Document:

Exhibit 10.02

      

         

      April 26, 2019

      

         

      Vincent Pilette

      [Address]

      [Address]

      

         

      Dear Vincent,

      

         

      We are delighted to offer you the position of EVP, Chief Financial Officer at Symantec Corporation, in Mountain View CA, reporting to the Company’s Chief Executive
          Officer. You are joining a talented and passionate team driven to protect the world’s information and the people who use it. We do work that matters and we are confident you will find rewarding opportunities with us. 

      

         

      Start Date

      Your first day of employment is anticipated to be May 21, 2019, pending completion of your background verification and work
          authorizations.  If the Company has not filed its Form 10-K for the fiscal year ended March 29, 2019 (the “FY19 Form 10-K”) prior to your start date, you will join the Company initially as EVP, Finance, and will assume the title and position of
          EVP, Chief Financial Officer, on the date following the filing of the FY19 Form 10-K.

      

         

      Salary

      Your starting annual base salary will be $650,000.00, less applicable deductions and withholdings.

      

         

      Executive Annual Incentive Plan

      Based on your position, you will participate in the Executive Annual Incentive Plan, an incentive program that rewards achievement of Symantec Corporation’s
          financial objectives as well as your individual performance. At 100% of Company and individual performance, you will be eligible to receive an additional 100% of your annual base salary. To receive the award, you must satisfy the requirements of
          the Executive Annual Incentive Plan. Details of the Plan will be available to you once you begin your employment.

      

         

      Stock

      New Hire Award and Long Term Award

      You will receive an equity award valued at $14,000,000 at the time of grant.  This award will be comprised of $9,000,000 which is
            intended to be your new hire equity award (“New Hire Award”) and $5,000,000 which is intended to be your fiscal 2020 long-term incentive equity award (“Long Term Award”).  The New Hire Award and Long Term Award will both be comprised of 30%
            time-based restricted stock units (RSUs) and 70% performance-based restricted stock units (PRUs) pursuant to the terms and conditions to be approved for senior executives for fiscal 2020.  We expect these awards will be made to you in June or
            July 2019 at the time of our annual executive grant.  The number of RSUs to be granted will be calculated based on the average daily closing price of the Company’s common stock as reported on Nasdaq for the twenty (20) trading days
          ending on the last day of the month which precedes the month in which the grant is made.  The RSU portion of each award will have a 3-year vesting schedule, with 30% of the shares vesting approximately 1 year from
            the grant date on a designated vest date (the “First RSU Vest Date”), 30% vesting approximately 2 years from grant date on a designated vest date and the remaining 40% vesting approximately 3
          years from grant on a designated vest date.  Details regarding your RSU and PRU vesting schedules and other terms and conditions of the grants will be provided in the RSU and PRU Award Agreements, which you will receive at the time of the grant.

       

         

      
        
          

      

      

         

      
        

           

        
          Additional RSU

          In addition to the New Hire Award and the Long Term Award, contingent upon your purchase of shares of the Company’s common
              stock on the public market with a fair market value of up to Ten Million Dollars ($10,000,000) within sixty (60) days following your Start Date (or if later, no later than ten (10) days after the Company’s trading window opens) (the “Stock
              Purchase”), the Company will grant you an RSU award valued at 30% of the Stock Purchase, within ten (10) days of such purchase, with the number of shares determined by dividing such dollar amount by the weighted average purchase price per
              share of the Stock Purchase, rounded up to the nearest whole share (the “Additional RSU”).  The Additional RSU will have a 3-year vesting schedule, with 30% of the shares vesting approximately 1 year from the
                grant date on a designated vest date, 30% vesting approximately 2 years from grant date on a designated vest date and the remaining 40% vesting approximately 3 years from grant on a designated vest date.  Details regarding your RSU vesting
                schedule and other terms and conditions of the grant will be provided in the RSU Award Agreement, which you will receive at the time of the grant, as well as the terms set forth in this letter. Notwithstanding the foregoing, if you
              sell or otherwise dispose of any of the shares acquired in your Stock Purchase (other than upon a Change in Control as defined in the Symantec Corporation Executive Retention Plan) within three (3) years of the grant, you will automatically
              forfeit all then-unvested shares subject to the Additional RSU.

