Document:

Employment Agreement dated 01/23/2003

 
EXHIBIT 10.58

 
E*TRADE GROUP, INC. 
 
January 23, 2003 
 
Mitchell H. Caplan 
c/o E*TRADE Group, Inc. 
4500 Bohannon Drive 
Menlo Park, CA 94025 
 
Dear Mitch, 
 
Congratulations on your promotion
as President and Chief Executive Officer of E*TRADE Group, Inc. (the “Company”)! 
 
In connection with your promotion, the Company is pleased to enter into a new employment arrangement with you. As part of that arrangement, your base salary will remain at the current level, unless and
until such time that the Board of Directors modifies such amount. In addition, if another person becomes the Chief Executive Officer of the Company, you will become entitled to receive a cash payment equal to the greater of (a) 12 months of base
salary and (b) the product of your monthly base salary multiplied by the excess of (i) 24 months over (ii) the number of complete months that have elapsed since the date hereof. The complete terms and conditions of your arrangement
will be documented in a manner that is mutually satisfactory to you and to the Company and, in no case, will this letter prejudice any rights that you have under your current employment agreement, as amended through the date hereof. 
 
We are looking forward to the significant contribution you will make to the
continued success of E*TRADE. 
 
Sincerely, 
 

	 E*TRADE GROUP, INC.
	 	 	 	 
	
	 /s/    GEORGE
HAYTER

	 	 	 	 	 	 
	 By:
	 	 George Hayter
	 	 	 	 	 	 
	 	 	 Lead Director
	 	 	 	 
	
	 	 	 	 	 ACCEPTED:    
	 	 /s/    MITCHELL H.
CAPLANForm of Employment Agreement

 
EXHIBIT 10.59

 
AMENDMENT TO EMPLOYMENT AGREEMENT

 
This Amendment to Employment Agreement (the
“Amendment”) is made effective this 21st day of January, 2003 (the “Effective Date”), by and
between E*TRADE Group, Inc., a Delaware corporation (“Company”), and [Name of Officer] (“Executive”). 
 
A.    The Company and Executive are parties to an employment agreement dated May 1, 2002 (the “Employment
Agreement”). 
 
B.    Paragraph 3(d) of the Employment Agreement provides that, in the event of a Change in Control of the Company (as defined in the Employment Agreement), all outstanding grants of stock options and/or
restricted stock shall become immediately vested. 
 
C.    The Company and Executive have agreed that this provision of the Employment Agreement is no longer in the interest of either of the parties. Therefore, in exchange for good and valuable consideration, the
sufficiency of which is acknowledged by each of the parties, the Employment Agreement is hereby amended to delete Paragraph 3(d) in its entirety. 
 
D.    Except as specifically provided above, all other terms and conditions of the Employment Agreement shall remain
in full force and effect. 
 
IN WITNESS WHEREOF,
the undersigned have executed this Agreement as of the day and year first above written. 
 

	 E*TRADE GROUP, INC.

	
	 /s/    GEORGE
HAYTER

	 By:
	 	 George Hayter
 Lead Director

	
	 EXECUTIVE

	
	 /s/Amendment to Lease Agreement dated August 24, 1998

 
EXHIBIT
10.8.1 
 
THIRD AMENDMENT TO LEASE

 
THIS THIRD AMENDMENT TO LEASE (this
“Amendment”) is executed as of December 12, 2002, between SAN CARLOS CO-TENANCY, a tenancy in common (“Landlord”), and NATUS MEDICAL, INC., a Delaware corporation (“Tenant”). 
 
Recitals 
 
A.    Pursuant to the terms of the written
Lease Agreement between Tenant, as tenant, and Landlord, as landlord, dated August 24, 1998 (the “Original Lease”), as amended by that certain Lease Termination Agreement (the “Termination Agreement”) dated January 28, 1999
(which terminated the Lease as to a 3,825 square foot portion of the Premises), as amended by that certain First Amendment to Lease dated September 23, 1999 (the “First Amendment”), and as further amended by that certain Second Amendment
to Lease dated May 1, 2002 (the “Second Amendment”), Tenant leases from Landlord those certain Premises containing approximately 30,369 rentable square feet of space in portions of the Buildings (as defined in the Original Lease). The
Premises are located at the following addresses: 1501, 1541, 1547, 1549, and 1555 Industrial Road, San Carlos, California. The Original Lease as amended by the Termination Agreement, the First Amendment and the Second Amendment is herein referred to
as the “Existing Lease.” As amended by this Amendment, the Existing Lease is herein referred to as the “Lease.” Capitalized terms not otherwise defined in this Amendment shall have the meanings given them in the Existing Lease.

