Document:

Exhibit 10.28

 

 

February 12, 2016

 

Thomas Tuchscherer

 

Dear Thomas,

 

This letter amends and modifies certain terms of your offer letter dated December 13th 2009 with Talend Inc. (together with its affiliates referred to as the “Company”). Specifically, it will be amended as follows:

 

Severance Benefits. You shall be entitled to receive severance benefits if your employment is terminated without Cause (as defined below) or for Good Reason (as defined below). You, or your estate or representative, will be entitled to receive payment of severance benefits on the date of termination equal to a lump sum payment of six (6) months worth of base salary (the “Severance Payment”). Your benefits will be continued under the Company’s then existing benefit plans and policies to the extent permitted under such plans and policies and in accordance with such plans and policies in effect on the date of termination and in accordance with applicable law.

 

Double trigger stock option acceleration. In the event of a Change in Control Transaction (as defined below), and if your employment with the Company (or the Company’s successor) is either (i) terminated by the Company (or the Company’s successor) other than for Cause (as defined below) within twelve (12) months after the Change of Control Transaction or (ii) terminated by you for Good Reason (as defined below) within twelve (12) months after the Change of Control Transaction, one hundred percent (100%) of unvested options granted to you shall automatically vest.

 

Annual Travel Benefits. As it has been the case since the start of your employment with Talend Inc., the Company will pay once a year, for you and your family round trip fares in economy class to Paris, France.

 

For purposes of this letter, your employment termination shall be for “Good Reason” if (a) Executive provides written notice to the Company of the Good Reason within thirty (30) days of the event constituting the Good Reason and provides the Company with a period of thirty (30) days to cure the event constituting the Good Reason, (b) the Company fails to cure the Good Reason within the applicable thirty (30) day period, and (c) Executive terminates Executive’s employment with the Company within forty-five (45) days of the event constituting Good Reason. “Good Reason” shall mean, without your written consent, (i) a significant reduction of your duties or responsibilities relative to your duties, position or responsibilities in effect immediately prior to such reduction, the removal of you from such position, duties and responsibilities, unless you are provided with comparable duties, position and responsibilities, (ii) a significant reduction (thirty percent (30%) or more) by the Company in your base salary as in effect immediately prior to such reduction.

 

For purposes of this Agreement, “Cause” shall mean: (i) You engage in a material act of willful misconduct with respect to your obligations under this Agreement or otherwise relating to the business of the Company,

 

Talend Inc., 800 Bridge Parkway, Suite 20, Redwood City CA 94065

www.talend.com

 

 

including but not limited to misappropriation of trade secrets, fraud, or embezzlement; (ii) you are convicted of a crime, or the entering a plea of guilty or no contest (or pleas or accepts deferred adjudication or receives unadjudicated probation) to or for, any felony or any crime involving moral turpitude, involving dishonesty, breach of trust, or physical harm to any person that the Board reasonably believes has had or will have a material detrimental effect on the Company’ reputation or business; (iii) you materially breach your Employment Agreement; (iv) you refuse to implement or follow a lawful policy or directive of the Company with respect to your duties; (v) you engage in willful misfeasance or malfeasance demonstrated by your failure to perform your job duties diligently and/or professionally; or (vi) you violate a Company policy or procedure which is materially injurious to the Company, including violation of the Company’s policy concerning sexual harassment, discrimination or retaliation, as determined by the Board, in its reasonable sole discretion.

 

For the purposes of this letter, a “Change in Control Transaction” shall mean either: (i) the acquisition of the Company by another entity by means of any transaction or series of related transactions (including, without limitation, any reorganization, merger or consolidation or stock transfer), unless the Company’s stockholders of record immediately prior to such transaction or series of related transactions hold, immediately after such transaction or series of related transactions, at least 50% of the voting power of the surviving or acquiring entity (provided that the sale by the Company of its securities for the purposes of raising additional funds shall not constitute a Change of Control Transaction hereunder); or (ii) a sale of all or substantially all of the assets of the Company.

 

Your eligibility to receive the Severance set forth in this Section 4(b) is conditioned on having first signed a mutual release in the form provided by the Company (to include, among other things, a provision by which Executive will agree that you will not disparage, defame or otherwise detrimentally comment upon the Company and the Company for one (1) year after your separation from employment with the Company) (the “Release”), and the Release becoming irrevocable by its terms within fifty five (55) calendar days following the date of your termination of employment, and your continued compliance with any continuing obligations under this Agreement and the Confidential Information Agreement.

 

All other terms of your offer letter will remain unchanged.