          

             

          Make Whole Protection

          In the event of your termination of employment by the Company other than for Cause (as defined in the Symantec Corporation
                Executive Severance Plan) prior to the First RSU Vest Date, the Company will pay to you, in addition to any amounts payable to you under the Executive Severance Plan, an amount equal to (a) $1,300,000, plus (b) $2,940,000 multiplied by the FY20 percentage achievement under Symantec’s FY20 PRU plan (as determined by the Company’s Compensation and Leadership Development Committee (“CLDC”), at such time as it makes the
                determination for all FY20 PRU plan participants), not to exceed 100%; provided that such payment will be made only if you sign, return within 45 days and do not revoke a Release of Claims on the
              Company form that will be provided to you.  Such payment will be paid to you in one lump sum within ten (10) days following, (i) the date the Release of Claims becomes non-revocable in the case of (a); and (ii) the later of (x) the date the
              Release of Claims becomes non-revocable, and (y) the CLDC determination, in the case of (b).

          

             

          Benefits

          You are eligible to participate in a wide variety of generous employee benefit plans, including Symantec’s Stock Purchase Plan, matching 401(k) savings and
              investment plan, and health insurance, among many others. For information on your Symantec U.S. Benefits, please visit our www.symantecbenefits.com website. Choosing the right combination of benefits is an important personal decision. Use this site to learn your options and discuss your current and future needs with your family. After your start date, you can
                enroll in the benefits that best fit your life.

           

              

           

        
          
            

        

        

           

        

           

        

       
        

          
          Confidential and Proprietary Information

          Your offer of employment is conditioned upon your fully and truthfully completing the enclosed Symantec Confidentiality and Intellectual Property Agreement (CIPA). By signing the CIPA and accepting this offer, you  represent and warrant to us that: 1) you are
              not subject to any terms or conditions that restrict or may restrict your ability to carry out your duties for Symantec; 2) you will not bring with you or use to perform your job any confidential or proprietary
                material of any former employer or any other party; 3) you will hold in confidence any confidential or proprietary information received as an employee of Symantec; (4) you will assign to Symantec any inventions that you make while employed
                by Symantec in accordance with the terms of the CIPA; and (5) you will abide by all terms of the CIPA.

          

             

          Company Policies

          As a Symantec employee, you will be subject to and are expected to adhere to and comply with all applicable Company policies, including but not limited to, our
              Code of Conduct.  Symantec reserves the right to change these policies at any time in its sole discretion.  If you have questions or concerns about these policies, please contact your recruiter.

          

             

          Mutual Arbitration Agreement

          Symantec values each of its employees and fosters good relations with, and among, all of its employees. It recognizes, however, that disagreements occasionally
              occur.  Symantec believes that the resolution of such disagreements is best accomplished by internal dispute resolution and, where that fails, by external arbitration. For these reasons, Symantec has adopted a Mutual Arbitration Agreement, a
              copy of which is enclosed.  While we hope that you will participate in this arbitration program, if you do not wish to do so, you have the right to opt out by following the instructions to submit a signed opt-out form along with a copy of
              this signed offer letter.  If you do not return a signed opt-out form with this offer letter, the arbitration program will be in effect.

          

             

          Employment Status

          This letter does not constitute a contract of employment for any specific period of time but creates an “employment at will” relationship. This means that you do
              not have a contract of employment for any particular duration. You are free to resign at any time for any reason. Similarly, Symantec is free to terminate your employment at any time for any reason.  Any statements or representation to the
              contrary, or that contradict any provision of this letter, are superseded by this offer letter.  Participation in any of Symantec’s stock or benefit programs is not assurance of continued employment for any particular period of time.  Any
              modification of this at-will provision must be in writing and signed by the Company CEO.

          

             

          Work Authorization

          Federal law requires that Symantec document an employee’s authorization to work in the United States. To comply, Symantec must have a completed Form I-9 for you on your first working day. You agree to provide Symantec with documentation required by the Form I-9 to confirm you are authorized to work in the United States. If

              you have any questions about this requirement, which applies to U.S. citizens and non-U.S. citizens alike, contact your recruiter.

        

        

           

        
          
            

        

        

           

        

      

      

        
        Background Verification

        This offer is subject to and contingent upon successful completion of a background check, which may include a credit check.   You may also be subject to additional
            background verifications and re-checks during the course of your employment as determined by business needs and consistent with Company policy and applicable law.  Failure to successfully complete these additional verifications or re-checks may
            result in reassignment, an opportunity to apply for alternative internal positions, or termination of your employment.

        

           

        Please review this offer and confirm your acceptance by the end of business on May 1, 2019 by signing in the space indicated below and emailing (scanning)
            to                  .  Please also sign and return any additional forms as described in this letter.  Should you have any questions about this offer, do not hesitate to call          at        .

        

           

        Vincent, we are very pleased to have you come to work at Symantec. We will continue to be the leading force in protecting the world’s information and the people
            who use it—and we look forward to you joining us to make a difference in the world.

