Document:

tlnd_Ex10_18

		

			Exhibit 10.18

		

		

			 

		

		

			

		

		
			Christal Bemont
		

		
			Via E-mail
		

		
			 
		

		
			January 7, 2020
		

		
			 
		

		
			Dear Christal,
		

		
			 
		

		
			On behalf of Talend, Inc. (the “Company”), I am pleased to offer you the position of Chief Executive Officer (“CEO”) on the terms and conditions set forth below to be effective as of your start date (the “Effective Date”), which is expected to be January 8, 2020.
		

		
			 
		

		
			1.         Duties and Responsibilities.  As CEO, you will be based in our Redwood City, CA offices, and will be employed with the Company on a full-time basis.  You will report to the board of directors (the “Board”) of Talend, S.A., the Company’s parent company (“Parent”) and will have such duties and responsibilities customarily associated with a chief executive officer position as assigned by the Board. In addition, on the Effective Date, you will be appointed to serve as a member of the Board, subject to any required shareholder approvals, and during the period in which you are serving as CEO, you will be nominated to continue such service on the Board.
		

		
			 
		

		
			2.         Base Salary. Your annualized base salary will be $500,000, payable in accordance with the Company’s normal payroll procedures, and less applicable tax withholdings.
		

		
			 
		

		
			3.         Annual Bonus.  You will be eligible to earn an annual cash performance bonus with a target of $500,000 (the “Target Bonus”), based upon achievement of the performance goals set by the Board and the Board’s assessment of achievement of those goals as well as the terms and conditions of the bonus plan to be approved by the Board. For 2020, you will be entitled to a minimum annual bonus equal to your Target Bonus, which will be payable, less applicable tax withholdings, in four quarterly installments ($125,000 per quarterly installment), and you will have the opportunity to earn amounts in excess of the Target Bonus based on the Board’s assessment of achievement of the 2020 performance goals established by the Board.  For 2021, your Target Bonus will be payable quarterly, less applicable tax withholdings, to the extent of the achievement of the performance goals established by the Board for 2021, with the achievement assessed by the Board.  Your receipt of any achieved amount of your Target Bonus (including each quarterly installment of your 2020 bonus and 2021 bonus) is subject to your continued employment with the Company through the applicable payment date, and such amount will not be earned if your employment with the Company terminates for any reason or no reason prior to the applicable payment date.  The achieved amount of your Target Bonus for any year will be payable no later than March 15th of the year following the year in which such amount is earned.
		

		
			 
		

		
			4.         Relocation Bonus.  You will receive a lump sum cash bonus of $75,000, less applicable tax withholding, to be paid no later than the second Company payroll date following the Effective Date (the “Relocation Bonus”),  for you and your family to relocate to the San Francisco Bay Area within six months of your Start Date.  If you cease to be employed as the Company’s CEO due to either your voluntary resignation (other than for Good Reason (as defined in the Severance Agreement)) or your termination by the Company for Cause (as defined in the
		

		
			

		 

			

					

						 

					

						 

					

						 

					

					

						 

					

					

						 

					

					

						 

				
	

					

						Talend Inc. 

					

						800 Bridge Parkway, Suite 200

					

						Redwood City, CA, 94065, U.S.A.

					

					

						 

					

					

						 www.talend .com       

					

					

						 

				

		

			 

		

		

			 

		

		

			

		

		

		
			Severance Agreement), in either case, prior to the one-year anniversary of the Effective Date, you must immediately repay to the Company a portion of the Relocation Bonus within 30 days of your employment termination date, with such portion equal to the product (rounded to the nearest whole cent) of: (a) the gross amount of the Relocation Bonus multiplied by (b) a fraction (i) the numerator of which is equal to the difference between (x) 12 minus (y) the number of completed months you have served as the CEO as measured immediately prior to your termination date and (ii) the denominator of which is 12.
		

		
			 
		

		
			5.         Equity Awards.  Subject to the approval of the Board, you will be granted equity awards to acquire ordinary shares of Parent (each, an “Equity Award”) on the terms set forth below:
		

		
			 
		

		
			a.  Sign-On Award.  A sign-on grant of time-based restricted stock units (“RSUs”) with a value equal to $3,000,000 (the “Sign-On Award”), to be granted on or shortly following the Effective Date.  The Sign-On Award will vest as to 100% of the grant on the 2-year anniversary of the 15th day of the month occurring in or following the month of the grant date, subject to your continued employment with the Company through that date.
		

