Document:

James
        J.
        Dicso

      
 

      November
        3, 2004

      

      Dear
        Jim:

      

      I
        am
        pleased to offer you the position of Vice
        President, Sales
        reporting to the Chief Executive Officer with a scheduled start date of
November
        30, 2004.
        This
        letter shall confirm the terms and conditions of our employment offer to
        you:

      

      
        	
                ·

              	
                You
                  will be paid base salary at an annual rate of $200,000 (two hundred
                  thousand dollars) according to our payroll practices (we currently
                  pay
                  salary on a semimonthly basis: the 15th
                  and last day of each month). 

              

      

      

      
        	
                ·

              	
                You
                  may earn additional incentive compensation based on LivePerson’s revenue
                  performance in 2005. The amount of incentive compensation will
                  be earned
                  as follows:

              

      

      

      
        	
                o

              	
                If
                  LivePerson 2005 Revenue equals:

              	
                Incentive
                  equals:

              
	 	
                §

              	
                Up
                  to $18.0 million

              	
                $0

              
	
                 

              	
                
                  §

                

              	
                $25.2
                  million

              	
                $150,000

              
	
                 

              	
                
                  §

                

              	
                $27.0
                  million

              	
                $187,500

              
	
                 

              	
                
                  §

                

              	
                $28.8
                  million

              	
                $228,750

              
	
                 

              	
                
                  §

                

              	
                $30.6
                  million

              	
                $270,000

              
	
                 

              	
                
                  §

                

              	
                +
                  2.5% of amounts above $30.6 million

              	 

      

      

      Incentive
        will be calculated on a straight line basis in the event that actual revenue
        falls between any two of the measurement amounts listed above. Incentive
        will be
        estimated and paid quarterly and will be based upon an estimated 2005 revenue
        that reflects a continuing monthly growth rate for the remainder of the full
        year that is equal to the year to date actual monthly growth rate. You will
        receive a monthly draw that will be recoupable against incentive earnedof
        $6,250, beginning on January 31 for January 2005. The amount of quarterly
        incentive earned less the amount previously paid under the monthly draw shall
        be
        the quarterly incentive amount paid. If there exists a deficit balance wherein
        the amount of incentive earned is less than the total monthly draw amounts
        paid
        to date within a given quarter, the deficit balance will be carried over
        to the
        subsequent period and deducted from any subsequent payments until there is
        no
        longer a deficit balance. LivePerson Revenue shall equal publicly reported
        revenue less revenue derived through acquisitions and OEM distribution
        arrangements that originate after your start date. You and the Company agree
        to
        work in good faith to determine such exclusions as soon as practical subsequent
        to the origination date of such acquisitions or arrangements. You must be
        employed by LivePerson at the time incentive is earned and paid in order
        to
        receive incentive.

      

      
        	
                ·

              	
                You
                  will be granted an option to purchase 130,000 shares of LivePerson
                  common
                  stock at a strike price equal to the market price on the grant
                  date. This
                  option will be granted under the terms and conditions of the LivePerson
                  Incentive Stock Option Plan and the Notice of Grant of Stock Option,
                  which
                  will be issued to you at the time of the grant. The vesting schedule
                  is a
                  four-year vesting schedule as follows: 25% on first anniversary
                  date; 25%
                  on second anniversary date; 25% on third anniversary date; 25%
                  on fourth
                  anniversary date. 

              

      

      

      
        	
                ·

              	
                You
                  will be granted a fully vested option to purchase 20,000 shares
                  of
                  LivePerson common stock at a strike price equal to the market price
                  on the
                  grant date. This option will be granted under the terms and conditions
                  of
                  the LivePerson Incentive Stock Option Plan and the Notice of Grant
                  of
                  Stock Option, which will be issued to you at the time of the
                  grant.

              

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        	
                ·

              	
                If
                  you are terminated Without Cause you will continue to receive your
                  base
                  salary for three (3) months following such termination. Termination
                  Without Cause shall be defined as termination of employment other
                  than for
                  death, disability or Termination for Cause. Cause shall be defined
                  as
                  willful misconduct (including but not limited to acts of fraud,
                  criminal
                  activity or professional misconduct) with respect to the Employee’s duties
                  and responsibilities which results or is likely to result in material
                  damage to the Company in the sole discretion of the Board of
                  Directors.

