Document:

Offer letter dated August 30, 2011 and executed on September 2, 2011

 Exhibit 10.01 
 August 30, 2011 
 Devin Wenig 
 27 North Moore Street, #4F 
 New York, NY 10013 

Dear Devin: 
 eBay Inc. (the
“Company” or “eBay”) is pleased to offer you, subject to approval by the Compensation Committee of the Board of Directors of eBay (the “Compensation Committee”), the exempt position of President, Marketplaces at a
bi-weekly salary of $28,846.16, which is equivalent to an annualized salary of $750,000.16. In addition, the Company may award you discretionary bonuses from time to time. 
 It will be recommended to the Compensation Committee that you be granted a stock option to purchase shares of eBay’s common stock, restricted stock units (“RSUs”), and performance based
restricted stock units (“PBRSUs”) as described in the following paragraphs. The grants are described below as a dollar value. For RSUs, the number of shares to be granted will be determined by dividing the dollar value by the average of
the closing prices of eBay common stock as reported on the NASDAQ Global Select Market for the period of 10 consecutive trading days ending on (and including) the last trading day prior to your start date (the “Average eBay Closing
Price”), and rounding down to the nearest whole number of shares of eBay common stock. For PBRSUs, the number of shares subject to the target award will be determined by dividing the dollar value by the Average eBay Closing Price, and rounding
down to the nearest whole number of shares of eBay common stock. For options, the number of shares of eBay’s common stock subject to the option will be determined by dividing the dollar value by the Average eBay Closing Price, multiplying the
resultant total by 3, and rounding down to the nearest whole number of shares of eBay common stock. 
 It will be recommended to
the Compensation Committee that you be granted a stock option to purchase eBay’s common stock valued at $2,400,000, subject to the terms and conditions of the Company’s current stock plans (the “Plans”) as well as the terms and
conditions of the stock option agreement (which will be provided to you as soon as practicable after the grant date). The grant will be split in two equal tranches, with the first grant to be issued and priced effective the second Friday of the
month following the month in which you commence employment, and the second grant to be issued and priced effective the second Friday of the month that is 6 months after the date of your first grant. The exercise price for the stock option will be no
less than the fair market value of eBay’s common stock on the applicable date of grant, as determined by the Board of Directors. Generally, the stock option will vest and become exercisable (assuming your continued employment with an eBay
company on each vesting date) over four years at the rate of 25% of the shares subject to the option one year after the commencement of your employment and, at the end of each month thereafter, with respect to an additional 1/48 of the shares
subject to the option. 

 It will also be recommended to the Compensation Committee that you be granted an award of
RSUs valued at $1,800,000 to be granted under the Plans, as well as the terms and conditions of the RSU agreement (which will be provided to you as soon as practicable after the grant date). The award of RSUs will vest and become non-forfeitable
(assuming your continued employment with an eBay company on each vesting date) over four years at the rate of 25% a year on each anniversary of the date of grant, subject to necessary withholding for applicable taxes. 

It will also be recommended to the Compensation Committee that you be granted a target award of PBRSUs valued at $1,800,000 to be granted
under the Plans as well as the terms and conditions of the applicable agreement (which will be provided to you as soon as practicable after the grant date). Subject to Compensation Committee approval of the terms of the target award, the PBRSUs will
cover performance over the period January 1, 2011 through December 31, 2012. The target award will be applied only to this performance period. The actual amount of the award will be determined based on Company performance and will be
subject to the terms and conditions of the performance plan approved by the Compensation Committee. PBRSUs earned based on Company performance for the two year period will be granted in early 2013 and will vest and become non-forfeitable (assuming
your continued employment with an eBay company on each vesting date) as follows: 50% of the shares subject to the award on or about March 1, 2013 (the “Initial Vest Date”) and the remaining 50% of the shares on the first anniversary
of the Initial Vest Date, subject to necessary withholding for applicable taxes. Your PBRSU award is subject to approval by the Compensation Committee and the terms of the Company’s PBRSU program. 