 
B.    The Term of the
Existing Lease is scheduled to expire on December 31, 2003 (the “Existing Expiration Date”). 
 
C.    Landlord and Tenant desire to amend the Existing Lease to (i) extend the Term of the Existing Lease with respect
to only a portion of the Premises identified as the Renewal Premises (as hereinafter defined), (ii) modify the existing Base Rent (for only the Renewal Premises) for a portion of the Term remaining prior to the Existing Expiration Date, (iii)
establish the Base Rent for the Extended Term (as hereinafter defined), (iv) provide Tenant an option to renew the Term of the Lease in accordance with the provisions contained herein, (v) provide Tenant a right of first offer for a particular space
in the Project, and (vi) for other purposes, all as set forth below. As herein defined, the term “Renewal Premises” means that portion of the original Premises containing approximately 26,299 square feet of space located at the following
addresses: 1501, 1541, 1547 and 1549 Industrial Road, San Carlos, California. The Renewal Premises does not include approximately 4,070 square feet of space located at 1555 Industrial Road, San Carlos, California (identified in the Second Amendment
as the “Additional Premises”). The Renewal Premises are identified on Exhibit A attached hereto and made a part hereof. 
 
D.    Except as otherwise expressly provided herein to the contrary, all capitalized terms used in this Amendment
shall have the same meanings given such terms in the Existing Lease. 
 
NOW, THEREFORE, in consideration of the foregoing recitals and the mutual covenants contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties
hereto agree as that the Lease is amended as follows: 
 
1.    Extended Term.    The Term of the Existing Lease for the Renewal Premises is hereby extended by two (2) years to expire on December 31, 2005 (the “New Expiration Date”),
subject to Tenant’s option to extend the Term of the Lease for a period of five (5) years in accordance with the provisions set forth in Paragraph 3 below. 
 
2.    Monthly Base Rent.    Base Rent for the period of
January 1, 2003 through the Existing Expiration Date is hereby amended for only the Renewal Premises in accordance with the following schedule. In addition, Tenant shall pay Base Rent during the Extended Term in accordance with the following
schedule. Commencing on January 1, 2003 and continuing through the remainder of the Term (as extended through the New Expiration Date) Tenant shall pay to Landlord the following monthly Base Rent for the Renewal Premises: 
 

	

	 January 1, 2003 – December 31, 2003:
	  	 $26,299.00 per month ($1.00/s.f./mo.)

	

	 January 1, 2004 – December 31, 2004:
	  	 $32,873.75 per month ($1.25/s.f./mo.)

	

	 January 1, 2005 – December 31, 2005:
	  	 $39,488.50 per month ($1.50/s.f./mo.)

	

 

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In addition to
the Base Rent payable by Tenant for the Renewal Premises (as modified above) for the period of January 1, 2003 through December 31, 2005, Tenant shall continue to pay Base Rent for the Additional Premises at the rate contained in the Existing Lease,
which for the period from January 1, 2003 through December 31, 2003 is as follows: 
 

	

	 January 1, 2003 – December 31, 2003:
	  	 $6,105.00 per month ($1.50/s.f./mo.)

	

 
Tenant
shall continue to pay Operating Costs and Taxes, and any other applicable costs and expenses, during the Term of the Lease (including the Extended Term) in accordance with the provisions of the Existing Lease. 
 
3.    Option to Extend the Term of the
Lease.    The Extension Option contained in Section 37 of the Original Lease is hereby deleted and replaced with the following: 
 
“Subject to the provisions hereinafter set forth, Landlord hereby grants to Tenant one (1) option to extend the Term
of this Lease (this “Extension Option”) for a period of five (5) years on the same terms, conditions and provisions as contained in this Lease, modified as provided herein, except that Tenant shall have no additional option to extend the
Term of the Lease beyond the one (1) Extension Option herein contained. If Tenant effectively exercises this Extension Option in accordance with the provisions contained below, the extension period (the “Extension Option Term”) shall
commence on January 1, 2006 and shall expire on December 31, 2010. 
 
