Document:

exv10w11

 

Exhibit 10.11

Wahoo Technologies, Inc.

301 University Ave. Ste. 440

Palo Alto, CA 94301

June 1, 2000

Hugh Njemanze

                                        

                                        

Dear Hugh,

This letter will serve as an offer of employment to you with Wahoo Technologies, Inc. (the
“Company”) as Vice President of Engineering. You will work in this capacity on a full-time basis,
giving your best efforts to the performance of your duties during normal business hours.

Your base salary will be $200,000 per year (the “Base Salary”), payable in installments with our
regular Company payroll (currently on the 1st and 15th of every month).

You will be entitled to purchase 1,000,000 restricted shares of the Common Stock of the Company
(the “Restricted Stock”), subject to the terms, provisions and restrictions as set forth in a
Restricted Stock Purchase Agreement to be entered into by and between you and the Company.

Also, as an employee of the Company, you will be eligible to participate in all medical, dental,
hospitalization, accidental death and dismemberment, disability, and any and all other plans as are
presently and hereinafter offered by the Company to its executives, including savings, pension,
profit-sharing, deferred compensation plans and stock option plans, subject to the general
eligibility and participation provisions set forth in such plans.

You will be entitled to three (3) weeks vacation each calendar year, to be taken at such time as
you and the Company shall mutually determine.

This employment agreement is intended to be an “at-will” employment agreement. Either you or the
Company can terminate this employment agreement for any reason at any time.

In the event that the Company terminates your employment for any reason, you will (a) receive any
accrued but unpaid salary and bonuses as of the date of termination, and (b) continue to receive
the base salary you were receiving immediately prior to such termination for a period of six (6)
months thereafter. In addition, you will retain that portion of the Restricted Stock that has
vested as of the date of termination of employment. Your right to continue in any employee benefit
or retirement programs, however, will cease upon any termination of your employment except to the
extent otherwise required under applicable law. The Company will have no further liability to you
hereunder.

 

 

In the event that you terminate your employment with the Company for any reason, you will receive
any accrued but unpaid salary and bonuses as of the date of termination, and your right to continue
in any employee benefit or retirement programs will cease except to the extent otherwise required
under applicable law. In addition, you will retain that portion of the Restricted Stock that has
vested as of the date of termination of employment. The Company will have no further liability to
you hereunder.

Any methodologies, inventions, improvements, discoveries, processes, programs or systems developed
or discovered by you relating to the Company’s business or proposed business while you are an
employee, whether during working hours or by using the Company’s facilities, equipment or trade
secrets, shall be the sole and exclusive property of the Company. You shall execute and deliver
such assignments and other documents necessary to vest all right, title and interest of any
discovery or development in the Company. The Company may film, videotape, photograph and record
your voice and likeness and may utilize your name and likeness in connection with the promotion of
the Company without any fee. The Company shall own all rights in any film, videotape, photograph or
record of your voice and likeness for such use. You acknowledge receipt of the notice provided by
the Company pursuant to the Labor Code of California, Section 2870(a) attached as Exhibit A hereto,
the terms of which are incorporated herein by reference.

Independent of any other obligation under this Agreement, during the term of your employment and
for period of one (1) year following the termination of employment for any reason, you shall not
directly or indirectly on your behalf, or on behalf of any business which provides or sells
services or products in competition with the Company: (i) solicit, interfere with, or endeavor to
entice away from the Company, or sell products or services which are competitive with the Company’s
products or services to, any clients or potential clients of the Company for which you have either
performed services, dealt with or obtained knowledge of as a result of your position, or was
engaged in sales or promotional efforts with during the last two (2) continuous years of
employment; (ii) become employed by or provide services to such clients; or (iii) employ, solicit
or endeavor to entice away from the Company any person employed by the Company during your
employment. You shall immediately notify the Company of any contact that such client or other party
has with you regarding potential employment.

You shall not disclose to any third party or use in competition with the Company any of the
Company’s confidential information or trade secrets, or that of its clients (including but not
limited to information and knowledge developed by you alone or with others). Upon termination or
upon demand by the Company, you shall promptly turn over to the Company all files, documents, lists
of clients and any other materials obtained from the Company or developed during the course of
employment.

You shall not disclose the terms of this employment agreement to any business competitive with the
Company that you become associated with. You agree and warrant that you are not under any
obligation, or have fully informed the Company of any obligation, that would conflict with the
obligations of this employment agreement or impede your ability to carry out the functions of your
position with the Company.

2

 

The Company shall be entitled to injunctive relief for any breach or threatened breach of this
employment agreement in addition to any other rights or remedies at law or equity. The parties
agree that any such breach would cause irreparable injury to the Company and that money damages
would not provide an adequate remedy. Employee shall pay reasonable attorneys’ fees, court costs
and expenses incurred by the Company in enforcing any provision in this employment agreement due to
your breach or anticipated breach.

This employment agreement (i) constitutes the entire understanding between the Company and you
regarding employment and supersedes, voids and replaces any prior agreements, arrangements and
communications, whether oral or written, made by and between the Company and you and (ii) shall be
construed in accordance with the laws of the State of California without application of conflicts
of laws principles.

This employment agreement is be governed by California law applicable to contracts wholly executed
and performed within that State.

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. This letter,
along with the agreement 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 may not be modified or amended except by a written agreement,
signed by an officer of the Company and by you.

Sincerely,

	 	 	 	 	 
	/s/ Alex
Daly
 	 	 
	Alex Daly 	 	 
	Chairman, CEO and President 	 	 
	WAHOO TECHNOLOGIES, INC. 	 	 

Agreed and Acknowledged on June 1, 2000

	 	 	 	 	 
	/s/ Hugh Njemanze
 	 	 
	Hugh Njemanze 	 	 

3exv10w12

 

Exhibit 10.12

	 	 	 
	ArcSight

	 	1309 South Mary Avenue
	 

	 	Sunnyvale CA 94087
	 

	 	T 408.328.5500
	 

	 	f 408.749.8700
	 

	 	www.arcsight.com

January 24, 2003

Mr. Stewart Grierson

                                        

                                        

Dear Stewart:

     This letter will serve as an offer of employment to you with ArcSight, Inc. as Vice President
Finance. You will work in this capacity on a full-time basis.

     In this position, your salary will be $11,666.66 per month, earned and paid semi-monthly.

     In addition, subject to approval of the Company’s Board of Directors or its Compensation
Committee you will be granted an option to acquire 200,000 shares of the Company’s Common Stock at
an exercise price equal to the fair market value of the shares on the date the option is granted or
your first date of employment, whichever is later. The option will be immediately exercisable, but
the unvested portion of the purchased shares will be subject to repurchase by the Company at the
exercise price in the event that your service terminates for any reason before you vest in the
shares. You will vest in 25% of the option shares after 12 months of continuous service, and the
balance will vest in equal monthly installments over the next 36 months of continuous service, as
described in your Stock Option Agreement.

     If the Company is subject to a Change in Control (as defined in the Plan) before your service
with the Company terminates and you are subject to an Involuntary Termination within 6 months after
that Change in Control, then; you shall become vested in an additional 50% of the unvested option
shares as of your termination date; and (ii) the Company will pay you severance pay and reimburse
you for the COBRA premiums paid by you to continue the health care coverage in effect for you and
your eligible dependants for a period of three (3) months following the termination of your
employment. Your severance pay will be at the rate of your base salary in effect at the time of the
termination of your employment and in accordance with the Company’s standard payroll procedures.
However, this paragraph (4) will not apply unless you (i) sign a general release of claims (in a
form prescribed by the Company,) and (ii) have returned all Company property.

     “Involuntary Termination” means (a) that your service is terminated by the Company without
Cause; (b) that you resign within thirty (30) days after the scope of your job responsibilities or
authority was materially reduced without your written consent; or (c) receipt of notice that your
principal workplace will be relocated 100 miles or more from its location at the time of notice.

     “Cause” means (a) any breach of this letter agreement, the Proprietary Information and
Inventions Agreement between you and the Company, or any other written agreement between you and
the Company, (b) any failure to comply with the Company’s written policies or rules, as they may be
in effect from time to time during your employment; (c) commission, conviction of, or a plea of
“guilty” or “no contest” to, a felony under the laws of the United States; (d) neglect of duties;
or (e) misconduct.

     As an employee, you will be eligible to participate in health and welfare benefits in
accordance with ArcSight, Inc.’s standard plan. In addition, you will accrue up to three (3) weeks
(15 days) of vacation per year pursuant to ArcSight, Inc.’s vacation policy.

     You are required to follow ArcSight, Inc.’s policies and practices. You will also have access
to certain of ArcSight, Inc.’s trade secrets, staff, customers, and confidential and proprietary
information. Accordingly, we ask that you sign the attached Proprietary Information and Inventions
agreements.

 

 

     While you render services to the Company, you agree that you will not engage in any other
employment, consulting or other business activity without the prior written consent of the Company.
While you render services to the Company, you also will not assist any person or entity in
competing with the Company, in preparing to compete with the Company or in hiring any employees or
consultants of the Company.

     Please understand that your employment at ArcSight, Inc. is for no specified period of time.
It is an at-will employment relationship, and either you or ArcSight, Inc. may terminate the
relationship at any time, for any reason, with or without cause. This paragraph is intended to be
the complete and exclusive statement regarding the circumstances under which your employment may be
terminated. It supersedes any prior agreement or representation. If any term of this paragraph
conflicts with any practice or policy of ArcSight, Inc., now or in the future, the terms of this
paragraph will control. The terms of this paragraph may not be changed except by written agreement
signed by you and the President of ArcSight, Inc.

     This offer is contingent upon your completion and execution of all employment documents, as
well as your ability to provide proof of identification and authorization to work in the United
States, (within three business days of your start date of January 29, 2003) and upon the completion
and acceptance of all information related to your background check, even if this information is not
known until after your employment commences.

     This offer of employment will expire midnight January 27, 2003 unless accepted by you on the
terms contained herein.

     Finally, this offer letter sets forth all the material terms of your employment. By signing
it, and thereby accepting employment at ArcSight, Inc., you acknowledge that you have not relied
upon any other written or oral statements concerning the terms of your employment.

     Please indicate your agreement with the terms of this letter by signing and dating two (2)
copies each of both the enclosed duplicate originals of this letter agreement and the Proprietary
Information and Inventions Agreements and returning them to me.

     We’re glad to have you on board!

	 	 	 
	 

	 	Sincerely,
	 
	 	 
	 
	 	/s/ Robert W. Shaw 
	 

	 	Robert W. Shaw
	 

	 	President and CEO
	 

	 	ArcSight, Inc.

I, Stewart Grierson, accept this offer:

	 	 	 	 	 
	/s/
Stewart Grierson 	 	 
	 
	 	 	 	 
	Date:
	 	1/27/03 	 	 
	 

	 	 

	 	 

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