Additionally, it will be recommended to the Compensation Committee that you be granted an additional award of RSUs valued at $6,000,000
to be granted under the Plans, as well as the terms and conditions of the RSU agreement (which will be provided to you as soon as practicable after the grant date). The additional award of RSUs will vest and become non-forfeitable (assuming your
continued employment with an eBay company on each vesting date) over four years at the rate of 25% a year on each anniversary of the date of grant, subject to necessary withholding for applicable taxes. 

Enclosed is an Insider Trading Agreement, which outlines the procedures and guidelines governing securities trades by company personnel.
Please review the Agreement carefully, execute the certification and return it to me. 
 You will be eligible to participate in
the eBay Incentive Plan (eIP) available to employees in positions comparable to yours. Payouts under the plan for Presidents are based on individual achievements as well as Company performance and are paid on an annual cycle. Your target bonus for
eIP is 100% of your base salary. To be eligible to receive any eIP bonus, you must be employed for a full calendar quarter in the applicable year and you must be actively employed on the date the bonus is paid. The payment of any bonus is at the
Company’s sole and absolute discretion and subject to the terms and conditions of the eIP. The Company reserves the right to amend, change or cancel the plan at its sole discretion. 

You will be entitled to the benefits that eBay customarily makes available to employees in positions comparable to yours. 

The Company will provide you with a temporary housing assistance payment of up to $10,000 a month (less deductions and applicable taxes).
We will reimburse you for the cost of transportation, including air travel (business class) and reasonable related travel expenses for you or your family every two weeks, through the earlier of September 2012 or when your family relocates to the Bay
area. The Company will provide a tax gross-up for the reimbursement of transportation assistance to the extent applicable. 

  
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 eBay will assist with expenses incurred for your relocation from New York to the San Jose
area, under the terms of eBay’s relocation assistance program for employees in positions comparable to yours. In the event that your employment ceases for reasons of cause or resignation prior to completion of one year of service from your
start date, the relocation expenses covered up to your termination date is fully refundable to eBay. If your employment ceases for reasons of cause or resignation after one year but prior to three years from your start date, your repayment
obligation will be reduced by 1/36th for every full month of active employment. No repayment of these relocation expenses would be required upon termination after three years of employment. The attached Repayment Requirement agreement covers these
relocation expenses. 
 You will also be eligible to receive a home purchase payment of $1,000,000 (less
deductions and applicable taxes) to assist you with expenses related to your move to the San Jose area, including the purchase of a home. This housing purchase payment will be payable as soon as administratively possible following your notice
to the Company that you are prepared to purchase a home in the Bay Area, but not later than the first pay period of March 2012. In the event that your employment ceases for reasons of cause or resignation prior to completion of one year of service
from your start date, the $1,000,000 home purchase payment is fully refundable to the Company. If your employment ceases for reasons of cause or resignation after one year but prior to the third anniversary from your start date, your repayment
obligation will be reduced by 1/36th for every full month
of active employment. No repayment would be required for termination after three years of employment with the Company. The attached Repayment Requirement agreement also covers this home purchase payment. 

Under federal immigration laws, the Company is required to verify each new employee’s identity and legal authority to work in the
United States. Accordingly, please be prepared to furnish appropriate documents satisfying those requirements; this offer of employment is conditioned on submission of satisfactory documentation. Enclosed is a list of the required documents.