              

      

      

      
        	
                ·

              	
                If
                  there is a change of control of the Company AND
                  you are terminated Without Cause, the portion of the option shares
                  granted
                  herein that would normally have vested within the 12 month period
                  following such termination will vest
                  immediately.

              

      

      

      
        	
                ·

              	
                You
                  will be eligible to enroll in the LivePerson health and disability
                  insurance program on the first day of the month on or following
                  your
                  employment start date subject to the terms and conditions of the
                  applicable plans and policies. 

              

      

      

      
        	
                ·

              	
                You
                  will be eligible to join the company’s 401K savings plan on the first day
                  of the month following your employment start
                  date.

              

      

      

      
        	
                ·

              	
                You
                  will receive annual performance evaluations and salary reviews
                  as per
                  company policy.

              

      

      

      
        	
                ·

              	
                You
                  will receive further orientation regarding benefits and company
                  policies
                  on or shortly after your start date.

              

      

      

      
        	
                ·

              	
                You
                  will be entitled to standard vacation under the LivePerson Vacation
                  policy, equal to 3 weeks per year pro rated for the portion of
                  the year
                  employed. 

              

      

      

      
        	
                ·

              	
                This
                  offer is made contingent upon the successful completion of the
                  Company’s
                  pre-employment procedures, including reference and background verification
                  of your prior employment and other information provided by you
                  during the
                  interview process, as well as proof of identity and authorization
                  to work
                  in the United States, as required by law. Company will not contact
                  your
                  current employer without your express approval, and in no case
                  before
                  November 15, 2004.

              

      

      

      
        	
                ·

              	
                By
                  signing this letter you confirm that you are not subject to any
                  agreement,
                  with a prior employer or otherwise, which would prohibit, limit
                  or
                  otherwise be inconsistent with your employment at LivePerson. Further,
                  you
                  agree that you will not use or disclose any confidential or proprietary
                  information to any third party, including any previous or subsequent
                  employer.

              

      

      

      Please
        indicate your acceptance of this offer by signing below and returning one
        copy
        to our office. Enclosed
        is some additional information about LivePerson as well as some forms and
        documents that you must complete prior to your start date, including a standard
        Confidentiality Agreement and Proprietary and Intellectual Property Agreement.
        Final employment is contingent upon the return of the requested material.
        If you
        have any questions, please do not hesitate to contact me. 

      

      LivePerson
        is a dynamic organization with tremendous growth opportunities. We look forward
        to you joining us. We hope that you share our excitement for the opportunity
        it
        presents to everyone on the team.

      
 

      Sincerely,

       

      

      
        	
                /s/
                  Tim Bixby

              	 	 	 
	
                Tim
                  Bixby

              	
                Accepted
                  by:       

              	
                
                  /s/
                    James J.
                    Dicso              
                    

                

              	
                11/3/04          
                  

              
	
                President/CFO

              	
              	
                James
                  J. Dicso

              	
                DateUnassociated Document

    
      

       

    

    December
      21, 2006       

    

    Eli
      Campo

    
 

    

    Dear
      Eli:

    

    I
      am
      pleased to offer you the position of Executive Vice President, General Manager,
      Israel in our Ra’anana office with a scheduled start date on or about
      February 15, 2007 as mutually agreed between you and LivePerson. This letter
      shall confirm the terms and conditions of our employment offer to
      you:

    

    
      	
              ·

            	
              You
                will be paid base salary at a monthly rate of 72,000 NIS (seventy-two
                thousand New Israeli Shekels) according to current payroll practices
                in
                the Israel office. 

            

    

    

    
      	
              ·

            	
              You
                will report directly to the Chief Executive Officer.
                

            

    

    

    
      	
              ·

            	
              You
                will be provided with company car benefits in accordance with LivePerson’s
                existing standard practices and policies.

