Offer Letter Agreement by and between the Registrant and Evan M. Goldberg



 Exhibit 10.7 
 [NETSUITE INC. LETTERHEAD] 
 July 1, 2007 
 Evan M. Goldberg 
 c/o NetSuite Inc. 
 2955 Campus Drive, Suite 100 
 San Mateo, CA 94403-2511 
  

	 	Re:	Letter Relating to Employment Terms 

 Dear Mr. Goldberg:

 This letter is to confirm the terms of your employment with NetSuite Inc. (the “Company”). This letter supersedes all prior
agreements relating to the terms of your employment, except for the Severance and Change of Control Agreement dated July 1, 2007, between you and the Company (the “Severance Agreement”) and the Confidentiality and
Invention Assignment Agreement dated January 26, 2000, between you and the Company (the “Confidentiality Agreement”). The terms set forth below shall be effective as of July 1, 2007 (the “Effective
Date”). 
  

	1.	Title and Cash Compensation 

 Your title is, and
shall remain, Chief Technology Officer and Chairman of the Board. In your capacity as Chief Technology Officer, you will continue to report to the President and CEO. As of the Effective Date, your monthly base salary is $31,250 per month
or $375,000 on an annualized basis. 
  

	2.	Bonus Compensation 

 In addition to your base
salary, you will be eligible for an annual incentive cash award, as determined by the Company. For calendar year 2007, your annual incentive cash bonus shall have a target equal to 33.33% of your base salary as of the Effective Date. For calendar
year 2007, the actual annual cash incentive award payable to you shall be determined to be below, at, or above the target: (a) with respect to 75%, based upon the Company’s achievement level against Company financial and other performance
objectives; and (b) with respect to 25%, based upon your achievement of individual objectives. The target bonus and its components, the Company performance objectives, and your individual objectives shall be determined each year by the
Compensation Committee of the Board of Directors (the “Compensation Committee”) in consultation with you. 
  

	3.	Equity Awards 

 The Company may grant equity awards
to you from time to time, which will be subject to the terms of the applicable equity compensation plan or arrangement in effect at the time of grant. The Compensation Committee will determine in its discretion whether you will be granted any such
equity awards and the terms and conditions of any such awards in accordance with the terms of any applicable equity plan. 








 Evan M. Goldberg Letter Relating to Employement 
 Page 2 of 2 
 July 11, 2007 
  

 You should be aware that you may incur federal and state income taxes as a result of your receipt or
the vesting of any equity compensation awards and it shall be your responsibility to pay any such applicable taxes. 
  

	4.	Other Benefits 

 As an employee, you will continue
to be eligible to receive our standard employee benefits except to the extent that this letter agreement provides you with more valuable benefits than the Company’s standard policies.
  

	5.	Additional Terms 

 You should be aware that your
employment with the Company is for no specified period and constitutes “at will” employment. As a result, you are free to resign at any time, for any reason or for no reason. Similarly, the Company is free to conclude its
employment relationship with you at any time, with or without cause, subject to the severance obligations under or referred to in this letter. 
 Please review these terms to make sure they are consistent with your understanding. If so, please send the original signed offer letter in the provided envelope to Marty Réaume no later than two days after your receipt of this
letter. 
  

			
	Sincerely,
	
	NetSuite Inc.
		
	By:	 	 /s/ Zachary A. Nelson

		 	Zachary A. Nelson
		 	President and CEO


  

			
	AGREED:
		
	Signed:	 	 /s/ Evan M. Goldberg

		 	Evan M. Goldberg
		
	Dated:	 	7/12/07