 Your employment at the Company is “at-will” and either you or the Company may terminate your employment at any
time, with or without cause or advance notice. The at-will nature of the employment relationship can only be changed by written agreement signed by eBay’s SVP of Human Resources. Other terms, conditions, job responsibilities, compensation and
benefits may be adjusted by the Company from time to time in its sole discretion. 
 Although your employment at the Company
remains “at-will” as set forth above, if your employment is involuntarily terminated by the Company other than for “Cause” prior to the second anniversary from your start date then, subject to you executing and not revoking the
Company’s standard form of release within 60 days after the date of your termination of employment, the Company shall provide you with a lump sum severance payment, payable not later than 10 days after you execute the release, in an amount
calculated as follows: the severance payment shall be equal to two times the sum of (a) your annual base salary as in effect immediately prior to your termination date and (b) your Bonus Replacement Amount (as defined). For purposes of
calculating your severance payment, your “Bonus Replacement Amount” will be equal to 100% of your base salary as in effect immediately prior to your termination date. For purposes of this paragraph, “Cause” shall mean your
failure to substantially perform your assigned duties, other than failure resulting from your death or complete incapacity due to physical or mental illness or impairment, which is not remedied within 30 days after receipt of written notice from the
Company specifying such failure; (ii) your commission of any felony (or any other crime having a material adverse effect on the Company); or (iii) your commission of an act of fraud, embezzlement, misappropriation, willful misconduct, or
breach of fiduciary duty against the Company. 

  
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 All of us at eBay are very excited about you joining our team and look forward to a
beneficial and fruitful relationship. However, should any dispute arise with respect to your employment or the termination of that employment, we both agree that such dispute shall be conclusively resolved by final, binding and confidential
arbitration rather than by a jury court or administrative agency. The Company will bear those expenses unique to arbitration. Please review the enclosed Mutual Arbitration Agreement carefully. 

As a condition of your employment, you must complete both the Mutual Arbitration Agreement and the enclosed Employee Proprietary
Information and Inventions Agreement prior to commencing employment. In part, the Employee Proprietary Information and Inventions Agreement requires that a departing employee refrain from unauthorized use or disclosure of the Company’s
confidential information (as defined in that Agreement). This Agreement does not prevent a former employee from using know-how and expertise in any new field or position. If you should have any questions about the Employee Proprietary Information
and Inventions Agreement, please call me. Otherwise, please sign and date this document and return it to me in the enclosed envelope. 
 This letter, the Mutual Arbitration Agreement, and the Employee Proprietary Information and Inventions Agreement contain the entire agreement with respect to your employment. Should you have any questions
with regard to any of the items indicated above, please call me. Kindly indicate your consent to this agreement by signing copies of this letter, the Mutual Arbitration Agreement, and the Employee Proprietary Information and Inventions Agreement and
returning them to me, along with the Insider Trading Agreement certification. 
 This offer is contingent upon your background
verification. Upon your signature below, this will become our binding agreement with respect to your employment and its terms merging and superseding in their entirety all other or prior offers, agreements and communications, whether written or
oral, by you and the Company as to the specific subjects of this letter. 
 Devin, I know I speak for all those who have had the
opportunity to meet you when I say that we are delighted at the prospect of you joining us and are confident you will have a tremendous impact on the business. 
 Very truly yours, 

	
	
	 /s/ Beth Axelrod

	Beth Axelrod
	Senior Vice President, Human Resources
	eBay Inc.
	
	ACCEPTED:
	 /s/ Devin Wenig

	Devin Wenig
	
	September 2, 2011
	Date

 Anticipated Start Date: October 1,
2011                                        
     

  
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 Repayment Requirement Agreement 

In the event that your employment ceases for reasons of cause or resignation prior to completion of one year of service from your start
date, the $1,000,000 home purchase payment is fully refundable to the Company. If your employment ceases for reasons of cause or resignation after one year but prior to the third anniversary from your start date, your repayment obligation will be
reduced by 1/36th for every full month of active employment. No repayment would be required for termination after three years of employment with the Company. 
 In the event that your employment ceases for reasons of cause or resignation prior to completion of one year of service from your start date, the relocation expenses covered up to your termination date is
fully refundable to eBay. If your employment ceases for reasons of cause or resignation after one year but prior to three years from your start date, your repayment obligation will be reduced by 1/36th for every full month of active employment. No
repayment of these relocation expenses would be required upon termination after three years of employment. 
 For purposes of
this Repayment Requirement Agreement, “cause” shall mean your failure to substantially perform your assigned duties, other than failure resulting from your death or complete incapacity due to physical or mental illness or impairment, which
is not remedied within 30 days after receipt of written notice from the Company specifying such failure; (ii) your commission of any felony (or any other crime having a material adverse effect on the Company); or (iii) your commission of
an act of fraud, embezzlement, misappropriation, willful misconduct, or breach of fiduciary duty against the Company. 
 ACCEPTED: 

