exv10w16



 




Exhibit 10.16









Date




Name

Address

City, State Zip




Dear Name:




     I am pleased to offer you a position with LogMeIn, Inc., as                                         . If you decide to
join us, you will receive an annual salary of $                    . Your salary will be paid in accordance
with LogMeIn’s standard payroll practice, which is currently semi-monthly (i.e.                 per pay
period). As an employee, you will also receive all the eligible employee benefits including twenty
(20) vacation days per year which accrue monthly at the rate of thirteen (13.33) hours per month.



     [During the calendar year 2008, you will be eligible for a discretionary annual bonus of up to
___% of your base salary based on Level 1 goals, and up to ___% of your base salary based on
Level 2 goals, with the total bonus eligibility not to exceed ___% of your base salary in any
calendar year. The Company’s bonus plan is subject to the review and approval by the Company’s
Board of Directors and is based upon specific Company-based performance goals established annually
by Management and the Board of Directors. Level 1 and Level 2 goals will be established at the
sole discretion of the Company at or near the beginning of the calendar year and are subject to
change during the year at the sole discretion of the Company.]



     Additionally, it will be recommended at one of the first meetings of the Company’s Board of
Directors following your transition date that the Company grant you an option to purchase _______shares of the Company’s Common Stock at a price per share equal to the fair market value per share
of the Common Stock on the date of grant, as determined by the Company’s Board of Directors.
Twenty-five percent (25%) of the shares subject to the option shall vest twelve (12) months after
the date your vesting begins subject to your continuing employment with the Company, and no shares
shall vest before such date. The remaining shares shall vest annually over the next three (3)
yearly anniversaries in equal amounts subject to your continuing employment with the Company, such
that the shares subject to your option shall be fully vested on the four (4) year anniversary of
the date your vesting begins. No right to any stock is earned or accrued until such time that
vesting occurs, nor does the grant confer any right to continue vesting or employment.
This option grant shall be subject to the terms and conditions of the Company’s stock
option plan and stock option agreement. Should
there be any conflicting language related to the equity grant described in this offer letter,
including vesting terms, and the Company stock option agreement, you will be entitled to the
treatment most favorable to you, and the more favorable term(s) shall supersede and replace any
less favorable term(s).



     This offer letter and the attached addendum contain agreements between you and the Company.
As a condition of your employment, you are required to sign and comply with the addendum and other
required documents referenced in the addendum. You agree that all of the terms and conditions of
that addendum apply to your employment.



     Speaking for myself, and everyone at LogMeIn, we are excited about you joining our team. I
am looking forward to your favorable reply and to working with you.



	 	 	 	 	 
	 	Sincerely,

 	 
	 	Michael Simon, President & CEO	 
	 




 









 












    LogMeIn
    Offer Letter Addendum



 



    As a condition of your employment with LogMeIn, Inc. (the
    “Company”), you are required to sign and comply with
    this addendum and the following enclosed documents.



 


			
	 	    1.  
	
    Employee Confidentiality-Nondisclosure-Non-competition-IP
    Assignment Agreement (“Employee Agreement”)




 



    This addendum and the document or documents listed above are
    incorporated by reference into, and form part of your Offer
    Letter and, together with that Offer Letter, form all of the
    terms and conditions applicable to your employment by the
    Company, superseding any prior or contemporaneous commitments,
    representations, or statements concerning your employment with
    the Company. Your employment is subject to the following:



 


			
	 	    •  
	
    Your employment with the Company is for no specified period and
    constitutes an 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 or reason, and with or
    without notice.

	 	    •  
	
    You will be expected to abide by the Company’s rules and
    standards.

	 	    •  
	
    For purposes of federal immigration law, you will be required to
    provide the Company documentary evidence of your identity and
    eligibility for employment in the United States. Such
    documentation must be provided to us within three
    (3) business days of your date of hire, or our employment
    relationship with you may be terminated.

	 	    •  
	
    You have disclosed to the Company any and all agreements
    relating to your prior employment that may affect your
    eligibility to be employed by the Company or limit the manner in
    which you may be employed. It is the Company’s
    understanding that any such agreements shown to it will not
    prevent you from performing the duties of your position and you
    represent that such is the case. Moreover, you agree that,
    during the term of your employment with the Company, you will
    not engage in any other employment, occupation, consulting or
    other business activity directly related to the business in
    which the Company is now involved or becomes involved during the
    term of your employment, nor will you engage in any other
    activities that conflict with your obligations to the Company.
    Similarly, you agree not to bring any third party confidential
    information to the Company, including that of your former
    employer, and that in performing your duties for the Company you
    will not in any way utilize any such information. You will
    devote your full-time working hours and attention to the duties
    of your employment with the Company.

	 	    •  
	
    The Company may modify job titles, organizational structure,
    salaries and benefits from time to time as it deems necessary.




 



    Please confirm your acceptance of this offer, your understanding
    and agreement to the offer letter and attachments, as well as
    the statements made above, by signing a copy of this letter
    (keeping one copy for your records) and returning a signed copy
    by
                        ,
          which is the closing date
    of this offer.



 



    Agreed to and accepted:



 

	 	 	 	 	 	 	 
	
    Signature:
	
 
	
    

	
 
	
    Date:
	
 
	
    


	
 
	
 
	
 

	

    Printed Name: