exv10w14



 





Exhibit 10.14




March 1, 2007




Mr. Joshua Pickus




Dear Josh:




          DemandTec, Inc. (“DemandTec”) is pleased to offer you a position as a member of the DemandTec
Board of Directors (the “Board”). The following is some information on the benefits available to
you as a member of the Board.




          You will be eligible for an annual retainer of $16,000 payable $4,000 per quarter. It is
expressly understood that this compensation is provided solely for services being rendered by you
as a member of the DemandTec Board of Directors.




          Subject to the approval of the Board, you will be granted an option to purchase 165,000 shares
of DemandTec’s Common Stock (the “Option”). The exercise price per share will be equal to the fair
market value per share on the date the Option is granted. The Option will be subject to the terms
and conditions applicable to options granted under the DemandTec 1999 Equity Incentive Plan, as
described in that Plan and the applicable stock option agreement. The Option will vest in 25% of
the Option shares after one year of continuous service, and the balance will vest in equal monthly
installments over the next 36 months of continuous service, as described in the applicable stock
option agreement.




          If the Company is subject to a Change in Control (as defined below) and your service with the
Company terminates, then you will be vested in 100% of the Option shares then unvested as of the
Change in Control date. “Change in Control” shall mean (i) a sale, lease or other disposition of
all or substantially all of the assets of the Company, (ii) a merger or consolidation in which the
Company is not the surviving corporation, or (iii) a reverse merger in which the Company is the
surviving corporation but the shares of Common Stock outstanding immediately preceding the merger
are converted by virtue of the merger into other property, whether in the form of securities, cash
or otherwise.




          Board meetings are generally held once a quarter and we would hope that your schedule would
permit you to attend all of the meetings. In addition, from time to time, there may be projects
that we would ask you to assist in. These projects would generally be limited in scope and would
not be expected to require a significant time commitment.




 









 








Joshua Pickus

March 1, 2007

Page 2




          DemandTec will reimburse reasonable travel and other business expenses in connection with your
duties as a Board member in accordance with DemandTec’s generally applicable policies.




          Nothing in this offer or the stock Option agreement should be construed to interfere with
or otherwise restrict in any way the rights of DemandTec’s stockholders to remove any individual
from the Board at any time in accordance with the provisions of applicable law.




          We hope that you find the foregoing terms acceptable. You may indicate your agreement with
these terms and accept this offer by signing and dating the enclosed duplicate original of this
letter and returning it to me.




          We look forward to you joining the Board.




	 	 	 	 	 
	 	Very truly yours,





DemandTec, Inc. 

 	 
	 	By:  	/s/ James Sayre
 	 
	 	 	James Sayre 	 
	 	 	Chairman of the Nominating Committee 	 
	 




	 	 	 	 	 	 
	I have read and accept this offer:
	 	 	 	 
	 
	 	 	 	 
	/s/ Joshua Pickus

	 	 	 	3/10/07
	 

	 	 	 	 
	Signature of Joshua Pickus

	 	 	 	Dated