Document:

exv10w6wa

Exhibit 10.6A

May 5, 2011

Andrew Keenan

12 Stop River Road

Norfolk, MA 02056

Dear Andrew Keenan:

This letter serves to provide you with additional severance benefits on the terms stated herein.
These benefits are in addition to any benefits already provided in your existing offer letter dated
April 27, 2007 from Carbonite, Inc. (the “Company” or “us”).

In addition to the provision of six months severance benefits under your existing offer letter,
upon your counter signature to this letter below, your severance benefits shall be increased so
that if you are terminated without Cause (as defined in your existing offer letter) or are
Constructively Terminated (as defined in your existing offer letter), in each case within one year
after the consummation of a Change of Control of the Company (as defined in your existing offer
letter), you will be entitled to receive an amount equal to (i) your then current base salary for
an additional three-month period and (ii) an amount equal to three times the monthly amount that
the Company paid for your participation in the Company’s health insurance plan during the month
immediately preceding the your termination date. The foregoing amounts shall be payable pro rata
over the three month period beginning with the conclusion of the six month severance period
provided for in your existing offer letter and shall be payable in accordance with the Company’s
normal payroll practices; provided, however, that the Company shall not make any severance payments
unless and until (x) you execute and deliver to the Company a general release in substantially the
form of Exhibit A attached hereto (the “Release”), (y) such Release is executed and
delivered to the Company within twenty-one (21) days after your termination date and (z) all time
periods for revoking the Release have lapsed. If you are terminated during the month of December
of any calendar year and are owed severance hereunder, no severance payments shall be made prior to
January 1st of the next calendar year and any amount that would have otherwise been
payable to you in December of the preceding calendar year will be paid to you on the first date in
January on which you would otherwise be entitled to any payment. Upon the expiration of the six
month period provided for in your existing offer letter, all health insurance benefits shall cease.
From and after such date, you may elect to continue your participation in the Company’s health
insurance benefits at your expense pursuant to COBRA by notifying the Company in the time specified
in the COBRA notice you will be provided and paying the monthly premium yourself. Notwithstanding
the above, if you are a “specified employee” within the meaning of Section 409A of the Internal
Revenue Code of 1986, as amended (the “Code”), then any amounts payable to you during the first six
months and one day following the date of your termination that constitute nonqualified deferred
compensation within the meaning of Section 409A of the Code (as determined by the Company in its
sole discretion) shall not be paid to you until the date that is six months and one day following
such termination to the extent necessary to avoid adverse tax consequences under Section 409A of
the Code.

By signing below, you agree to the provisions of this letter with respect to the additional
severance benefits provided for herein and you affirm the other provisions in your existing offer
letter.

Sincerely,

	 	 	 

	CARBONITE, INC.

	 	EMPLOYEE:
	By: /s/ David Friend
	 	/s/ Andrew Keenan
	 

	 	 
	David Friend 
CEO
	 	Sign Name

	 
	 	 
	 

	 	Andrew Keenan
	 

	 	 
	 
	 	(Print Name)
	 
	 	 
	 

	 	Date: May 5, 2011

1

 

WAIVER OF CLAIMS AND GENERAL RELEASE

     This Waiver of Claims and General Release (the “Release”) is to confirm that the undersigned’s
at-will employment with Carbonite, Inc. (the “Company”) is terminated effective as of_______, 201_
(the “Termination Date”). Effective as of the Termination Date, by execution of this Release, the
undersigned (“you”) hereby resign from all offices you hold with the Company and any of its
subsidiaries.

     Please read this Release carefully. To help you understand the Release and your rights as a
terminated employee, consult with your attorney.

     Consistent with the provisions of that certain Severance Agreement by and between you and the
Company dated as of ________, 2011 (the “Severance Agreement”), the Company will provide you with
severance pay pursuant to the terms of the Severance Agreement. In consideration for the severance
payments and other good and valuable consideration set forth in the Severance Agreement, you hereby
agree as follows:

1. Release. You hereby release and forever discharge the Company and each of its past and
present officers, directors, employees, agents, advisors, consultants, successors and assigns from
any and all claims and liabilities of any nature by you including, but not limited to, all actions,
causes of actions, suits, debts, sums of money, attorneys’ fees, costs, accounts, covenants,
controversies, agreements, promises, damages, claims, grievances, arbitrations, and demands
whatsoever, known or unknown, at law or in equity, by contract (express or implied), tort, pursuant
to statute, or otherwise, that you now have, ever have had or will ever have based on, by reason
of, or arising out of, any event, occurrence, action, inaction, transition or thing of any kind or
nature occurring prior to or on the effective date of this Release. Without limiting the
generality of the above, you specifically release and discharge any and all claims and causes of
action arising, directly or indirectly, from your employment at the Company, arising under the
Employee Retirement Income Security Act of 1974 (except as to claims pertaining to vested benefits
under employee benefit plan(s) of the Company), Title VII of the Civil Rights Act of 1964, the Age
Discrimination in Employment Act of 1967, the Equal Pay Act, the Rehabilitation Act, the Americans
With Disabilities Act, Chapter 151B of the Massachusetts General Laws, Chapter 149 of the
Massachusetts General Laws, the Massachusetts Civil Rights Act and the Massachusetts Equal Rights
Laws and all applicable amendments, or any other law, statute, ordinance, rule, regulation,
decision or order pertaining to employment or pertaining to discrimination on the basis of age,
alienage, race, color, creed, gender, national origin, religion, physical or mental disability,
marital status, citizenship, sexual orientation or non-work activities. Payment of any amounts and
the provision of any benefits provided for in this Release do not signify any admission of
wrongdoing by the Company or any of its affiliates.

     The foregoing shall not restrict you from instituting any proceeding to enforce the Company’s
obligations to you under this Release or to challenge the validity, or the knowing and voluntary
nature, of this Release.

2. Older Workers Benefit Protection Act. Pursuant to the Older Workers Benefit Protection
Act, the Company hereby advises you that you should consult an attorney before signing this
Release, that you are entitled to take up to twenty-one (21) days from the date of your receipt of
this Release to consider it and that you may have seven (7) days from the date you sign this
Release to revoke it. The revocation must be personally delivered to the Company’s Human Resource
Manager or his/her designee, or mailed to them via certified mail, return receipt requested and
postmarked within seven (7) calendar days of your execution of this Release. This Release shall
not become effective or enforceable until the revocation period has expired. Nothing herein is
intended to, or shall, preclude you from filing a charge with any appropriate federal, state, or
local government agency and/or cooperating with said agency in any investigation. You, however,
explicitly waive any right to file a personal lawsuit and/or receive monetary damages that the
agency may recover against each of the parties released in Paragraph 1 above, without regard as to
who brought any said complaint or charge.

3. Confidentiality of this Release. You agree that you shall keep the terms of this
Release strictly confidential and not disclose, directly or indirectly, any information concerning
them to any third party, with the exception of your spouse (if you have a spouse), financial or
legal advisors, provided that they agree to keep such information confidential as set forth herein
and not disclose it to others, and except as may be required by court order or legal process.

4. Breach. You agree that all of the payments and benefits provided for in the Severance
Agreement are subject to termination, reduction or cancellation in the event of your material
breach of this Release.

5. Enforcement. The parties agree that any legal proceeding brought to enforce the
provisions of this Release may be brought only in the courts of the Commonwealth of Massachusetts
or the federal courts located in Massachusetts and each party hereby consents to the jurisdiction
of such courts.

2

 

6. Severability. If any of the terms of this Release shall be held to be invalid and
unenforceable and cannot be rewritten or interpreted by the court to be valid, enforceable and to
meet the intent of the parties expressed herein, then the remaining terms of this Release are
severable and shall not be affected thereby.

7. Miscellaneous. This Release and the Severance Agreement constitutes the entire
agreement between the parties about or relating to your termination of employment with the Company,
or the Company’s obligations to you with respect to your termination and fully supersedes any and
all prior agreements or understandings between the parties.

8. Representations. You affirm that the only consideration for signing this Release is
described in the Severance Agreement as referenced herein and that no other promises or agreements
of any kind have been made to or with you by any person or entity whatsoever to cause you to sign
this Release, and that you fully understand the meaning and intent of this instrument. You agree
that at all times during your employment you were properly compensated for all hours you worked and
that you suffered no work related accident, illness or injury. You agree that you will not
disparage the Company in any way, nor will you make any public comments or communications which
tend to cast the Company, its owners, directors, officers or employees in a negative light.

     You acknowledge that you have carefully read this Release, voluntarily agree to all of its
terms and conditions, understand its contents and the final and binding effect of this Release, and
that you have signed the same as your own free act with the full intent of releasing the Company
from all claims you may have against it.

	 	 	 	 	 

	EMPLOYEE

	 	 	 	CARBONITE, INC.
	 
	 

	 	By:	 	 
	 

	 	 	 	 
	Name:

	 	 	 	Name:
	 

	 	 	 	Title:
	 
	 	 	 	 
	Date Signed:

	 	 	 	Date Signed:

	  By Above Party

	 	 	 	  By Above Party

3exv10w7

Exhibit 10.7

September 7,2007

Swami Kumeresan

780 Boylston St., Apt. 18H

Boston, MA 02199

Dear Swami:

This letter serves to confirm the terms of our employment agreement.

	 	 	 

	Position:

	 	VP, Marketing
	 
	 	 
	Status:

	 	Full-time, Regular, Exempt
	 
	 	 
	Reporting to:

	 	David Friend, President & CEO
	 
	 	 
	Compensation:

	 	Base salary (annualized) of $130,000, which is
$5,416.67 semi-monthly, paid in accordance: with the
Company’s normal payroll procedures. You should note
that Carbonate may modify salaries and benefits from
time to time as it deems necessary.
	 
	 	 
	 

	 	All forms of compensation which are referred to in
this offer letter are subject to reduction into
reflect applicable withholding and payroll taxes.
	 