		
			 
		

		
			b.  2020 Award.  2020 annual grants of RSUs with a value equal to $3,500,000 and performance-based restricted stock units (“PRSUs”) with a value equal to $3,500,000 (each, a  “2020 Annual Award”), to be granted at the same time as 2020 annual awards are made to the Company’s other senior executives.  Each 2020 Annual Award will vest as to 40% of the grant on the 2-year anniversary of the 15th day of the month occurring in or following the month of the grant date and the remaining portion of the grant will vest in equal quarterly installments thereafter for an additional 8 quarters, subject to your continued employment with the Company, and, in the case of the 2020 Annual Award that is a grant of PRSUs only to the extent that the performance metrics for such grant that are established by the Board are achieved, as determined by the Board.
		

		
			 
		

		
			c.  New Hire Awards.  New hire grants of 66,613 RSUs and 66,613 PRSUs  (each, a  “New Hire Award”), to be granted on or shortly following Parent’s 2020 annual meeting of shareholders (which is expected to occur in June 2020).  Each New Hire Award will vest as to 55% of the grant on the 2-year anniversary of the 15th day of the month occurring in or following the month of the grant date and the remaining portion of the grant will vest in equal quarterly installments thereafter for additional 6 quarters,  subject to your continued employment with the Company, and, in the case of the New Hire Award that is a grant of PRSUs only to the extent that the performance metrics for such grant that are established by the Board are achieved, as determined by the Board.
		

		
			 
		

		
			The value of each of the Sign-On Award and 2020 Award will be converted into a number of units based upon the 10-day average closing price of an ordinary share of Parent calculated as of the day prior to the date such Equity Award is granted.  The Equity Awards shall be subject to the terms, definitions, and provisions of the 2019 Free Share Plan (or its successor) as approved by the Board and the applicable form of award agreement approved by the Board for grants under the plan (collectively, the “Equity Documents”).
		

		
			 
		

		
			
		

		
			

		 

			

					

						 

					

						 

					

						 

					

					

						 

					

					

						 

					

					

						 

				
	

					

						Talend Inc. 

					

						800 Bridge Parkway, Suite 200

					

						Redwood City, CA, 94065, U.S.A.

					

					

						 

					

					

						 www.talend .com       

					

					

						 

				

		

			 

		

		

			 

		

		

			

		

		

		
			6.         Employee Benefits.  You will also be eligible to receive certain employee benefits including health, dental and vision insurance, generally applicable to the Company’s senior employees, and subject to the applicable benefit plans.  The Board may modify your compensation or benefits as it deems necessary.
		

		
			 
		

		
			7.         Severance. You will be eligible to enter into a Change of Control and Severance Agreement in substantially the form attached as Exhibit 10.36 to the Company’s Form F-1 Registration Statement filed with the Securities and Exchange Commission on July 11, 2016 (the “Severance Agreement”). The Severance Agreement will specify the severance payments and benefits you would be entitled to in connection with certain terminations of employment, with such payments and benefits summarized on Exhibit A.
		

		
			 
		

		
			8.         At-Will Employment.  Your employment with the Company is for no specified period and constitutes at-will employment.
		

		
			 
		

		
			9.         Conditions to Employment.  Your employment is conditioned on you providing the Company documentary evidence of your identity and eligibility for employment in the United States within 3 business days of the Effective Date.  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’s understanding 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 Parent and the Company are now involved or become 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 Parent or the Company, including that of your former employer, and that in performing your duties for Parent or the Company you will not in any way utilize any such information.
		

		
			 
		

		
			10.       Other Documents.  As a condition of your employment with the Company, you will be required to sign, or otherwise agree to, and/or acknowledge receipt of the Talend employee handbook, the Company’s standard Confidential Information and Invention Assignment Agreement, and Talend’s Code of Ethics.
		

		
			 
		

		
			This letter, together with your Confidential Information and Invention Assignment Agreement, Code of Ethics, the Equity Documents, and the Severance Agreement, forms the complete and exclusive statement of your employment terms and conditions with the Company on the subjects covered herein.  The employment terms and conditions in this letter supersede and replace any prior written or oral communications to you concerning the terms and conditions of your Company employment. This letter will be governed by and construed in accordance with the laws of the State of California, without regard to conflicts of laws principles thereof. Any disputes dispute arising from this letter shall be decided only in a state or federal court sitting in Santa Clara County, California, which the parties expressly agree shall be the exclusive venue for any such action. Any modifications or amendments to this letter require the written consent of the parties to this letter.
		

		
			 
		

		
			
		

		
			

		 

			

					

						 

					

						 

					

						 

					

					

						 

					

					

						 

					

					

						 

				
	

					

						Talend Inc. 

					

						800 Bridge Parkway, Suite 200

					

						Redwood City, CA, 94065, U.S.A.

					

					

						 

					

					

						 www.talend .com       

					

					

						 

				

		

			 

		

		

			 

		

		

			

		

		

		
			Christal, we are thrilled to have you join the team and look forward to working, growing and succeeding together.  This offer of employment will terminate if it is not accepted, signed and returned by January 8, 2020.
		