	
	
	/s/ Devin Wenig
	Devin Wenig
	
	September 2, 2011
	Date

  
 5Separation Agreement, dated September 6, 2011

 Exhibit 10.1 
 September 6, 2011 
 Arthur S. Locke 
 Dear Art: 
 This letter sets forth our agreement (this
“Agreement”) regarding your separation from Websense, Inc. (the “Company”). 
 1.
Separation. The Company agrees to accept your resignation from all positions you hold or have held as an officer or employee of the Company, and as a director of any of the Company’s subsidiaries, effective as September 7, 2011 (the
“Separation Date”), which will be your last day of employment with the Company. 
 2. Accrued Salary and
Vacation. On or promptly after the Separation Date, the Company shall pay you all accrued salary, and all accrued and unused vacation (“Vacation”), earned through the Separation Date, subject to standard payroll deductions and
withholdings. You are entitled to these payments by law. 
 3. Severance. If you timely sign, date and return this fully
signed Agreement to the Company, and allow it to become effective, the Company will: 
 (a) Pay you within thirty
(30) days of the Effective Date a one-time severance payment in the amount of $270,000, which is equal to 9 months of your base pay in effect as of the Separation Date. This payment will be subject to applicable deductions and withholdings;

 (b) Pay you within ten (10) days of the Effective Date a one-time severance payment in the amount of $180,000,
which is equal to your current annual target bonus. This payment will be subject to applicable deductions and withholdings; and 

(c) In the event the Company enters into a definitive agreement on or prior to March 31, 2012, pursuant to which the Company
would effect a Change in Control (as defined in the Officer Change in Control Severance Benefit Plan adopted by the Company on July 17, 2008) and the Company actually consummates the Change in Control contemplated thereby, pay you within ten
(10) days of the consummation of such Change in Control transaction a one-time severance payment equal to the Fair Market Value of your 85,938 unvested restricted stock units that will terminate on the Separation Date. For purposes of this
Agreement, the “Fair Market Value” shall be equal to the number of such unvested restricted stock units multiplied by the closing price of the Company’s common stock, as reported on The NASDAQ Global Select Market (or
comparable securities exchange) on the trading day immediately prior to the date of closing such Change in Control transaction (or, if the Company’s common stock is not publicly traded at such time, the fair market value of one share of the
Company’s common stock reasonably determined by the Company’s Board of Directors). This payment will be subject to applicable deductions and withholdings 
 4. Health Insurance. To the extent provided by the federal COBRA law or, if applicable, state insurance laws, and by the Company’s current group health insurance policies, you will be eligible
to continue your group health insurance benefits at the end of your 

 
employment with the Company, at the Company’s expense for up to three (3) months immediately following the Separation Date, and thereafter at your own expense. Your coverage under
Company-sponsored life, accidental death & disability, and long term disability insurance policies will cease upon the Separation Date; however, you may be provided with information from the insurance carrier regarding your opportunity to
convert these policies to individual plans. 
 5. Stock Awards. Your unvested Company restricted stock units will
terminate as of the Separation Date. 
 6. Other Compensation or Benefits. You acknowledge that, except as expressly
provided in this Agreement, you will not receive any additional compensation, severance or benefits after the Separation Date. 

7. Expense Reimbursement. You agree that, no later than fifteen (15) days following the Separation Date, you will submit your
final documented expense employee reimbursement statement reflecting all business expenses you incurred through the Separation Date, if any, for which you seek reimbursement. The Company will reimburse you for these expenses pursuant to its regular
business practice. 
 8. Return of Company Property. You hereby represent that at the end of your employment with the
Company, you will return to the Company all Company documents (and all copies thereof) and other Company property in your possession or control, including, but not limited to, Company files, correspondence, memoranda, notes, notebooks, drawings,
books and records, plans, forecasts, reports, proposals, studies, agreements, financial information, personnel information, sales and marketing information, research and development information, systems information, specifications, computer-recorded
information, tangible property and equipment, credit cards, entry cards, identification badges and keys; and any materials of any kind that contain or embody any proprietary or confidential information of the Company (and all reproductions thereof
in whole or in part) (“Company Property”). You also represent that you will perform a good faith search to ensure that you are no longer in possession or control of any Company Property. 