(a)    The Extension Option must be exercised, if at all, by written notice from Tenant to Landlord, given not more than 12 months and not less than 9 months prior to the New
Expiration Date, time being of the essence. Notwithstanding the foregoing, at Landlord’s election, this Extension Option shall be null and void and Tenant shall have no right to renew this Lease if (i) as of the New Expiration Date Tenant is
not in occupancy of the entire Premises then demised hereunder or Tenant does not intend to continue to occupy the Premises (but intends to assign this Lease or sublet the space in whole or in part), or (ii) on the date Tenant exercises the
Extension Option or on the New Expiration Date, Tenant is either (x) in default under any of Tenant’s monetary obligations under the Lease beyond any applicable grace or notice period, or (y) in material default under any of Tenant’s
non-monetary obligations under the Lease beyond any applicable grace or notice period. If Tenant fails to timely give notice of its exercise of the Extension Option, the Extension Option shall thereupon terminate and become void without any
requirement of notice from Landlord to Tenant. 
 
(b)    If Tenant effectively exercises this Extension Option, then during the Extension Option Term all of the terms and conditions set forth in this Lease as applicable to the Premises during the previously
existing Term shall apply, except that (i) Tenant shall have no further right to extend the Term of this Lease, (ii) Tenant shall take the Premises in their then existing “as-is” state and condition, and (iii) the Base Rent payable by
Tenant for the Premises shall be established as provided below. The Base Rent payable during the Extension Option Term shall be equal to ninety-five percent (95%) of the “Fair Market Rental Value” of the Premises (as hereinafter defined),
but in no event shall the Base Rent be less than the Base Rent payable for the Premises immediately prior to the commencement of the Extension Option Term. 
 
(c)    “Fair Market Rental Value” shall be determined as of the date that is six (6) months
prior to the commencement of the Extension Option Term, and shall include the periodic rental increases, if any, that would be included for space leased for the period of the Extension Option Term, and shall mean the rental rate as of said date for
comparable space under primary lease (and not sublease) to renewal tenants in other buildings similar to the Buildings located in the general vicinity of the Premises, taking into consideration (1) the creditworthiness of such other tenant or
tenants, (2) the size, configuration and location of the leased premises (including rights to expand or contract), (3) the presence or absence of parking, (4) the term of the letting (including options to extend or shorten the term), and (5) the
condition of the leased premises. 
 

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(d)    Landlord shall, in response to and within thirty (30) days of Landlord’s receipt of Tenant’s notice exercising the Extension Option, give Tenant written notice of the Fair Market Rental Value, as
reasonably determined in good faith by Landlord. Not later than fifteen (15) days after Landlord’s notice to Tenant of Landlord’s determination of the Fair Market Rental Value, Tenant shall timely notify Landlord of whether Tenant accepts
or rejects Landlord’s determination of the Fair Market Rental Value. If Tenant does not accept (or Tenant rejects) Landlord’s determination, then Tenant shall give Landlord written notice of Tenant’s then opinion of Fair Market Rental
Value. If, within fifteen (15) days after Tenant receives Landlord’s written determination of Fair Market Rental Value, Tenant fails to give Landlord written notice of Tenant’s opinion of Fair Market Rental Value, then Tenant shall be
deemed to have accepted Landlord’s determination of Fair Market Rental Value, as contained in Landlord’s written notice to Tenant. Upon Landlord’s receipt of Tenant’s opinion of the Fair Market Rental Value, if Tenant’s
written opinion of Fair Market Rental Value is given within the fifteen (15) day period contained above, then Landlord and Tenant shall meet to attempt to agree upon the Fair Market Rental Value. If Landlord and Tenant are unable to agree about Fair
Market Rental Value within twenty (20) days after Landlord’s receipt of Tenant’s opinion of Fair Market Rental Value, then Fair Market Rental Value shall be determined by appraisal as provided below. 
 
