Exhibit 10.30


 


 


  


January 19, 2015


 


Eric Lundberg


PO
Box 293


New Vernon, NJ 07976


 


Dear Eric,


 


We are pleased to extend
to you an offer of employment with TheStreet, Inc. (the “Company” or “TheStreet”) as described below:


 


		1.	POSITION: You will serve in a full-time capacity at TheStreet with the title of Chief Financial
Officer. You will perform such duties, functions and responsibilities as are generally incident to such position, reporting to
and subject to the direction of the President & Chief Executive Officer or his or her designee.



 


		2.	TERM: You will commence employment on or January 19, 2016, and your employment shall continue until
terminated by either you or the Company.



 


		3.	AT WILL STATUS: Your employment with TheStreet is “at will.” This means that either
you or TheStreet may terminate your employment at any time, with or without notice, and with or without cause. Your status as an
“at will” employee cannot be changed or retracted, either orally or in writing, by any policy or conduct, unless you
receive a document expressly stating that your employment is no longer at-will, which is signed both by you and the Company’s
Chief Executive Officer.



 


		4.	COMPENSATION: We will compensate you as an exempt employee with a base salary at the rate of $11,458.33
semi-monthly, which is $275,000 on an annualized basis. Payments are made on the 15th and last day of each month (or
the preceding business day if the regular payday falls on a weekend or holiday) and will be subject to applicable withholding and
taxes.



 


		5.	BONUS: In addition to your base salary, you are eligible to receive a bonus of up to 40% of the
base salary you receive during the calendar year (the “Annual Bonus”), as determined by the Company in its sole discretion,
which determination may be based on both your individual performance and the performance of the Company. Bonuses will be calculated
quarterly. Target bonuses for each calendar quarter will be 22.5% of the annual target bonus, with the remaining 10% of the annual
target bonus to be based upon the full year. Any bonus amount determined by the Company to be payable shall be paid not later than
30 days following the end of the quarter, with respect to the first, second and/or third quarter bonus amounts and not later than
60 days following the end of the year, with respect to the fourth quarter and full year bonus amounts, provided that you must remain
a full-time employee of the Company through the payment date in order to receive the payment. For 2016, your Annual Bonus will
be guaranteed at a minimum of $110,000 for the calendar year. In the event that your aggregated quarterly bonuses do not meet the
minimum for the calendar year, the Company will make up the difference payable within 60 days following the end of the year provided
that you must remain a full-time employee of the Company with no notice by you of your intent to cease such employment through
the payment date in order to receive the payment.



 


	14 Wall Street	15th Floor	NY, NY 10005	T
    212 321 5000	www.thestreet.com


 




     


     


    

  


		6.	BENEFITS: You will be eligible to participate in any employment benefits plans provided by TheStreet,
subject to the terms, conditions and eligibility requirements of any relevant benefits plan documents. At present, these benefits
include, but are not limited to, group medical, dental and vision plans, 100% company paid coverage under the Company’s comprehensive
Life Insurance, Short-Term and Long-Term Disability Plans subject to applicable waiting periods and four (4) weeks of paid vacation
annually (prorated for any partial year). You will also have the opportunity to participate in TheStreet’s 401(k) Savings
Plan which currently has an 8% employer match, Flexible Spending Account Plans and Transit Benefits, subject to the terms, conditions
and eligibility requirements of such plans. TheStreet reserves the right to amend or terminate any of its benefit programs at any
time with or without notice in its sole discretion.



 


		7.	EQUITY COMPENSATION: Subject to approval by the Compensation Committee of the Board of Directors
of the Company, as soon as practicable following your start date, the Company will grant you an option to purchase 650,000 shares
of common stock of the Company (the “Option”). The Option will vest and become exercisable at the rate of twenty-five
percent of the shares subject to the Option on the first anniversary of the Start Date and 1/36 of the remaining seventy-five percent
of the shares subject to the Option in monthly increments over the next 36 months thereafter on the anniversary of the grant date
(or the last day of the month, if necessary). The per share exercise price for the Option will be the closing price of TheStreet
common stock on the NASDAQ Stock Market on the grant date. The Option will be a nonqualified and a non-plan grant intended to constitute
an “inducement award” within the meaning, and subject to the requirements of, the corporate governance rules for the
NASDAQ Stock Market. Details regarding this grant, including any terms and conditions will be set forth in a separate grant agreement
(the “Notice of Grant”).



 


		8.	POLICIES: As an employee, you will be required to comply fully with the provisions of the TheStreet’s
Insider Trading Compliance Program, Code of Business Conduct and Ethics, Compliance Manual and other compliance policies and procedures
relevant to your position with the Company (the “Employment Materials”). Compliance is a condition of employment at
TheStreet and you will be required to sign forms confirming that you will abide by the requirements of these policies and procedures.
These materials, however, will not change your at-will employment status and are merely meant to provide additional information
relating to your job. As a condition of employment, every individual must also complete the Employment Eligibility Verification
Form I-9 and provide documentation that establishes their identity and eligibility for employment. This offer is contingent upon
the satisfactory completion of the background verification process.



 


This letter and the
Employment Materials contain all of the terms of your employment with the TheStreet and supersede any prior understandings or agreements,
whether written or oral, between you and Company.  This letter agreement may not be amended or modified except by an express
written agreement signed by you and TheStreet’s Vice President of Human Resources (except that no amendment may change the
at will nature of the employment unless in accordance with Paragraph 3).  The terms of this letter and the resolution of any
disputes hereunder shall be governed by New York law, without reference to principles of choice of law.


 





	14 Wall Street	15th Floor	NY, NY 10005	T
    212 321 5000	www.thestreet.com





 




     


     


    

  


We hope that you find
the foregoing terms acceptable. We are delighted to have you join TheStreet and look forward to a mutually beneficial working relationship.
If you have any questions, please do not hesitate to contact me at 212-321-5090.


 


Sincerely,


 


Elisabeth DeMarse


President & Chief Executive Officer


 


ACCEPTED AND AGREED


 


	 	 
	Eric Lundberg	 


 





	14 Wall Street	15th Floor	NY, NY 10005	T
    212 321 5000	www.thestreet.com