMPLIANCE WITH IRC SECTION 409A.
(a)    Exemptions. The severance and other benefits under this Amended Offer
Letter are intended to qualify for exemptions from application of Section 409A
of the Internal Revenue Code of 1986, as amended (the “Code”) and the
regulations and other guidance thereunder and any state law of similar effect
(collectively, “Section 409A”), provided under Treasury Regulations
1.409A-1(b)(4), 1.409A1-(b)(5) and 1.409A-1(b)(9), and this Amended Offer Letter
will be construed to the greatest extent possible as consistent with those
provisions, and to the extent not so exempt, this letter (and any definitions
hereunder) will be construed in a manner that complies with Section 409A to the
extent necessary to avoid adverse personal tax under Section 409A.
(b)    Deferral. Notwithstanding anything herein to the contrary, if at the time
of your termination of employment with the Company you are a “specified
employee” as defined in Section 409A and the deferral of the commencement of any
payments or benefits otherwise payable hereunder as a result of such termination
of employment is necessary in order to prevent any adverse tax consequences
under Section 409A, then the Company will defer the commencement of the payment
of any such payments or benefits hereunder (without any reduction in such
payments or benefits ultimately paid or provided to you) until the date that is
six months and one day following your termination of employment with the Company
(or such earlier date as is permitted without incurring adverse consequences
under Section 409A).
(c)    Separation from Service. Notwithstanding anything to the contrary herein,
a termination of employment shall not be deemed to have occurred for purposes of
any provision of this Offer Letter providing for the payment of amounts or
benefits upon or following a termination of employment unless such termination
is also a “Separation from Service” within the meaning of Section 409A and, for
purposes of this Offer Letter, references to a “resignation,” “termination,”
“termination of employment” or like terms shall mean Separation from Service.
(d)    Timing of Payments. For the avoidance of doubt, any severance benefit
payments otherwise scheduled to be made prior to the sixtieth (60th) day
following your termination of employment shall instead accrue and will be paid
on such sixtieth (60th) day following your termination of employment.

9.    PARACHUTE PAYMENTS.

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(a)    Reduced Payment. If any payment or benefit you would receive from the
Company or otherwise in connection with a Change of Control or other similar
transaction (“Payment”) would: (i) constitute a “parachute payment” within the
meaning of Section 280G of the Code; and (ii) but for this sentence, be subject
to the excise tax imposed by section 4999 of the Code (the “Excise Tax”), then
such Payment will be equal to the Reduced Amount. The “Reduced Amount” will be
either: (x) the largest portion of the Payment that would result in no portion
of the Payment being subject to the Excise Tax; or (y) the largest portion, up
to and including the total, of the Payment, whichever amount ((x) or (y)), after
taking into account all applicable federal, state and local employment taxes,
income taxes, and the Excise Tax (all computed at the highest applicable
marginal rate), results in your receipt, on an after-tax basis, of the greater
amount of the Payment notwithstanding that all or some portion of the Payment
may be subject to the Excise Tax. If a reduction in payments or benefits
constituting “parachute payments” is necessary so that the Payment equals the
Reduced Amount, reduction will occur in the manner that results in the greatest
economic benefit for you.
10.    Calculations. The independent registered public accounting firm engaged
by the Company for general audit purposes as of the day prior to the effective
date of the event described in Section 280G(b)(2)(A)(i) of the Code will perform
the foregoing calculations. If the independent registered public accounting firm
so engaged by the Company is serving as accountant or auditor for the
individual, entity or group effecting such Change of Control or similar
transaction, the Company will appoint a nationally recognized independent
registered public accounting firm to make the determinations required hereunder.
The independent registered public accounting firm engaged to make the
determinations hereunder will provide its calculations, together with detailed
supporting documentation, to the Company and you within 30 calendar days after
the date on which your right to a Payment is triggered (if requested at that
time by the Company or you) or such other time as reasonably requested by the
Company or you. Any good faith determinations of the independent registered
public accounting firm made hereunder will be final, binding and conclusive upon
the Company and you.
11.    ENTIRE AGREEMENT. This Offer Letter, including the Confidential
Information and Invention Assignment Agreement attached hereto, sets forth the
full and complete agreement between you and the Company regarding your
employment with the Company as of the Effective Date. Any previous, additional
or contrary terms, representations, offers or agreements, whether written or
oral, that may have been made to you are hereby revoked and superseded in their
entirety by this offer.
We hope that you find the foregoing terms acceptable. You may indicate your
agreement with these terms and accept this Offer Letter by signing and dating
this Offer Letter below and returning it to me no later than Friday, December 2,
2016.

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If you have any questions, please call me at (650) 353-6885.

Very truly yours,

/s/ Mark J. Foley
Mark Foley, President & CEO
AGREED AND ACCEPTED
I have read and accept this Offer Letter:

/s/ Mike Fitzgerald

Michael Fitzgerald
Dated:
EXHIBIT A

ZELTIQ AESTHETICS, INC.
EMPLOYEE CONFIDENTIAL INFORMATION AND
INVENTION ASSIGNMENT AGREEMENT

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