(e)    If pursuant to the
foregoing provisions the Fair Market Rental Value is to be determined by appraisal, the following procedures shall be implemented: 
 
(i)    Within fifteen (15) days after the expiration of the twenty (20) day period set forth above
for the mutual agreement of Landlord and Tenant as to the Fair Market Rental Value, Landlord and Tenant shall each, at its cost, engage a real estate appraiser to act on its behalf in determining the Fair Market Rental Value. Each appraiser so
selected shall be certified as an MAI appraiser and shall have had at least 5 years recent experience as a real estate appraiser working in the vicinity of the Premises, with working knowledge of current rental rates and practices for similar type
buildings and projects as contained in, and located at, the Buildings. If a party does not appoint an appraiser within such fifteen (15)-day period but an appraiser is appointed by the other party, the single appraiser appointed shall be the sole
appraiser and shall set the Fair Market Rental Value. If two appraisers are appointed by the parties, each shall promptly appraise the Fair Market Rental Value and they shall thereupon deliver to Landlord and Tenant their respective written
appraisals of Fair Market Rental Value. If the appraisers are in agreement, their appraisals shall establish the Fair Market Rental Value. If they are not in agreement, then the arbitration provisions contained in Subsection (ii) below shall be used
to determine Fair Market Rental Value. 
 
(ii)    If the Fair Market Rental Value is not determined through the foregoing procedure, then the two appraisers shall promptly select a third appraiser (the “Arbitrator”) meeting the qualifications
stated above. Landlord and Tenant shall each bear one-half (1/2) of the Arbitrator’s fee. The Arbitrator shall not be told of the appraisal determinations of the other two appraisers and shall promptly conduct its own appraisal of the Fair
Market Rental Value. When the Arbitrator has made its determination of Fair Market Rental Value, it shall give written notice thereof to the appraisers appointed by Landlord and Tenant. Within five (5) business days following receipt of the
Arbitrator’s determination, the appraisers selected by Landlord and Tenant shall submit their estimates of Fair Market Rental Value to the Arbitrator. The Arbitrator shall select only one (1) of the two (2) determinations of Fair Market Rental
Value submitted to the Arbitrator by the appraisers selected by Landlord and Tenant, and such determination shall be binding upon Landlord and Tenant. The Arbitrator shall not average appraisals or otherwise select any other determination of Fair
Market Rental Value, except one (1) of the two (2) submitted by the appraisers selected by Landlord and Tenant. If Tenant’s determination of Fair Market Rental Value is selected by the Arbitrator, then Landlord shall bear all of the costs and
fees of the Arbitrator. If Landlord’s determination of Fair Market Rental Value is selected by the Arbitrator, then Tenant shall bear all of the costs and fees of the Arbitrator.” 
 

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4.    Right of First Offer.    The Right of First Offer contained in Section 36 of the Original Lease is hereby terminated and replaced with the following Right of First Offer:

 
“36.    RIGHT OF FIRST OFFER. 
 
(a)    Provided that Natus Medical, Inc. has not assigned this Lease or sublet any or all of the Premises other than to an Affiliate (it being intended that all rights pursuant to
this provision are and shall be personal to the original Tenant under this Lease, and any Affiliate of Tenant, and shall not be transferable or exercisable for the benefit of any Transferee, except for an Affiliate), and provided Tenant is either
(x) not in default under any of Tenant’s monetary obligations under the Lease beyond any applicable grace or notice period, or (y) not in material default under any of Tenant’s non-monetary obligations under the Lease beyond any applicable
grace or notice period at the time of the exercise of any such right or at any time thereafter until delivery of possession of the space to Tenant, subject to any and all rights granted by Landlord or asserted by others with respect to such space
(including renewal and extension rights and rights of first offer, first negotiation, first refusal or other expansion rights), and subject to Landlord’s right to extend or renew any then existing lease of the space, Tenant shall have a
one-time right of first offer to lease the following space in the Project: 4,100 square feet at the following address: 1585 Industrial Road, San Carlos, California (the “ROFO Space”). The ROFO space is shown on Exhibit A attached hereto
and made a part hereof. 
 