            

    

    

    
      	
              ·

            	
              You
                will be eligible to participate in the LivePerson bonus plan, as
                it exists
                from time to time under terms comparable to other LivePerson employees
                of
                similar role and responsibility. Currently, the executive bonus program
                contemplates milestones and objectives set in advance on at least
                an
                annual basis as well as metrics related to overall company performance.
                Your target annual bonus for the 2007 calendar year will be 215,000
                NIS.
                Your target bonus in subsequent years will be determined in the sole
                discretion of LivePerson but in no event will the amount of any target
                bonus be set at less than 25% of your then-current annual base salary.
                Your actual 2007 bonus payout will be determined in the sole discretion
                of
                LivePerson based on the profitability of the company as compared
                to Plan,
                your individual bonus target (prorated for the portion of 2007 that
                you
                are employed at LivePerson if you are hired after January 1, 2007),
                and
                your personal contribution to the company’s efforts and the successful
                attainment of the agreed upon milestones and objectives, as determined
                by
                your manager(s) in their sole discretion. Eligibility for and payment
                of
                such bonus, if any, is conditioned on your being actively employed
                by
                LivePerson as of the date the bonus, if any, is paid. Your actual
                bonus
                payment is likely to be either greater or less than your target amount
                based on these criteria. In any year, LivePerson may determine not
                to pay
                any bonus based on the above criteria. LivePerson reserves the right
                to
                amend or terminate its bonus plan at any time.

            

    

    

    Your
      initial objectives and milestones will relate to the general areas described
      below, with specific goals, metrics and other requirements to be determined
      following the start date of your employment and from time to time thereafter
      by
      the company’s Chief Executive Officer, President and/or Board of
      Directors:

     

    462
      Seventh Avenue,
      3rd Floor, New York, NY 10018   t212.609.4200  
f212.609.4201   www.liveperson.com

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
          Eli
            Campo

          December
            21, 2006

          Page
            2 of
            5

        

      

       

    

    v Management
      and oversight of the operations and personnel of the Ra’anana office in
      accordance with company policies, procedures, fiscal plans and any other
      corporate directives that may issue from time to time;

    

    v Management
      and oversight of the company’s hosting, production and support environments with
      a focus on improving existing system uptime and achieving the company’s desired
      levels of system uptime, stability and scalability consistent with the demands
      of the company’s current business as well as future business, strategic and
      fiscal plans, as same may be updated by the company from time to time;
      and

    

    v Management
      and oversight of the company’s research and development function including
      responsibility for the delivery of all currently planned and future software
      code releases in coordination with the company’s product marketing function and
      in accordance with the company’s overall product roadmap, strategy, business and
      fiscal plans as same may be updated by the company from time to
      time.

    

    
      	
              ·

            	
              You
                will be granted an unvested option to purchase 300,000 shares of
                LivePerson common stock at a strike price determined by the LivePerson
                Board of Directors. We currently anticipate that there will be an
                option
                grant date on or before February 15th,
                2007. In the event that your first day of employment is subsequent
                to the
                option grant date, the option grant date for your specific option
                grant
                will be your first day of employment, and the strike price of the
                options
                granted to you shall be the market price at the time of the grant.
                This
                option will be granted under the terms and conditions of the LivePerson
                Incentive Stock Option Plan and the Notice of Grant of Stock Option,
                which
                will be issued to you at the time of the grant. Unvested options
                vest in
                equal increments of 25% annually over four (4) years, beginning on
                the
                first anniversary of the grant date. Options issued to you will be
“102
                capital gain track” options to the extent that such classification is
                within the company’s reasonable control. Following termination of your
                employment, you will have the ability to exercise options as specified
                in
                this letter and pursuant to the LivePerson Incentive Stock Option
                Plan.