 

	
Best,
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
/s/ Mike Tuchen
    	
 
    
	
Mike Tuchen
    	
 
    
	
CEO
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
Agreed and accepted:
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
/s/ Thomas Tuchscherer
    	
 
    
	
Thomas TuchschererExhibit 10.29

 

 

Talend, Inc.

 

April 10th, 2014

 

Ashley Stirrup

 

Dear Ashley:

 

I am pleased to extend to you an offer of employment with Talend. Inc. (together with its affiliates referred to as “Company”), for the position of Chief Marketing Officer.  You will report directly to me in this role.

 

Details of this offer shall include the following:

 

·                  Base Salary - $240,000 per annum paid in semi-monthly increments.

 

·                  Quarterly Bonus — Effective May 1, 2014, you shall be eligible to participate in Talend’s quarterly bonus program.  Your target bonus shall be $17,500 per quarter ($70,000 total per annum).  Attainment of the quarterly bonus shall be based on the attainment of quarterly objectives defined for the leadership team of the Company.

 

·                  Talend Stock Option Program — In conjunction with your employment with Talend, we will recommend to the Board of Directors, at the first Board meeting following the date on which you become an employee, that you be granted 882,248 stock options representing 0.45% of Talend SA’s fully diluted capital.  The options shall vest as to 25% of the shares after one year and quarterly thereafter, so that they are fully vested and exercisable four (4) years from the grant date, subject to your continued status as an employee with the Company on the relevant vesting dates.  Should the Company be acquired prior to the full vesting of this stock option grant, and your employment be subsequently terminated within 12 months of that change of control, 50% of this stock option grant will immediately vest.  In all other respects, the Options shall be subject to the terms, definitions, and provisions of the Company’s Stock Option Plan and the stock options agreement by and between you and the Company.  The exercise price of this stock option grant shall be 0.57 EUR per share.

 

·                  Employee Benefits - As an employee, you will be eligible to participate in the Talend U.S. Employee Benefits Program on your date of hire with Talend.  Benefits include medical, dental and vision insurance, paid time off, life insurance, short and long term disability insurance and a Flexible Spending Account in accordance to company policy.  On the first of the month following your first three months of service with Talend you will also be eligible to make contributions to a matching 401(k) retirement savings account.  You should note

 

Talend, Inc — 5150 El Camino Real, Suite C31, CA 94024
 www.talend.com — P: 714-421-4316 — F: 714-242-7503

 

 

that that the Company may modify benefits from time to time as it deems necessary.

 

·                  Work Location — Your work location will be Los Altos or a soon to be Redwood Shore offices.  You will be afforded the latitude to exercise discretion on your work schedule in a manner you deem most productive.

 

We are very excited about you joining Talend and look forward to a beneficial and fruitful relationship.  Nevertheless, 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.

 

The Company reserves the right to conduct background investigations and/or reference checks on all of its potential employees.  Your job offer, therefore, is contingent upon a clearance of such a background investigation and/or reference check, if any.

 

For purposes of federal immigration law, you will be required to provide to 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.

 

We also ask that, if you have not already done so, you disclose 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 understands that any such agreements 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.

 

As a Company employee, you will be expected to abide by company rules and standards.  You will be specifically required to sign an acknowledgment that you have read and that you understand the Company’s rules of conduct which are included in the Company Handbook, As a condition of your employment, you will also be required to sign and comply with an Employment, Confidential Information, Invention Assignment Agreement which requires, among other provisions, the assignment of patent rights to any invention made during your employment at the Company, and non-disclosure of proprietary information.

 

 

To indicate your acceptance of the Company’s offer, please sign and date this letter in the space provided below and return it to me.  A duplicate original is enclosed for your records.  If you accept our offer, your first day of employment is tentatively set for Monday, April 28th, 2014.  This letter, along with any agreements relating to proprietary rights between you and the Company, set forth the terms of your employment with the Company and supersede any prior representations or agreements, whether written or oral.  This letter, including, but not limited to the at-will employment provision, may not be modified or amended except by a written agreement signed by the Company Chief Financial Officer and you.  This offer of employment will expire if it is not accepted by April 12th, 2014.

 

I’m excited about the possibility of you joining the team at Talend and look forward to our mutual success.  I believe your will find your association with the company both challenging and rewarding.  Please feel free to contact me directly if we can be of any assistance at this time.  We look forward to your favorable reply.

 

Sincerely,

 

	
/s/ Michael Tuchen
    	
 
    	
 
    
	
Mr. Michael Tuchen
    	
 
    	
 
    
	
Chief Executive Officer
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Agreed to and accepted:
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Signature:
    	
/s/ Ashley Stirrup
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
Printed Name:
    	
Ashley Stirrup
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
Date:
    	
April 10th, 2014
    	
 
    	
Start Date:
    	
May 5th, 2014

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