Document:

Form of Change in Control for executive officers

 Exhibit 10.2 
 

 
 Date 
  

	Re:	Change in Control Letter Agreement 

 Dear
            : 
 BakBone Software, Incorporated, a Canadian corporation (the “Company”)
desires, for its continued success, to have the benefit of experienced management personnel. The Board of Directors of the Company therefore believes that it is in the best interests of the organization that, in the event of any prospective Change
in Control (as hereinafter defined) of the Company, you be reasonably secure in your employment and position with the Company. In addition, in the event of a Change in Control, the Board of Directors also wants to enable you to exercise independent
judgment as to the best interests of the Company and its stockholders without the distraction of any personal uncertainties or risks regarding your continued employment with the Company. In consideration of the foregoing, we are offering you the
additional benefits outlined below: 
 Definition of “Change in Control.” 
 For purposes of this Change in Control Letter Agreement (“Letter Agreement”), a Change in Control shall consist of any one or more of the following events (whether in a single transaction or a series of
related transactions): (i) the consummation of a merger or consolidation of the Company with or into another entity or any other corporate reorganization, if more than fifty percent (50%) of the combined voting power of the continuing or
surviving entity’s securities outstanding immediately after such merger, consolidation or other reorganization is owned by persons who were not stockholders of the Company immediately prior to such merger, consolidation or other reorganization;
(ii) the sale, transfer or other disposition of all or substantially all of the Company’s assets; (iii) any transaction as a result of which any person or related group of persons becomes the “beneficial owner” (as defined
in Rule 13d-3 under the Securities Exchange Act of 1934, as amended), directly or indirectly, of securities of the Company representing at least fifty percent (50%) of the total voting power represented by the Company’s then
outstanding voting securities (other than as a result of the new issuance of securities by the Company in any transaction or series of related transactions determined by the Board of Directors to be for the primary purpose of raising capital); or
(iv) a liquidation or dissolution of the Company. 

 Notwithstanding the foregoing, a transaction shall not constitute a Change in Control if: (i) its sole purpose is to
change the state of the Company’s incorporation; (ii) its sole purpose is to create a holding company that will be owned in substantially the same proportions by the persons who held the Company’s securities immediately before such
transaction; or (iii) following the consummation of the transaction or series of related transactions, members of the Board of Directors of the Company prior to such transaction constitute a majority of the members of the Board of Directors of
the continuing or surviving entity. 
 Change of Control Benefits. 
 If, within twelve (12) months following the consummation of the Change in Control, you are either terminated by the Company (which term shall hereinafter also refer to and include any successor entity) without
Cause (as hereinafter defined) or you voluntarily terminate your employment with the Company for “Good Reason” (as hereinafter defined), and provided you execute a general release in a form provided by the Company at the time of
termination, you will be entitled to receive the following benefits: 
 Severance Benefits. 
 You will be entitled to receive a severance payment in an amount equal to nine (9) months of your then-current
base salary in effect as of the date of such termination (less applicable withholding). At the Company’s discretion, the severance payment may be paid to you in a lump sum or on a periodic basis in accordance with the Company’s regular
payroll practices, provided, however, that all amounts must be paid no later than the 15th day of the third month following the end of the calendar
year in which your termination of employment occurred. 
 Continuation of Benefits. 
 In addition, the Company will provide for the continuation of your healthcare benefits in effect at the time of the termination (including medical, dental and vision) pursuant to COBRA for a nine (9) month period
in the event your severance payment is paid on a periodic basis. If the severance payment is paid in a lump sum, you would be responsible for the conversion and payment of premiums under COBRA. Your receipt of these benefits is conditioned on your
completing all necessary documentation on a timely basis necessary to obtain or maintain such coverage under COBRA. In addition, the Company shall have the authority to delay the provision of any benefits until six (6) months after the date of
your termination to the extent required by Section 409A (or regulations or rulings thereunder) of the Internal Revenue Code of 1986, as amended (the “Code”), as reasonably determined by the Company, and you will be reimbursed for any
premiums or other expenses which you were required to pay during the six (6) month period following the date of termination in order to maintain such benefits. In no event will the Company be obligated by this Letter Agreement to provide more
than nine (9) months of continued healthcare benefits at its own expense. 
 Acceleration of Option Vesting. 
 Finally, any future grant to you of options to purchase shares of the Company’s capital stock will include the appropriate language providing that any of the related
unvested options outstanding at the time you are terminated by the Company without Cause or voluntarily terminate your employment with the Company for “Good Reason” as the result of a Change in Control as herein defined will become fully
vested and exercisable pursuant to the terms and conditions of the related Stock Option Agreement. 