            

    

    

    
      	
              ·

            	
              The
                Employee shall be entitled to annual Recreation Pay per year according
                to
                the then prevailing applicable law. Furthermore, you will be eligible
                for
                vacation in accordance with LivePerson’s vacation policy as it exists from
                time to time. Under the current policy, you will accrue vacation
                at the
                rate of 20 days per year, accruing pro-rata on a monthly basis following
                the start date of your employment. Annual vacations may be accumulated
                and/or redeemed as provided under the laws of the State of Israel.
                Unused
                vacation in any given year will be carried forward pursuant to the
                company’s vacation policy as it may exist from time to time and in
                accordance with the laws of the State of
                Israel.

            

    

    

    
      	
              ·

            	
              The
                company will pay, at its sole cost and expense, a sum equal to 7
                1/2 %
                (seven and one-half percent) of the Employee’s monthly current salary on
                behalf of the Employee to the Advanced Study Fund in which the Company
                participates. The Employee will pay a sum equal to 2 1/2 % (two and
                one-half percent) of his\her monthly current salary, at his\her expense,
                into said fund as is standard practice. In addition, the company
                will make
                payments toward an executive insurance fund, and toward disability
                insurance in accordance with the laws of the State of Israel. Upon
                termination of employment, the company will transfer and release
                to you
                all accrued and unpaid funds held by the company for executive insurance
                and the Advance Study Fund in accordance with the requirements of
                the laws
                of the State of Israel. The details of the foregoing payments will
                be
                further specified in the employment agreement between you and the
                company
                to be executed upon the start date of your
                employment.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
          Eli
            Campo

          December
            21, 2006

          Page 3
            of 5

        

      

    

     

    
      	
              ·

            	
              You
                will receive further orientation regarding benefits you are eligible
                for
                and company policies on or shortly after your start date.
                

            

    

    

    
      	
              ·

            	
              This
                offer is made contingent upon your successful completion of the Company’s
                pre-employment procedures, which may include reference and background
                verification of your prior employment and other information provided
                by
                you during the interview process. 

            

    

    

    
      	
              ·

            	
              By
                signing this letter you confirm that to the best of your knowledge
                following diligent inquiry and investigation you are not subject
                to any
                agreement, with a prior employer or otherwise, which would prohibit,
                limit
                or otherwise be inconsistent with your employment at LivePerson or
                prevent
                you from performing your obligations to LivePerson. Additionally,
                please
                be advised that it is LivePerson’s corporate policy not to obtain or use
                any confidential, proprietary information or trade secrets of its
                competitors or others, unless it is properly obtained from sources
                permitted to disclose such information. By signing this letter below,
                you
                are acknowledging that you have been advised of this policy and that
                you
                accept and will abide by it, and you are also agreeing that you will
                not
                use or disclose any confidential or proprietary information of LivePerson
                to any third party, including any previous or subsequent
                employer.

            

    

    

    
      	
              ·

            	
              This
                letter is not an Employment Agreement. Employment with LivePerson
                will not
                take effect until an Employment Agreement with LivePerson, or any
                subsidiary of LivePerson, has been executed by both you and a
                representative of the Company.

            

    

    

    
      	
              ·

            	
              In
                the event of any voluntary termination of your employment, you will
                provide the company with no less that six (6) months advance notice
                of
                such voluntary termination and, if requested by the company, you
                will
                assist and cooperate with the company to find, recruit and hire a
                replacement for your position, and you will provide assistance as
                requested by the company for the purpose of effecting an orderly
                transition of your responsibilities to such replacement. Should your
                full
                time employment continue with the company during the six (6) month
                period
                following your notice of voluntary termination, you will receive
                the
                following benefits: (i) within thirty (30) days following termination,
                pro-rated payment of your then-current target annual bonus, proportional
                to the percentage of the relevant fiscal year actually served by
                you prior
                to your termination; and (ii) subject to the terms of the Option
                Plan, any
                unvested options to purchase LivePerson stock held by you that would
                have
                vested within the six (6) month period immediately following the
                date of
                your termination will automatically and immediately vest and become
                exercisable upon your date of termination and remain exercisable
                for a
                period of up to one year following such termination, but in no event
                beyond the expiration of the option term.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
          Eli
            Campo

          December
            21, 2006

          Page 4
            of 5

        

      

    

    
 

    
      	
