Document:

Exhibit 10.1 Q1'15

Exhibit 10.1
November 10, 2014                

To: Keith Sullivan

Re: Promotion

Dear Keith:

The purpose of this letter is to outline the details of your promotion with ZELTIQ Aesthetics Inc. (the “Company”).  Upon acceptance by you, this letter shall constitute an agreed upon understanding between you and the Company.  Unless specifically listed below, all other aspects of your employment with the Company shall remain unchanged.

		
	Effective Date:
	This new position is effective November 10, 2014.

		
	Position:
	Senior Vice President and Chief Commercial Officer, reporting to me.

		
	Compensation: 
	There is no change to your cash compensation at this time.

		
	Equity:
	The Company’s Compensation Committee has approved an equity grant of 10,000 (ten thousand) Restricted Stock Units (“RSUs”). The RSU’s shall vest over 4 (four) years with 25% (twenty five percent) of the shares vesting on each of November 6, 2015, November 6, 2016, November 6, 2017, and November 6, 2018. The RSU’s will be subject to the terms and conditions applicable to RSU’s granted under the Company’s 2011 Equity Incentive Plan, and as described in that plan and the applicable equity agreement. 

		
	Employment At Will:
	All Zeltiq employees are employed on an “at-will” basis.  Your employment with the Company is voluntarily entered into and is for no specified period.  As a result, you are free to resign at any time, for any reason or for no reason, as you deem appropriate.  The Company will have a similar right and may conclude its employment relationship with you at any time, with or without cause.

Congratulations again and thank you for your ongoing contributions to the Company! 

	
				
	Sincerely,
	 
	 
	 

	 
	 
	Agreed to and accepted:
	 

	 
	 
	 
	 

	/s/ Mark Foley

	 
	/s/ Keith Sullivan
	11/13/14

	Mark J. Foley
	 
	Keith Sullivan
	Date

	President & Chief Executive OfficerExhibit 10.2 Q1'15

Exhibit 10.2
February 19, 2015

Mr. Keith J. Sullivan 

RE:   Relocation from Arizona to Virginia
 
Dear Keith:  

This letter will confirm our discussions regarding the assistance which ZELTIQ Aesthetics, Inc. (the “Company”) will provide to you in connection with your relocation from Arizona to Virginia on or before October 31, 2015: 
 
		
	•
	The Company will reimburse you for movement of yourself, your spouse and your household goods up to a maximum of $50,000 (fifty thousand dollars).  You will be required to provide receipts and documentation for these relocation expenses in accordance with the Company’s regular accounting policies. To the extent permitted under IRS rules, these moving and relocation expenses will reimbursed to you on a tax-free basis, but will be recorded in your payroll records and reported, as required, on your IRS Form W-2 for the applicable year. 

		
	•
	The Company agrees to reimburse you for costs related to brokerage fees, closing costs, and house hunting trips, up to a maximum of $100,000 (one hundred thousand dollars).  To assist you with this tax impact, the Company agrees to gross up any non-deductible expenses by 40% (forty percent). You acknowledge that reimbursement of these amounts, as well as the gross-up provided, will be included in your gross income and treated by the Company as taxable wages subject to withholding of all applicable taxes. 

Receipts and Timing of Reimbursements:  All receipts for reimbursement must be turned into the Company’s Human Resources department within 30 days of the date the expense is incurred.  The Company will process your reimbursement requests promptly thereafter.  In the case of taxable reimbursements, reimbursement will be provided to you no later than December 31 of the year following the year in which the expense was incurred, so as to avoid imposition of an additional tax under Section 409A of the Internal Revenue Code and Treas. Reg. § 1.409A-3(i)(1)(iv)

Repayment Obligation Upon Termination of Employment:  You agree that if your employment with the Company terminates either voluntarily (other than for Good Reason) or for Cause, during the first twelve months following the effective date of this move, all funds provided to you under this agreement will be immediately repayable to the Company, and may be deducted from any amounts otherwise payable to you by the Company upon such termination.  For purposes of this agreement only, “Cause” and “Good Reason” shall be as defined in your employment letter as amended and restated on February 25, 2014.
 
Termination of Agreement:  This agreement is being made in anticipation of your relocation within the next several months.  If you decide not to relocate, or you do not in fact relocate by October 31, 2015, this agreement will terminate on October 31, 2015, although expenses properly incurred prior to that time will be reimbursed, to the extent provided above.  

Keith, we sincerely appreciate your willingness to relocate on behalf of the Company, and we look forward to your continued efforts on behalf of the Company.  If these terms look acceptable to you, please sign where indicated below and return one copy of this agreement to me.

	
				
	Sincerely,
	 
	 
	 

	ZELTIQ Aesthetics, Inc.
	 
	Agreed to and accepted:
	 

	 
	 
	 
	 

	/s/ Mark Foley

	 
	/s/ Keith Sullivan
	2/19/15

	Mark J. Foley
	 
	Keith Sullivan
	Date

	President & Chief Executive OfficerExhibit 10.3 Q1'15

Exhibit 10.3
March 12, 2015

Mr. Keith J. Sullivan 

RE:   Amendment to Relocation Agreement Dated February 19, 2015
 
Dear Keith:  

This letter hereby amends the relocation agreement signed by you and ZELTIQ Aesthetics, Inc. (the “Company”), dated February 19, 2015 (the “Agreement”), as follows:

The first sentence of the Agreement shall now read:

“This letter will confirm our discussions regarding the assistance which ZELTIQ Aesthetics, Inc. (the “Company”) will provide to you in connection with your relocation from Arizona to the East Coast of the United States on or before October 31, 2015:” 
 
All other aspects of the Agreement shall remain unchanged. If these terms are acceptable to you, please sign where indicated below and return one copy of this agreement to me.

