SEC Connect





 









Exhibit
10.16


	


	
Human Resources
Department

18872
MacArthur Blvd, Suite 200


Irvine,
CA 92612-1400


Voice:
(949) 225-4572









 


	
DATE:



	
 January
22, 2016

 


	
 TO:



	
 Wesley
Ozima

 


	
 FROM:



	
 Glenn
Fuller – EVP, Chief Legal and Administrative Officer and
Secretary

 


	
 CC: 



	
 Kimberly
Boren - SVP, Chief Financial Officer

 


	
 RE:



	
 Compensation
Adjustment







 


It is a
pleasure to inform you of your compensation adjustment. Following
is a summary of your employment new compensation.


 


	
 Position:


	
 VP,
Controller


	
 Semi-monthly
Rate: 


	
 $8,154.17 ($195,700
Approximate Annually)


	
 Effective
Date:


	
 January 1,
2016


	
 

	
 


	
Annual
Incentive

	
 


	
Opportunity:


	

You shall be
eligible to participate in annual incentive compensation plans, if
any, that may be adopted by the Company from time to time and that
are afforded generally to persons employed by the Company at your
employment level and position, geographic location and applicable
department or operations within the Company (subject to the terms
and conditions of any such annual incentive compensation plans).
Should such an annual incentive compensation plan be adopted for
any annual period, your target annual incentive compensation
opportunity will be as established by the Company in its sole
discretion for each annual period, which may be up to 35% your
annualized rate (i.e., X Semi-monthly Rate) based on achievement of
objectives specified by the Company each annual incentive
compensation period (which may include Company-wide performance
objectives; divisional, department or operations performance
objectives and/or individual performance objectives, allocated
between and among such performance objectives as the Company may
determine) and subject to adjustment by the Company based on the
Company’s evaluation and review of your overall individual
job performance in the sole discretion of the Company. Specific
annual incentive compensation plan details, target incentive
compensation opportunity and objectives for each annual
compensation plan period will be established each year. Awards
under annual incentive plans may be prorated by the Company in its
discretion for a variety of factors, including time employed by the
Company during the year, adjustments in base compensation or target
award percentage changes during the year, and unpaid time off. You
understand that the Company’s annual incentive compensation
plans, their structure and components, specific target incentive
compensation opportunities and objectives, the achievement of
objectives and the determination of actual awards and payouts, if
any, thereunder are subject to the sole discretion of the Company.
Awards, if any, under any annual incentive compensation plan shall
only be earned by you, an payable to you, if you remain actively
employed by the Company through the date on which award payouts are
made by the Company under the applicable annual incentive
compensation plan. You will not earn any such award if your
employment ends for any reason prior to that date.


 








 

Your
compensation adjustment is conditioned upon your acceptance of the
foregoing modifications to the terms and conditions of your
employment with Autobytel Inc. If you accept these modifications to
the terms of your employment, please acknowledge your acceptance in
the space provided below.


 



 


 








 






 


As a
reminder, your employment is at will and not for a specified term
and may be terminated by the Company or you at any time, with or
without cause or good reason and with or without prior, advance
notice. This “at-will” employment status will remain in
effect throughout the term of your employment by the Company and
cannot be modified except by a written amendment to this promotion
letter that is executed by both parties (which in the case of the
Company, must be executed by the Company’s Chief Legal
Officer) and that expressly negates the “at-will”
employment status.


 


Please
feel free to call if you have any questions.

 



Autobytel Inc.


 


By:
/s/ Glenn
Fuller                                                               




Glenn
Fuller


EVP,
Chief Legal and Administrative Officer and Secretary


 


Accepted
and Agreed:


 



/s/ Wesley
Ozima                                                                    




Wesley
Ozima


 



 


 








 










 


	


	
Autobytel
Inc.

Human
Resources Department


18872
MacArthur Blvd, Suite 200


Irvine,
CA 92612-1400


Voice:
(949) 225-4572









 



January 31, 2017

 


 



TO:                       

Wesley
Ozima







FROM:                 



Glenn
Fuller – EVP, Chief Legal and Administrative Officer and
Secretary






 



RE: Promotion


 


It is a
pleasure to inform you of your promotion. Following is a summary of
your promotion.


 


	
 New
Position:


	
 SVP,
Controller


	
 New
Semi-monthly Rate: 


	
 $8,561.88 ($205,485
Approximate Annually)


	
 Effective
Date:  


	
 January 1,
2017


	
 

	
 


	Annual
Incentive	
 


	Compensation: 	

You shall be
eligible to participate in annual incentive compensation plans, if
any, that may be adopted by the Company from time to time and that
are afforded generally to persons employed by the Company at your
employment level and position, geographic location and applicable
department or operations within the Company (subject to the terms
and conditions of any such annual incentive compensation plans).
Should such an annual incentive compensation plan be adopted for
any annual period, your target annual incentive compensation
opportunity will be as established by the Company for each annual
period, which may be up to 50% of your annualized rate
(i.e., 2080 X Semi-monthly Rate) based on achievement of objectives
specified by the Company each annual incentive compensation period
(which may include Company-wide performance objectives; divisional,
department or operations performance objectives and/or individual
performance objectives, allocated between and among such
performance objectives as the Company may determine) and subject to
adjustment by the Company based on the Company’s evaluation
and review of your overall individual job performance in the sole
discretion of the Company. Specific annual incentive compensation
plan details, target incentive compensation opportunity and
objectives for each annual compensation plan period will be
established each year. Awards under annual incentive plans may be
prorated by the Company in its discretion for a variety of factors,
including time employed by the Company during the year, adjustments
in base compensation or target award percentage changes during the
year, and unpaid time off. You understand that the Company’s
annual incentive compensation plans, their structure and
components, specific target incentive compensation opportunities
and objectives, the achievement of objectives and the determination
of actual awards and payouts, if any, thereunder are subject to the
sole discretion of the Company. Awards, if any, under any annual
incentive compensation plan shall only be earned by you, an payable
to you, if you remain actively employed by the Company through the
date on which award payouts are made by the Company under the
applicable annual incentive compensation plan. You will not earn
any such award if your employment ends for any reason prior to that
date.


 




	
 

	
 







Your
promotion is conditioned upon your acceptance of the foregoing
modifications to the terms and conditions of your employment with
Autobytel Inc. If you accept these modifications to the terms of
your employment, please acknowledge your acceptance in the space
provided below.


 


Please
feel free to call if you have any questions.


 



 


 








 






 



Autobytel Inc.


 



By:
/s/ Glenn
Fuller                                                              




Glenn
Fuller


EVP,
Chief Legal and Administrative Officer and Secretary


 


 


Accepted
and Agreed:


 



/s/ Wesley
Ozima                                                                 




Wesley
Ozima