 Definition of “Cause.” 
 As used in this Letter Agreement, the term “Cause” shall have the meaning, with respect to the termination of your employment by the Company, expressly set forth in any then-effective written agreement
regarding your employment between you and the Company, or in the absence of such then-effective written agreement and definition, shall mean termination of your employment as a result of your: (i) performance of any act or failure to perform
any act in bad faith and to the detriment of the Company; (ii) dishonesty, intentional misconduct or material breach of any agreement with the Company; or (iii) commission of a crime involving dishonesty, breach of trust, or physical or
emotional harm to any person. 
 Definition of “Good Reason.” 
 As used in this Letter Agreement, the term “Good Reason” shall mean the termination of your employment by you following the occurrence of any of the following events or conditions (unless otherwise consented
to by you, provided that you shall be deemed to have consented to any such event or condition unless you provide written notice of your non-acquiescence within thirty (30) days of the effective time of such event or condition): (i) a
change in your responsibilities or duties which represents a material and substantial diminution in your responsibilities or duties as in effect immediately preceding the consummation of the Change in Control; (ii) a reduction in your base
salary to a level below that in effect at any time within six (6) months preceding the consummation of a Change in Control or at any time thereafter; provided that an across-the-board reduction in the salary level of substantially all other
individuals in positions similar to yours by the same percentage amount shall not constitute such a salary reduction; or (iii) requiring you to be based at any place outside a fifty (50) mile radius from your job location or residence
prior to the Change in Control, except for reasonably required travel on business which is not materially greater than such travel requirements prior to the Change in Control. 
 Notwithstanding anything herein to the contrary, nothing contained in this Letter Agreement shall provide you with any right to be continuously employed by the Company for any specific period and your employment shall
continue to be terminable “at will” for any reason or no reason, with or without Cause or prior notice. 
 Notwithstanding any other provision of
this Letter Agreement whatsoever, the Company, in its sole discretion, shall have the right to provide for the application and effects of Section 409A of the Code (relating to deferred compensation arrangements) and any related administrative
guidance issued by the Internal Revenue Service. The Company shall have the authority to delay the payment of any amounts under this Letter Agreement to the extent it deems necessary or appropriate to comply with Section 409A(a)(2)(B)(i) of the
Code (relating to payments made to certain “key employees” of certain publicly-traded companies); in such event, the payment(s) at issue may not be made before the date which is six (6) months after the date of the termination of your
employment or, if earlier, the date of death. In the event the payment(s) are delayed as set forth above, the Company will pay the amount(s) due in a lump sum payment and forego its right to elect to pay on a periodic basis. 

 The Company shall deduct and withhold from any amounts payable to you hereunder any amounts required to be deducted or
withheld by the Company under the provisions of any applicable federal, state or local statute, law, regulation, ordinance or order (including, without limitation, any applicable exercise tax pursuant to Section 4999 of the Code). 