	
				
	Sincerely,
	 
	 
	 

	ZELTIQ Aesthetics, Inc.
	 
	Agreed to and accepted:
	 

	 
	 
	 
	 

	/s/ Mark Foley

	 
	/s/ Keith Sullivan
	3/12/15

	Mark J. Foley
	 
	Keith Sullivan
	Date

	President & Chief Executive OfficerExhibit 10.5 Q1'15

Exhibit 10.5

ZELTIQ Aesthetics, Inc. 
Non-Employee Director Compensation Policy
Effective:  July 17, 2014

Each member of the Board of Directors (the “Board”) of ZELTIQ Aesthetics, Inc. (“ZELTIQ”) who is not also serving as an employee of ZELTIQ or any of its subsidiaries (each such member, a “Non-Employee Director”) will receive the following compensation for his or her Board service:

Cash Compensation - Annual Retainers

Non-Employee Director:  $40,000 

Chairman of the Audit Committee:  $14,000 

Audit Committee Member (other than Chairman):  $6,000 

Chairman of the Compensation Committee:  $10,000 

Compensation Committee Member (other than Chairman):  $4,500 

Chairman of the Nominating and Corporate Governance Committee:  $6,000 

Nominating and Corporate Governance Committee Member (other than Chairman):  $3,000 
_________________
All retainers for committee service are in addition to the retainer as a Non-Employee Director 

All retainers are paid quarterly in arrears, and will be pro rated for service for a portion of the quarter

Equity Compensation

The equity compensation set forth below will be granted under ZELTIQ’s 2011 Equity Incentive Plan (the “Plan”).  All equity compensation granted under this policy will be Restricted Stock Units (“RSUs”). 

1.    Initial Grant:  On the date in which a Non-Employee Director(s) is appointed to the Board of Directors, each Non-Employee Director will automatically, and without further action by the Board, be granted RSUs to acquire the number of shares of ZELTIQ common stock which shall equal two hundred fifty thousand dollars ($250,000) divided by the Fair Market Value (as defined in the Plan) per share of ZELTIQ common stock as of the date of appointment, and rounding down to the next whole share. Such RSUs of ZELTIQ common stock shall vest monthly over three (3) years, subject to the Non-Employee Director’s continuous Service.

2.    Annual Grant:  On the date of each ZELTIQ annual meeting of stockholders, each Non-Employee Director will automatically, and without further action by the Board, be granted RSUs to acquire the number of shares of ZELTIQ common stock which shall equal one hundred fifty thousand dollars ($150,000) divided by the Fair Market Value (as defined in the Plan) per share of ZELTIQ common stock as of the date of appointment, and rounding down to the next whole share. Such RSUs of ZELTIQ common stock, shall vest monthly over one (1) year, provided that such RSUs shall in any event become fully vested on the day immediately preceding the next annual meeting of stockholders, subject to the Non-Employee Director’s continuous Service.  

3.    Acceleration of Vesting.  Each of the Initial Grant and the Annual Grant will be subject to acceleration of vesting in the event of a Change in Control (as defined in the Plan) as set forth in Section 13.2 of the Plan.Exhibit 4.1

 Exhibit 4.1 
 

 
  

PEOPLE’S UTAH BANCORP CUSIP NO. 712706 209 NOT VALID UNLESS COUNTERSIGNED BY TRANSFER AGENT. INCORPORATED UNDER THE
LAWS OF THE STATE OF UTAH. AUTHORIZED COMMON SHARES: 30,000,000 PAR VALUE: $0.01 NUMBER SHARES THIS CERTIFIES THAT IS THE RECORD HOLDER Shares of People’s Utah Bancorp Common Stock transferable on the books of the Corporation in person or by
duly authorized attorney upon surrender of this Certificate properly endorsed. This Certificate is not valid until countersigned by the Transfer Agent and registered by the Registrar. Witness the facsimile seal of the Corporation and the facsimile
signatures of its duly authorized officers. Date: Randall Benson, Secretary Richard Beard, CEO Countersigned & Registered Transfer online. Inc. 512 Se Salmon St. Portland. Or 97214 By: Authorized Signature 

 

 
  
 The
following abbreviations, when used in the inscription on the face of this certificate, shall be construed as though they were written out in full according to the applicable laws or regulations: TEN COM - as tenants in common TEN ENT - as tenants by
the entireties JT TEN - as joint tenants with right of survivorship and not as tenants in common UNIF GIFT MIN ACT Custodian (Cust) (Minor) under Uniform Gifts to Minors Act (State) Additional Abbreviations may also be used though not in the above
list. For Value Received, hereby sell, assign and transfer unto PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE (PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIPCODE, OF ASSIGNEE) of the stock represented by the within
Certificate, and do hereby irrevocably constitute and appoint Shares to transfer the said stock on the books of the within named Corporation with full power of substitution in the premises. Attorney DATED SIGNATURE THE SIGNATURE TO THE ASSIGNMENT
MUST CORRESPOND TO THE NAME AS WRITTEN UPON THE FACE OF THIS CERTIFICATE IN EVERY PARTICULAR, WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATSOEVER, AND MUST BE GUARANTEED BY A COMMERCIAL BANK OR TRUST COMPANY OR MEMBER FIRM OF A NATIONAL OR
REGIONAL OR OTHER RECOGNIZED STOCK EXCHANGE IN CONFORMANCE WITH A SIGNATURE GUARANTEE MEDALLION PROGRAM

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