(b)    Such right of first offer (i) may only be exercised with respect to the ROFO Space if and when the ROFO Space becomes vacant during the Term following expiration or other termination of the previous lease
for the ROFO Space, and (ii) may only be exercised with respect to all of the space being offered by Landlord. If the ROFO Space becomes available, Landlord shall offer to lease such space to Tenant at the same rent and on the same terms that
Landlord intends to offer to other prospective tenants. Tenant shall have seven (7) Business Days following receipt of Landlord’s offer with respect to the ROFO Space within which to notify Landlord in writing of its intention to lease such
space, and such notice, if given by Tenant, shall constitute an acceptance of Landlord’s terms for the lease of such ROFO Space. If Tenant exercises such right of first offer, the ROFO Space shall be leased to Tenant on the same terms and
conditions as are contained in this Lease except for the economic and other terms specifically set forth in Landlord’s notice, and the parties shall execute an amendment to this Lease to include such space in the Premises and otherwise to
provide for the leasing of such ROFO Space on such terms. If Tenant fails so to exercise Tenant’s right of first offer within such seven (7) Business Day period, Landlord may thereafter lease such ROFO Space to other prospective tenants;
provided, however, that if Landlord proposes to lease such space at an effective rent that is less than ninety percent (90%) of the effective rent proposed to Tenant, or upon other terms which are substantially more favorable to the prospective
tenant, Landlord shall first re-offer such ROFO Space to Tenant at such lower rent and/or more favorable terms in accordance with the provisions of this paragraph. 
 
(c)    If Tenant does not lease the ROFO Space from Landlord when it is
first offered to Tenant by Landlord or when it is re-offered to Tenant because the economic terms first offered to Tenant have materially changed, as described in the last sentence of paragraph (b) above, then this right of first offer shall
terminate and Tenant shall have no further rights to lease any of the ROFO Space.” 
 
5.    Broker.    Landlord agrees to pay a commission to CB Richard Ellis (the “Broker”) pursuant to a separate agreement between Landlord and
Broker. Tenant represents and represents to Landlord that in negotiating or making of this Amendment neither Tenant nor anyone acting on Tenant’s behalf has contractually engaged any real estate broker or finder who might be entitled to a fee
or commission for this Amendment. Tenant shall indemnify and hold harmless Landlord against any claim or claims, including expenses and attorneys’ fees incurred by Landlord directly in connection with defending any such claim(s), asserted by
any real estate broker (other than Broker) for a fee or commission based upon any dealings with or statements made by Tenant or Tenant’s Representatives in connection with this transaction. 
 
6.    Full Force and Effect; No Other
Amendment.    Except as amended by this Amendment, the Existing Lease has not been amended or modified; and all of the terms and provisions of the Existing Lease, as modified by this Amendment, remain unmodified and in full
force and effect. Landlord and Tenant hereby ratify the Existing Lease, as amended herein. The Lease contains the entire agreement between Landlord and Tenant regarding the subject matters contained herein, and supercedes all prior of
contemporaneous agreements, understandings, proposals and other representations by or between Landlord and Tenant, whether written or oral, all of which are merged herein. This Amendment shall be binding upon and inure to the benefit of the parties
hereto and their respective successors and assigns. This Amendment is hereby executed and delivered in multiple counterparts, each of which shall have the force and effect of an original. 
 

4 

 
IN WITNESS
WHEREOF, Landlord and Tenant have executed this Amendment as of the day and year first above written. 
 

	

	 LANDLORD:
	 	 	 	 TENANT:

	
	 San Carlos Co-Tenancy, a tenancy in common
	 	 	 	 Natus Medical, Inc., a Delaware corporation

	
	 By:
	 	 /s/    R. BRUCE
MOSBACHER

	 	 	 	 By:
	 	 /s/    TIM C. JOHNSON

	 Name:
	 	 R. Bruce Mosbacher

	 	 	 	 Name:
	 	 Tim C. Johnson

	 Title:
	 	  
  

	 	 	 	 Title:
	 	 President and CEO

	
	 By:
	 	 /s/    JOHN HAMILTON

	 	 	 	 By:
	 	

	 Name:
	 	 John Hamilton

	 	 	 	 Name:
	 	  
  

	 Title:
	 	 Member

	 	 	 	 Title:
	 	

	 	 	 	 	 	 	 	 	 
	

 

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