         

          

        Sincerely,

         

          

        /s/ Amy Cappellanti-Wolf

        Amy Cappellanti-Wolf

        SVP, Chief HR Officer

        

           

        I hereby accept the terms and conditions of the offer of employment stated in this letter.

        

           

        

           

        

           

        
          	/s/ Vincent Pilette	

                   	 5/1/2019 	
                   

                
	Vincent Pilette	

                   	 DateExhibit

 

Exhibit 10.1

AMENDMENT NO. 1 TO THE
CREDIT AGREEMENT

This AMENDMENT NO. 1 TO THE CREDIT AGREEMENT (this “Amendment”) dated as of September 5, 2018, is entered into by and among LOAN ASSETS OF ONDECK, LLC, a Delaware limited liability company (“Company”), the Lender party hereto which constitutes the affected Lender and 20 GATES MANAGEMENT LLC, as Administrative Agent for the Class A Lenders (in such capacity, the “Administrative Agent”).
RECITALS:
WHEREAS, Company, the Lenders party thereto from time to time, the Administrative Agent, and Deutsche Bank Trust Company Americas, as Paying Agent and as Collateral Agent for the Secured Parties, entered into a Credit Agreement, dated as of April 13, 2018 (as may be amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”) pursuant to which the Lenders have made advances and other financial accommodations to Company. Capitalized terms not otherwise defined in this Amendment have the same meanings as specified in the Credit Agreement, as amended hereby;
WHEREAS, Company, the Lender party hereto and Administrative Agent, desire to amend the Credit Agreement as set forth herein subject to the terms and conditions set forth herein.
NOW, THEREFORE, in consideration of the premises and the agreements, provisions and covenants herein contained, the parties hereto agree as follows:
SECTION 1.AMENDMENTS TO THE CREDIT AGREEMENT
The Credit Agreement is, effective as of the Amendment Effective Date and subject to the satisfaction of the conditions precedent set forth in Section 3.1 hereof, hereby amended as follows:

1.1    Section 1.1 of the Credit Agreement.  
(a)    Clause (a) of the definition of “Class A Borrowing Base” as set forth in Section 1.1 of the Credit Agreement is amended and restated in its entirety as follows:
(a) (i) the Applicable Class A Advance Rate multiplied by the Adjusted EPOPB at such time, plus (ii) the sum of (A) the aggregate amount of Collections in the Lockbox Account and the Collection Account to the extent such Collections and other funds have already been applied to reduce the Eligible Portfolio Outstanding Principal Balance and (B) the fair market value of all Permitted Investments held in the Collection Account on such day minus (iii) the sum of the Accrued Interest Amount as of such day and the aggregate amount of all accrued and unpaid fees and expenses due hereunder and under the Servicing Agreement, the Backup 

EAST\143037342.4 

 

Servicing Agreement, the Custodial Agreement and the Successor Servicing Agreement; and
(b)    Clause (a) of the definition of “Class B Borrowing Base” as set forth in Section 1.1 of the Credit Agreement is amended and restated in its entirety as follows:
(a) (i) the Applicable Class B Advance Rate multiplied by the Adjusted EPOPB at such time, plus (ii) the sum of (A) the aggregate amount of Collections in the Lockbox Account and the Collection Account to the extent such Collections and other funds have already been applied to reduce the Eligible Portfolio Outstanding Principal Balance and (B) the fair market value of all Permitted Investments held in the Collection Account on such day, minus (iii) the sum of the Accrued Interest Amount as of such day and the aggregate amount of all accrued and unpaid fees and expenses due hereunder and under the Servicing Agreement, the Backup Servicing Agreement, the Custodial Agreement and the Successor Servicing Agreement, minus (iv) the aggregate outstanding principal amount of the Class A Loans as of such date; and
1.2    Section 2.10(c)(vii) of the Credit Agreement through the end of clause (A) is amended and restated in its entirety as follows: 
(vii) So long as no Event of Default has occurred and shall be continuing (and, with respect to each of clauses (A) and (C) below, so long as no Early Amortization Period is then occurring), Company or its designee shall be permitted to direct the investment of the funds from time to time held in the Collection Account and the Reserve Account (A) in Permitted Investments and to sell or liquidate such Permitted Investments and reinvest proceeds from such sale or liquidation in other Permitted Investments (but none of the Collateral Agent, the Administrative Agent or the Lenders shall have liability whatsoever in respect of any failure by the Controlled Account Bank to do so), with all such proceeds and reinvestments to be held in the Collection Account or the Reserve Account, as applicable; provided, however, that the maturity of the Permitted Investments on deposit in the Collection Account or the Reserve Account, as applicable, shall be no later than the Business Day immediately preceding the date on which such funds are required to be withdrawn therefrom pursuant to this Agreement,
SECTION 2.    REPRESENTATIONS AND WARRANTIES
In order to induce the Administrative Agent and the Lender party hereto to enter into this Amendment, Company represents and warrants to the Administrative Agent and the Lender, on the Amendment Effective Date, that the following statements are true and correct, it being understood and agreed that the representations and warranties made on the Amendment Effective Date are deemed to be made concurrently with the consummation of the transactions contemplated hereby:
2.1    Due Authorization. The execution, delivery and performance of this Amendment have been duly authorized by all necessary action on the part of Company.