              ·

            	
              In
                the event that your employment is involuntarily terminated by LivePerson
                or any successor entity Without Cause or Constructively Terminated,
                whether in the event of a Change of Control or otherwise (as such
                capitalized terms are defined below), you will be eligible to receive
                the
                following severance benefits: (i) severance in an amount equal to
                your
                then current base salary for a period of six (6) months payable in
                the
                form of a lump-sum, cash payment due within thirty (30) days of your
                date
                of termination; (ii) subject to the terms of the Option Plan, any
                unvested
                options to purchase LivePerson stock held by you that would have
                vested
                within the 12 month period immediately following your termination
                will
                automatically and immediately vest and become exercisable upon such
                termination and remain exercisable for a period of up to one year
                following such termination, but in no event beyond the expiration
                of the
                option term, and (iii) within thirty (30) days following termination,
                pro-rated payment of your then-current target annual bonus, proportional
                to the percentage of the relevant fiscal year actually served by
                you prior
                to your termination. . The foregoing severance benefits will be
                conditioned upon your execution and non-revocation of a general release
                of
                claims in favor of LivePerson and its subsidiaries in a reasonable
                form to
                be provided by LivePerson.

            

    

    

    
      	
              ·

            	
              A
                termination Without
                Cause
                shall be defined as termination of employment other than for death,
                disability, termination for Cause or any resignation by you. Cause
                shall be defined as: (i) your failure to substantially perform your
                duties
                to LivePerson or any of its subsidiaries provided that the company
                has
                previously made you aware of such failure, (ii) your conviction of,
                or
                plea of nolo contendere
                to, a felony (regardless of the nature of the felony) or any other
                crime
                involving dishonesty, fraud, or moral turpitude, (iii) your gross
                negligence or willful misconduct (including but not limited to acts
                of
                fraud, criminal activity or professional misconduct) in connection
                with
                the performance of your duties and responsibilities to LivePerson
                or any
                of its subsidiaries, (iv) your failure to substantially comply with
                the
                rules and policies of LivePerson or any of its subsidiaries governing
                employee conduct or with the lawful directives of the Board of Directors
                of LivePerson, or (v) your breach of any non-disclosure, non-solicitation,
                non-competition or other restrictive covenant obligations to LivePerson
                or
                any of its subsidiaries. 

            

    

    

    
      	
              ·

            	
              Constructively
                Terminated
                shall be defined as resignation by you as a result of a material
                diminution of your job responsibilities, level of authority, title
                and/or
                base salary without your consent; provided,
                however, that
                (1) a change in your title by the company resulting from a change
                or
                restructuring of titles applied to company personnel in your peer
                level
                shall not be deemed a material diminution in title or a Constructive
                Termination for purposes of this agreement; and (2) you shall give
                LivePerson written notice within thirty (30) days of the occurrence
                of
                such circumstances constituting Constructive Termination and you
                shall be
                deemed Constructively Terminated only if LivePerson has not cured
                such
                circumstances within twenty (20) business days following its receipt
                of
                such notice. 

            

      	 	 

      	
              ·

            	Change of Control
              shall be defined as any transaction or group of related transactions
              following which the holders of LivePerson's voting power immediately
              prior
              to such transaction(s) no longer hold publicly-traded securities having
              the voting power necessary to elect a majority of the board of directors
              of the surviving entity or entities.

    

    

    

    Please
      indicate your acceptance of this offer by signing below and returning one copy
      to our office. LivePerson is a dynamic organization with tremendous growth
      opportunities. We look forward to you joining us and hope that you share our
      excitement for the opportunity it presents to everyone on the team.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
          Eli
            Campo

          December
            21, 2006

          Page
            5 of
            5

        

      

    

    

    Sincerely,

    
/s/
      Tim Bixby 

    Tim
      Bixby

    President/CFO

    
 

    
      	
              Accepted
                by:

            	
              
                /s/
                  Eli
                  Campo                               
                  

              

            	
                                      
                12/22/06                         
                

            
	 	
              Eli
                Campo

            	
              Date

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00142-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00142-of-00352.parquet"}]]