		
			 
		

		
			Sincerely,
		

		
			 
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						/s/ S. Steven Singh

					
					
						 

				
	
					
						S. Steven Singh

					
					
						 

				
	
					
						Chairman

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						Agreed to and accepted:

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						Signature: 

					
					
						/s/ Christal Bemont

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						Printed Name: 

					
					
						Christal Bemont

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						Date: 

					
					
						January 8, 2020

					
					
						 

				

		
			 
		

		
			 
		

		
			
		

		
			

		 

			

					

						 

					

						 

					

						 

					

					

						 

					

					

						 

					

					

						 

				
	

					

						Talend Inc. 

					

						800 Bridge Parkway, Suite 200

					

						Redwood City, CA, 94065, U.S.A.

					

					

						 

					

					

						 www.talend .com       

					

					

						 

				

		

			 

		

		

			 

		

		

			

		

		

		
			Exhibit A
		

		
			 
		

		
			Severance and Change of Control Benefits
		

		
			 
		

		
			The following is a summary of the payments and benefits that will be set forth in the Severance Agreement and will be subject to the terms and conditions therein.
		

		
			 
		

			
	
			
				 ·
			

			
	
			
			COC Qualified Termination (Section 3(a) of the Severance Agreement)

		
			 
		

		
			o    A lump sum payment equal to 150% of annual base salary.
		

		
			o    A lump sum payment equal to pro-rated target bonus for the year of termination (reduced by bonus amounts previously payable for the year).
		

		
			o    Reimbursement of COBRA premiums for up to 18 months following termination, or taxable monthly payment in lieu thereof for a period of 18 months.
		

		
			o    100%  acceleration of vesting of any then-unvested shares subject to then-outstanding equity awards and, for any outstanding equity awards with performance-based vesting requirements, the performance metrics will be deemed achieved at the greater of actual performance or 100% of target levels.
		

		
			 
		

			
	
			
				 ·
			

			
	
			
			Non-COC Qualified Termination (Section 3(b) of the Severance Agreement)

		
			 
		

		
			o    A lump sum payment equal to 100% of annual base salary.
		

		
			o    A lump sum payment equal to pro-rated target bonus for the year of termination (reduced by bonus amounts previously payable for the year).
		

		
			o    Reimbursement of COBRA premiums for up to 12 months following termination, or taxable monthly payment in lieu thereof for a period of 12 months.
		

		
			o    50%  acceleration of vesting of any then-unvested shares subject to then-outstanding time-based equity awards.
		

		
			 
		

		 

			

					

						 

					

						 

					

						 

					

					

						 

					

					

						 

					

					

						 

				
	

					

						Talend Inc. 

					

						800 Bridge Parkway, Suite 200

					

						Redwood City, CA, 94065, U.S.A.

					

					

						 

					

					

						 www.talend .comtlnd_Ex10_23

		
			Exhibit 10.23
		

		
			 
		

		
			
		

		
			December 18, 2019
		

		
			 
		

		
			Dear Ann-Christel:
		

		
			 
		

		
			Congratulations & welcome to the team! We are pleased to offer you the following position with Talend, Inc. (the "Company").  Here are the details of our offer.
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						Job Title:

					
					
						 

					
					
						Chief Revenue Officer

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						Manager:

					
					
						 

					
					
						Chief Executive Officer

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						Location:

					
					
						 

					
					
						Office-based in Redwood City, CA, USA

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						Start Date:

					
					
						 

					
					
						January 8, 2020

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						Package:

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						Annual Base Salary:

					
					
						 

					
					
						$  360,000 USD

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						Annual Variable Salary:

					
					
						 

					
					
						$  360,000 USD

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						On-Target Earnings:

					
					
						 

					
					
						$  720,000 USD

				

		
			 
		

		
			Your salary will be paid semi-monthly in accordance with the Company’s normal payroll procedures. You will also be eligible to participate in the Executive Team Bonus Plan at an on-target variable earnings of 100% of base salary to be paid annually. The first year’s on-target variable earnings will be guaranteed and paid quarterly. As an Officer of the company, you will receive Change-In-Control and Severance benefits. The Executive Team Bonus Plan details and the CiC/Severance agreement will be provided to you under separate cover. Your CiC/Severance agreement will provide that, in the event of a Non-COC Qualified Termination (as defined in the CiC/Severance agreement), in addition to any other benefits set forth in the CiC/Severance Agreement, 50% of the then-unvested shares subject to each of your then-outstanding equity awards will immediately vest and, in the case of options and stock appreciation rights, will become exercisable. In the case of equity awards with performance-based vesting, all performance goals and other vesting criteria will be deemed achieved at the greater of actual performance or 100% of target levels.
		