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2.2    Binding Obligation. This Amendment has been duly executed and delivered by the Company and is the legally valid and binding obligation of the Company enforceable against the Company in accordance with its terms, except as may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws relating to or limiting creditors’ rights generally or by equitable principles relating to enforceability.
2.3    Incorporation of Representations and Warranties from Credit Agreement. The representations and warranties contained in Section 4 of the Credit Agreement are true and correct in all material respects on and as of the Amendment Effective Date (as defined below) as though made on and as of that date, except to the extent such representations and warranties specifically relate to an earlier date, in which case they were true and correct in all material respects on and as of such earlier date; provided that, in each case, such materiality qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the text thereof.
2.4    Absence of Default.  No event has occurred and is continuing or will result from the consummation of this Amendment that would constitute a Default, an Event of Default or a Servicer Default.
SECTION 3.    MISCELLANEOUS
3.1    Conditions of Effectiveness. This Amendment shall become effective as of the date (such date, the “Amendment Effective Date”) on which the Administrative Agent has received counterparts of this Amendment executed by Company, the Lender party hereto and the Administrative Agent.  
3.2    Reference to and Effect on the Credit Agreement and the Other Credit Documents. 
(a)    On and after the Amendment Effective Date, each reference in the Credit Agreement to “this Agreement”, “hereunder”, “hereof” or words of like import referring to the Credit Agreement, and each reference in the Credit Documents and the Related Agreements to “the Credit Agreement”, “thereunder”, “thereof” or words of like import referring to the Credit Agreement, shall mean and be a reference to the Credit Agreement, as amended by this Amendment.  This Amendment is hereby designated as a Credit Document for all purposes of the Credit Documents.
(b)    Except as expressly set forth herein, no other amendments, changes or modifications to the Credit Agreement and each other Credit Document are intended or implied, and in all other respects the Credit Agreement and each other Credit Document are and shall continue to be in full force and effect and are hereby in all respects specifically ratified, restated and confirmed by all parties hereto as of the Amendment Effective Date and Company shall not be entitled to any other further amendment by virtue of the provisions of this Amendment or with respect to the subject matter of this Amendment. To the extent of conflict between the terms of this Amendment and the other Credit Documents, the terms of this Amendment shall control. The Credit Agreement and this Amendment shall be read and construed as one agreement.

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(c)    The execution, delivery and effectiveness of this Amendment shall not, except as expressly provided herein, operate as a waiver of any right, power or remedy of any Lender, Administrative Agent or Agent under the Credit Agreement, nor constitute a waiver of any provision of the Credit Agreement.
3.3    Binding Effect. This Amendment shall be binding upon and inure to the benefit of each of the parties hereto and their respective successors and assigns.
3.4    Governing Law. This Amendment and the rights and obligations of the parties hereunder shall be governed by, and shall be construed and enforced in accordance with, the laws of the State of New York.
3.5    Execution in Counterparts. This Amendment may be executed in any number of counterparts, each of which when so executed and delivered shall be deemed an original, but all such counterparts together shall constitute but one and the same instrument. Delivery of an executed counterpart of a signature page of this Amendment by fax or other electronic imaging means shall be effective as delivery of a manually executed counterpart of this Amendment.
3.6    Headings. Section headings herein are included herein for convenience of reference only and shall not constitute a part hereof for any other purpose or be given any substantive effect.
[Remainder of page intentionally left blank]

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IN WITNESS THEREOF, the parties hereto have caused this Amendment No. 1 to the Credit Agreement to be executed by their respective officers thereunto duly authorized, as of the date first above written.

LOAN ASSETS OF ONDECK, LLC, as Company

By:    /s/ Kenneth A. Brause    
Name: Kenneth A. Brause
Title: Chief Financial Officer

20 GATES MANAGEMENT LLC, 
as Administrative Agent 

By:    /s/ Mark Golombeck    
Name: Mark Golombeck
Title: Managing Director

PIONEERS GATE LLC,
as a Class A Lender 

By:    /s/ Mark Golombeck    
Name: Mark Golombeck
Title: Managing Director

Signature Page to 
Amendment No. 1 to Credit Agreement

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