Document:

Revised Offer Letter Agreement - Randall Weigel

 Exhibit 10.11 

 

 

  

			
	To:	  	Randall (RJ) Weigel
		
	Date:	  	May 1, 2009
		
	Subj.:	  	Promotion to Vice President, Worldwide Sales

  

 
 This is to confirm your promotion effective
May 1, 2009 to Vice President, Worldwide Sales reporting to David Scott, President/CEO. 
 See the attached Addendum which outlines the job
responsibilities of the Vice President of Worldwide Sales. 
 In this new role your annual base salary will be $240,000.00. In addition
to your annual base salary you will be eligible for Commissions in the amount of $180,000.00 based on meeting the objectives as defined in the FY2010 Sales Compensation Plan. You will also be eligible for an MBO Bonus in the amount of
$40,000.00 based on achieving established objectives for Gross Margin POR targets. 
 We will recommend to the Compensation Committee of
the Company’s Board of Directors that you receive a grant of (i) options to purchase 165,000 shares of common stock of the Company and (ii) restricted stock units with respect to 10,000 shares of common stock of the
Company. Additionally, we will recommend to the Compensation Committee that (a) your grant of options be subject to four-year vesting with 25% of the grant vesting annually on each anniversary of the date of grant, and (b) your grant of
restricted stock units be subject to four-year vesting with 100% of the grant vesting on the 4-year anniversary of the date of grant. Both the grant of options and restricted stock units, as well as their respective vesting schedules, will be
subject to the approval of the Compensation Committee, and will be priced in accordance with our equity incentive plan and our policies governing grants of stock options and restricted stock units. 

As the Vice President of Worldwide Sales you will be eligible, for the “Management Retention Agreement” which specifies the severance benefits
upon the Executive’s termination of employment following a Change of Control. The severance benefits indicated in the “Management Retention Agreement” are as follows: 

 

	 	•	 	 A lump-sum cash payment in an amount equal to fifty (50%) percent of the Executive’s Annual Compensation. 

 

			
	Promotion Letter – Randall (RJ) Weigel	  	Page 1 of 3

	 	•	 	 Fifty (50%) percent of the unvested portion of any stock option, restricted stock or other Company equity compensation held by the Executive shall
be automatically accelerated in full so as to become completely vested. 

 Randall (RJ), you are a valued member of the team
and we look forward to your continuing contributions. 
 Sincerely, 

 

	
	 /s/ JEANNETTE ROBINSON

	Jeannette Robinson
	VP Human Resources

********************************************************************************************************** 

I acknowledge that I have received and read this promotion letter. I accept the promotion to Vice President, Worldwide Sales and the terms indicated in
this promotion letter. 
  

					
	 /s/ RANDALL J WEIGEL
	 		  	 5-1-09

	Randall (RJ )Weigel	 		  	    Date

  

			
	Promotion Letter – Randall (RJ) Weigel	  	Page 2 of 3

 ADDENDUM 

Job Responsibilities - Vice President, Worldwide Sales 
  

	 	•	 	 Providing domestic and international sales leadership and direction for the sales organization, sales programs, product distribution, channel
development and relevant third party relationships. 

  

	 	•	 	 Leading a sales organization to sell enterprise-class storage systems, including hardware, software and services, in multiple configurations.

  

	 	•	 	 Leading the systems engineering and technical account management function within the company to support the Company’s goals for bookings, revenue
and customer satisfaction. 

  

	 	•	 	 Working directly with senior executive team to strategically develop and execute a high growth revenue plan that meets the company’s overall
objectives. 

  

	 	•	 	 Responsible for developing and implementing the overall domestic and international sales plan 

 

	 	•	 	 Being the primary revenue producer for the company by developing, qualifying and managing robust pipeline, closing business and developing a
reference-able customer base. 

  

	 	•	 	 Overseeing and being accountable for successful implementation within client accounts by providing strong account management.

  

	 	•	 	 Setting aggressive, though achievable, revenue objectives that factor in market relevance/receptivity, sales cycle times and customer buying patterns.

  

	 	•	 	 Exceeding set sales goals and championing the hiring of additional sales and systems engineering resources at the right time to capitalize on potential
growth. 

  

	 	•	 	 Developing and implementing sales processes, programs and operational control to manage the entire sales cycle, from prospecting through contract
signing, cash collection and account management/retention. 