	 	 
	Bonus

	 	You will be eligible for an annual management bonus
opportunity. This incentive payment will be based
upon the achievement of management objectives to
which we mutually agree. The management bonus plan is
subject to the approval of the Company’s Compensation
Committee.
	 
	 	 
	Change of Control

	 	If during the first six months after a change of
Control (as defined below) you are terminated
without cause or if, you voluntarily resign from
the company due to “Constructive Termination” (as
defined in section Severance), then 50% of your then
unvested options, as of the date of the Change of
Control, shall immediately vest.
	 
	 	 
	 

	 	“Change of Control” shall mean the occurrence of any
of the following events: (1) the sale, lease or other
disposition of all or substantially all of the assets
of the Company or (2) an acquisition of the Company
by another corporation or entity by consolidation,
merger or other reorganization that results in a
change in financial control of the company.

 

 

	 	 	 

	Severance

	 	In the event that your employment is terminated
because your position is (1) eliminated; or
(2)where there is a material adverse change in
your then current salary, title, duties,
responsibilities or job location (defined as a
mandatory job relocation of more than 50 miles),
that causes you to voluntarily terminate your
employment (“Constructive Termination”); or (3)
except where such elimination or material adverse
change occurs as a result of the Company’s
financial survival being demonstrably at risk or
in doubt; or (4) except for “cause” (as defined
below), the Company will pay you severance in an
amount equal to three months of your base salary
and fringe benefits (as defined below). Such
severance payment will be made promptly in a
single, lump sum. The severance amount will be
paid in addition to any payments owed to you in
the form of wages, earned but unpaid bonuses,
reimbursable business expenses, and payments
otherwise owed to you by statute or agreement.
	 
	 	 
	 

	 	“Fringe Benefits” — the Company will continue to
make available to you all fringe benefits in which
you participated during your employment, and will
continue to make contributions and payments on
fringe benefits at the same rates it did during
your employment.
	 
	 	 
	 

	 	“Cause” shall mean (1) Willful and continued
failure to substantially perform the duties and
obligations of position with the Company; (2)
Conviction of, or plea of nolo contendere or
guilty to, a felony under the laws of the United
States or any State, excluding felonies for minor
traffic violation and vicarious liability (so
long as you did not know of the felony and did not
willfully violate the law) (3) Proven act of
fraud, theft. embezzlement or other
material dishonesty taken by you which was
intended to result in substantial gain or personal
enrichment at the expense of the Company; (4)
Intentional violation of a federal or state law or
regulation applicable to the Company’s business
which violation was or is reasonably likely to be
injurious to the Company, excluding violations
made in good faith and upon advice of the
Company’s CEO counsel or directive of the Board.
	 
	 	 
	Effective Date:

	 	Salary change effective as of June 1 2007.

2

 

Please understand that your employment with Carbonite 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, with or without notice. Similarly, Carbonite is free to
conclude its employment relationship with you at any time with or without cause and
with or without notice.

Like all Carbonite employees, you will be required, as a condition of your
continued employment with Carbonite, to sign the Company’s Non-Competition and
Non-Disclosure Agreement. Please sign one copy and return it with this letter, retaining
a copy for your files.

You agree that, during the term of your employment with Carbonite, you will not engage
in any other employment, occupation, consulting or other business activity directly
related to the business in which Carbonite 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 Carbonite.

To indicate your acceptance of our agreement, please sign and date the attached
Acceptance and Acknowledgement. A duplicate original is enclosed for your records. This
letter, along with the Carbonite Non-Competition and Non-Disclosure Agreement, set forth
the terms of your employment with Carbonite 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 the President and CEO or Chief Financial Officer of
Carbonite and by you.

Sincerely,

	 	 	 	 	 
	 	CARBONITE, INC.

 	 
	 	/s/ David Friend
 	 
	 	David Friend 	 
	 	President & CEO

Enclosures 	 

3

 

	 	 	 	 	 

ACCEPTANCE AND ACKNOWLEDGMENT

I accept the employment agreement as set forth in the agreement letter dated September 7,2007.
I understand and acknowledge that my employment with Carbonite is for no particular duration
and is at-will, meaning that I, or Carbonite, may terminate the employment relationship at any
time, with or without cause and with or without prior notice.

I understand and agree that the terms and conditions set forth in the agreement letter
represent the entire agreement between Carbonite and me superseding all prior negotiations and
agreements, whether written or oral. I understand that the terms and conditions described in
the agreement letter, along with the Carbonite Non-Competition and Non-Disclosure Agreements
are the terms and conditions of my employment. No one other than Carbonite’s President and CEO
or Chief Financial Officer is authorized to sign any employment or other agreement which
modifies the terms of the offer letter and Carbonite Non-Competition and Non-Disclosure
Agreement, and any such modification must be in writing and signed by either such executive, I
understand that Carbonite may modify salary and benefits as well as other plans and programs
from time to time as it deems necessary.

	 	 	 	 	 
	Signature: 	/s/  Swami Kumaresan 	 
	
Printed Name: Swami
Kumaresan	 
	
Date: 
	 

4

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00189-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00189-of-00352.parquet"}]]