Miscellaneous. 
 The rights and obligations of the parties
hereunder shall be governed by and interpreted, construed and enforced in accordance with the laws of the State of California without regard to its or any other jurisdiction’s conflict of laws principles. None of your rights or benefits, or
obligations or duties of the Company to you, may be assigned or transferred by you without the consent of the Company. Any provision herein may be modified, terminated or waived only by a written agreement executed by the party against whom
enforcement is sought. If any provision of this Letter Agreement shall be held invalid, the remainder of this Letter Agreement shall not be affected thereby. Each party shall execute and deliver all instruments and documents and take all actions as
may be reasonably required or appropriate to carry out the purposes of this Letter Agreement. This Letter Agreement may be executed in any number of counterparts, each of which shall be deemed an original but all together of which shall constitute
one and the same instrument. This Letter Agreement constitutes the full and entire understanding and agreement between the parties with regard to the subject matter hereof and supersedes any outstanding agreements pertaining to the subject matter
hereof. 
 We ask that you acknowledge your receipt of this Letter Agreement and your agreement to its terms and conditions by signing and dating this Letter
Agreement within seven days of receipt and return an executed copy to Kimberly Stout, Human Resources Manager , BakBone Software, Inc. 9540 Towne Center Drive, San Diego, CA 92121. Fax number 858-795-7688. 
  

									
	BakBone Software, Inc.	 		 	Acknowledged, agreed and accepted by:
			
	 	 		 	 
	James R. Johnson	 		 		 	
	President and Chief Executive Officer	 		 	Print Name: 	 	 
	Date 	 	 	 		 	DateOffer Letter

 Exhibit 10.16 
 

 
 September 14, 2005 
 Ken
Horner 
  

	RE:	Offer of Employment from BakBone Software, Inc. 

 Dear Ken:

 On behalf of BakBone Software, we would like to extend our offer to you for the position of Senior VP of Corporate Development and Strategy, reporting
directly to Jim Johnson, President and CEO, with start date of September 1, 2005. This offer letter supersedes any other. 
 Your
salary will be $225,000 annually, which equals $9375 per pay period, payable as earned in accordance with the Company’s normal payroll policies (the 15th and last working day of the month). 
 In this position you are also eligible to receive a bonus of up to $112,500 per year. The actual terms of your bonus will be as follows: 
  

	 	•	 	 50% is payable on the Company’s attainment of quarterly revenue targets with a qualifying starting point of 80% of quarterly revenue attainment

  

	 	•	 	 50% is payable on the achievement of predefined quarterly MBO’s. These MBO’s will include the successful execution of the corporate development strategy
and the successful revenue and profit contributions from corporate development activities over time. 

 All employees are entitled to
participate in our health and dental benefits programs. Your coverage will begin on October 1, 2005. Additionally, the Company carries a $100,000 life insurance policy on you. Details of all benefit plans including 401K, flex spending and our
529 education plan will be provided to you. In addition to the above, you will be eligible to participate in BakBone’s stock option plan upon approval of the Board of Directors. 
 By accepting this offer of employment you will be required to acknowledge receipt of BakBone’s standard corporate personnel acknowledgements and Employee Resource Manual which is provided to all employees and
management. 
 This offer is conditional in all respects to verification, as is acceptable to the Company, of your authorization to work in the United
States. BakBone is an equal opportunity employer and does not discriminate based on any category protected by California or Federal law. 
  

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 BakBone Software is an at-will employer. This means that you and/or the Company have the right to terminate your
employment at any time with or without cause and with or without notice. Any contrary representations are superceded by this offer. Any modifications to this at-will term of your employment must be in writing and signed by you and the President and
CEO. This Offer of Employment in no way creates an employment contract between you and the Company. 
 We agree that, to the extent permitted by law, all
claims or disputes between you and the Company, or its officers, employees or affiliates, will be resolved by final, binding arbitration, in accordance with the employment dispute resolution rules of the American Arbitration Association. This
agreement includes disputes of any nature, including, without limitation, all claims for any alleged unlawful employment practice, discrimination, harassment, termination of employment, or any other disputes which may hereafter occur. 
 This offer will expire on the 15th day of September 2005. 
 We are very happy to make this offer and look forward to working with you. If these terms are
agreeable to you, please sign below and return to Human Resources at fax # 858-450-6928. 
  

					
	BakBone Software, Inc.	 		 	
		
	/s/ Jim Johnson	 	this 14th day of September, 2005.
	 Jim Johnson
	 		 	
	 President and CEO
	 		 	

 Acknowledged, Agreed and Accepted by: 
  

					
	/s/ Ken Horner	 	this 14th day of September, 2005.
	Ken Horner (by signing, I agree to keep the terms of my employment confidential.)

  

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