  

	 	•	 	 Defining goals and benchmarks for the sales function 

  

	 	•	 	 Developing and being accountable for product and service revenue and configuration forecasting 

 

	 	•	 	 Developing and being accountable for budget control for the Sales function 

 

	 	•	 	 Developing short and long term plans with existing and new accounts designed to meet the goals of the customer and 3PAR and to expand sales into other
parts of an organization in a long term relationship with the customer 

  

	 	•	 	 Maintaining excellent working relationship with decision-making executives at existing and target customers as well as at 3PAR alliance and channel
partners 

  

	 	•	 	 Working closely with internal and external customers and partners to ensure that products are marketable and cost efficient for the end user

  

	 	•	 	 Obtaining information and staying up to date on domestic and international sales opportunities, customer technology requirements, integration needs,
service requirements, legal requirements, and competitor’s activities. 

  

	 	•	 	 Providing input on the direction of the market and potential opportunities. 

 

	 	•	 	 Recruiting, organizing and developing the team across all sales functions. Being a role model, mentor and coach. Building the sales and project
management skills of subordinates. 

  

			
	Promotion Letter – Randall (RJ) Weigel	  	Page 3 of 3Offer Letter Agreement - Rusty Walther

 Exhibit 10.12 

July 27, 2009 
 Rusty Walther 

Dear Rusty: 
 On behalf of 3PAR, Inc., (the
“Company”), I am pleased to offer to you the exempt position of Vice President, Customer Services reporting to David Scott, President/CEO. In accepting this offer of employment you agree to start your employment on July 30, 2009.

 Should you accept this offer your compensation will include: 
  

	 	•	 	 A base salary of $250,000.00 per year of which will be paid biweekly in accordance with the Company’s normal payroll procedures. The first
and last payment by the Company to you will be adjusted, if necessary, to reflect a commencement or termination date other than the first or last working day of a pay period. 

 

	 	•	 	 You will also be eligible for an MBO Bonus of 30% of your Base Salary for FY2010 (April 1, 2009-March 31, 2010) based on achieving
established and agreed upon FY2010 MBO objectives with the CEO. 

  

	 	•	 	 Additionally, you will receive a sign on bonus of $30,000.00 (gross), earned and payable as follows: 

 

	 	•	 	 $10,000 to be paid within 15 days of start date 

	 	•	 	 $20,000 to be paid by mid-October 2009 (FY2010Q3) 

You understand that the sign on bonus is given to you in consideration for your promise to remain employed by the Company for at least
twelve months following your date of hire. You understand and agree that if you voluntarily terminate your employment prior to the completion of one year of employment, you will be required to reimburse the Company for the entire amount of the
sign-on bonus advanced to you. If, however, your employment is terminated by the Company for any reason other than gross misconduct, you will not be required to repay any portion of the bonus. 

 

	 	•	 	 We will recommend to the Compensation Committee of the Company’s Board of Directors that you receive a grant of (i) options to purchase
200,000 shares of common stock of the Company and (ii) restricted stock units with respect to 20,000 shares of common stock of the Company. Additionally, we will recommend to the Compensation Committee that (a) your grant of
options be subject to four-year vesting with 25% of the grant vesting annually on each anniversary of the date of grant, and (b) your grant of restricted stock units be subject to four-year vesting with 25% of the grant vesting annually on each
anniversary of the date of grant. Both the grant of options and restricted stock units, as well as their respective vesting schedules, will be subject to the approval of the Compensation Committee, and will be priced in accordance with our equity
incentive plan and our policies governing grants of stock options and restricted stock units. 

					
	Rusty Walther	  		  	 Page 
 2
 of 3
	Offer of Employment	  		  	July 27, 2009

  

 Once you start your employment with the company you will be eligible, for the “Management Retention
Agreement” which specifies the severance benefits upon the Executive’s termination of employment following a Change of Control. The severance benefits indicated in the “Management Retention Agreement” are as follows: 

 

	 	•	 	 A lump-sum cash payment in an amount equal to fifty (50%) percent of the Executive’s Annual Compensation. 

 

	 	•	 	 Fifty (50%) percent of the unvested portion of any stock option, restricted stock or other Company equity compensation held by the Executive shall
be automatically accelerated in full so as to become completely vested. 