		
			 
		

		
			This is an exempt position for purposes of federal wage hour law.
		

		
			 
		

		
			
		

		
			

		 

			

					

						 

					

						 City, CA, 94065, U.S.A.

					

						 

					

					

						 

					

					

						 

					

					

						 

				
	

					

						Talend Inc. 

					

						800 Bridge Parkway

					

						Redwood City, CA, 94065, U.S.A.

					

					

						 

					

					

						 www.talend .com       

					

					

						 

				

		

			 

		

		

			2

		

		

		
			We will recommend to the Board of Directors that, at the first Board meeting following the date on which you become an employee eligible to receive Restricted Stock Units (RSUs), you be granted $3,300,000 USD of value in the form of time-based RSUs, (with each RSU representing one ordinary share of Talend S.A.), subject to customary capital adjustments as may be implemented by the Company from time to time. The actual number of RSUs granted will be determined at the time of grant and will represent the value offered.
		

		
			 
		

		
			The RSUs will vest over a four-year period in accordance with the vesting terms that will be set forth in your notice of grant, which will be determined by applicable legal requirements and will be subject to your continued status as an employee with the Company on the relevant vesting dates. In all other respects, the RSUs shall be subject to the terms, definitions, and provisions of the current Free Share Plan as approved by the Board and the notice of grant to be entered into by and between you and the Company.
		

		
			 
		

		
			As a full-time employee, you will be eligible to receive certain employee benefits with Talend starting your first day of employment including medical, dental and vision insurance, paid time off, life insurance, short- and long-term disability insurance, Flexible Spending Account. You will also be eligible to make contributions to a matching 401(k) retirement savings account on 1st of the month, following 60 days of employment.  Additionally, you will receive a monthly mobile allowance of $150 USD.
		

		
			 
		

		
			We are excited to have you join us and are confident that we’ve both made a great decision, but we want to remind you that in the U.S., 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 prior notice. This at-will employment provision may not be modified or amended except by a written agreement signed by the Company Chief Executive Officer and you.
		

		
			 
		

		
			This offer is contingent upon your successful completion of a background investigation and reference checks, in compliance with applicable law.
		

		
			 
		

		
			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.
		

		
			 
		

		
			
		

		
			

		 

			

					

						 

					

						 

					

						 

					

					

						 

					

					

						 

					

					

						 

				
	

					

						Talend Inc. 

					

						800 Bridge Parkway

					

						Redwood City, CA, 94065, U.S.A.

					

					

						 

					

					

						 www.talend .com       

					

					

						 

				

		

			 

		

		

			3

		

		

		
			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’s understanding 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 a Confidential Information and 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.
		

		
			 
		

		
			In the event of any conflict or inconsistency between the terms of this offer letter and any other terms of employment, including any executive bonus plan or CiC/Severance Agreement to which you may now or in the future be subject, the terms of this offer letter will prevail.
		

		
			 
		

		
			To indicate your acceptance of the Company's offer, please sign and date this letter in the space provided below. 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, oral or implied. You acknowledge that neither the Company nor its agents have made any promise, representation or warranty whatsoever, either express or implied, written or oral, which is not contained in this Agreement for the purpose of inducing you to execute the Agreement, and you acknowledge that you have executed this Agreement in reliance only upon such promises, representations and warranties as are contained herein. We would appreciate that this offer be signed and returned by Friday, December 20, 2019.
		

		
			 
		

		
			We look forward to your favorable reply and to working with you at Talend.
		

		
			 
		

		
			
		

		
			

		 

			

					

						 

					

						 

					

						 

					

					

						 

					

					

						 

					

					

						 

				
	

					

						Talend Inc. 

					

						800 Bridge Parkway

					

						Redwood City, CA, 94065, U.S.A.

					

					

						 

					

					

						 www.talend .com       

					

					

						 

				

		

			 

		

		

			4

		

		

		
			 
		

			
					
						 

					
					
						 

				
	
					
						Sincerely,

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						/s/ Michelle Sitzman

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						Michelle Sitzman

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						VP, People

					
					
						 

				

		
			 
		

		
			 
		

		
			 
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						Agreed to and accepted:

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						Signature:

					
					
						/s/ Ann-Christel Graham

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						Printed Name:

					
					
						Ann-Christel Graham

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						Date:

					
					
						Dec. 18, 2019

					
					
						 

				

		
			 
		

		
			 
		

		 

			

					

						 

					

						 

					

						 

					

					

						 

					

					

						 

					

					

						 

				
	

					

						Talend Inc. 

					

						800 Bridge Parkway

					

						Redwood City, CA, 94065, U.S.A.

					

					

						 

					

					

						 www.talend .com

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