 This offer is contingent on your consent to, and
results satisfactory to the Company of, reference and background checks. Until you have been informed in writing by the Company that such checks have been completed and the results satisfactory, you should defer reliance on this offer. Enclosed
please find a 2-paged document, A Summary of Your Rights Under the Fair Credit Reporting Act, and forms for you to sign and return to us, permitting the Company, through a third party, to perform and receive the results of a background check.
In addition, this offer is also contingent on your signature agreement to the Company’s Confidential Information and Invention Assignment Agreement, and your providing the Company with the proof of your identity and authorization to work in the
United States, as required by federal immigration law. The easiest method of satisfying this requirement is to provide a state driver’s license and social security card, and either your passport or a copy of your birth certificate. 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. If you do not have these documents, please call me immediately to discuss what other documents
will satisfy the requirements of this law. We have enclosed the Employment Application and Confidential Information and Invention Assignment Agreement. If you accept this offer, please complete and sign these forms and include the required
Employment Application and the Company’s Confidential Information and Invention Assignment Agreement with your acceptance. You cannot start your employment with the Company until the Company’s Confidential Information and Invention
Assignment Agreement has been signed and submitted with your signed offer letter. 
 As a condition of your employment, you will also be
required to sign and comply with an Arbitration Agreement which requires that, in the event of any dispute or claim relating to or arising out of our employment relationship, you and the Company agree to an arbitration in which (i) you are
waiving any and all rights to a jury trial but all court remedies will be available in arbitration, (ii) we agree that all disputes between you and the Company shall be fully and finally resolved by binding arbitration,(iii) all disputes shall
be resolved by a neutral arbitrator who shall issue a written opinion, (iv) the arbitration shall provide for adequate discovery, and (v) the Company shall pay all arbitration fees with the exception of the initial filing fee, not to
exceed $200. 
 As a full-time employee, you will be eligible to participate in the Company’s full benefit package as currently and
hereafter provided to other employees, which includes: medical, dental and vision, life insurance, short and long-term disability, new hire stock options, a 401 (K) program, Flexible Spending 125, employee assistance program and tuition
reimbursement. You will be entitled to 15 days of personal paid time off during your first year of employment and 10 paid holidays in accordance with the Company’s vacation/holiday policy. We have placed a great deal of emphasis on our
benefits, and expect that they will continue to evolve as we grow and as the needs of our employees and their families change. 
 Rusty, while
we anticipate that this will be a long and rewarding relationship, you should be aware that your employment with the Company is for no specified period and constitutes 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 and with or without notice. Although your job duties, title, compensation and benefits, as well as the
Company’s personnel policies and procedures, may change from time-to-time, the “at-will” nature of your employment may only be changed in an express writing signed by you and the President of the Company. 

					
	Rusty Walther	  		  	 Page 
 3
 of 3
	Offer of Employment	  		  	July 27, 2009

  

 In accepting this offer, you are representing to us that (a) you are not a party to any employment
agreement or other contract or arrangement which prohibits your full-time employment with the Company, (b) you do not know of any conflict which would restrict your employment with the Company and (c) you have not and will not bring with
you to your employment with the Company any documents, records or other confidential information belonging to former employers. 
 A duplicate
original of this letter is enclosed for your records. This letter, along with the agreement relating to proprietary rights between you and the Company, sets forth the terms of your employment with the Company and supersedes any prior representations
or agreements, whether written or oral. This letter may not be modified or amended except by a written agreement, signed by an officer of the Company and by you. 

Rusty, we are pleased that you are interested in the Company, and I believe that you will find 3PAR, Inc. a truly exciting and fulfilling place to work.
To indicate your acceptance of the Company’s offer, please sign below, indicate your start date in the space provided and return this letter with the completed employment application and the executed Confidential Information and Invention
Assignment Agreement to Jeannette Robinson, VP of Human Resources no later than Tuesday, July 28, 2009. You can fax your acceptance by faxing the signed offer letter to (510) 668-9595 by Tuesday, July 28, 2009 and later
mail to my attention the original signed offer letter and completed enclosed documents. This offer is valid until this date, but should you have any questions or concerns please call me immediately at (510) 668-9205. 

We look forward to working with you at 3PAR! 

Sincerely, 
  

	
	 /s/ JEANNETTE ROBINSON

	Jeannette Robinson
	Vice President Human Resources

 ACCEPTED AND AGREED:

  

							
	 /S/S RUSTY WALTHER
	  	
            7-27-09
	  		  	EXPECTED START DATE: 7-30-09
	Rusty Walther	  	Date	  		  	

 Enclosures: [Duplicate Offer Letter, Employment Application, I-9 Document, an Employee Confidentiality
and Invention Assignment Agreement, A Summary of Your Rights Under the Fair Credit Reporting Act, Fair Credit Reporting Act Disclosure, and BackIs Release]

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