9. Proprietary Information Obligations. You hereby acknowledge your continuing obligation to comply with the PIIA (attached hereto
as Exhibit 1), both before and after the Separation Date. 
 10. Nondisparagement. You agree not to disparage the Company
and its officers and directors in any manner likely to be harmful to them or their business, business reputation or personal reputation. The Company agrees to cause its executive officers and directors not to disparage you in any manner likely to be
harmful to you or your business or personal reputation. Notwithstanding the foregoing, both you and the Company may respond accurately and fully to any question, inquiry or request for information when required by legal process. 

11. Release. In exchange for (a) the consideration provided to you by this Agreement that you are not otherwise entitled to
receive, and (b) the Company hereby agreeing to generally and completely release you from any and all claims, liabilities and obligations, both known and 

  
 2 

 
unknown, that arise out of or are in any way related to events, acts, conduct, or omissions occurring prior to your signing this Agreement (“Actions”), except for any Actions
that constitute a breach of your fiduciary obligations to the Company for which you would not be entitled to indemnification if you were to have remained an officer of the Company, you hereby generally and completely release the Company and its
directors, officers, employees, stockholders, members, partners, agents, attorneys, predecessors, successors, parent and subsidiary entities, insurers, affiliates, and assigns from any and all claims, liabilities and obligations, both known and
unknown, that arise out of or are in any way related to events, acts, conduct, or omissions occurring prior to your signing this Agreement. This general release includes, but is not limited to: (1) all claims arising out of or in any way
related to your employment with the Company or the termination of that employment; (2) all claims related to your compensation or benefits from the Company, including, but not limited to, salary, bonuses, commissions, vacation pay, expense
reimbursements, severance pay, fringe benefits, stock, stock options, or any other ownership interests in the Company; (3) all claims for breach of contract, wrongful termination, and breach of the implied covenant of good faith and fair
dealing; (4) all tort claims, including, but not limited to, claims for fraud, defamation, emotional distress, and discharge in violation of public policy; and (5) all federal, state, and local statutory claims, including, but not limited
to, claims for discrimination, harassment, retaliation, attorneys’ fees, or other claims arising under the federal Civil Rights Act of 1964 (as amended), the federal Americans with Disabilities Act of 1990, the federal Age Discrimination in
Employment Act of 1967 (as amended) (“ADEA”), the Employee Retirement Income Security Act, the California Labor Code, and the California Fair Employment and Housing Act (as amended). Notwithstanding the foregoing, this release set
forth in this Section 11 shall in no way act as any waiver of your rights to be indemnified by the Company as an officer of the Company or pursuant to your Indemnification Agreement with the Company, and you are in no way waiving any rights
contemplated by this Agreement. 
 12. ADEA Waiver. You acknowledge that you are knowingly and voluntarily waiving and
releasing any rights you may have under ADEA, and that the consideration given for the waiver and release in the preceding Section is in addition to anything of value to which you were already entitled. You further acknowledge that you have been
advised by this writing that: (a) your waiver and release do not apply to any rights or claims that may arise after the execution date of this Agreement; (b) you should consult with an attorney prior to executing this Agreement;
(c) you have twenty-one (21) days to consider this Agreement (although you may choose to voluntarily execute this Agreement earlier); (d) you have seven (7) days following the execution of this Agreement by the parties to revoke
the Agreement; and (e) this Agreement will not be effective until the date upon which the revocation period has expired without revocation being exercised (the “Effective Date”). You will not receive any of the payments
or benefits set forth in this Agreement unless and until the Agreement becomes effective. 
 13. 1542 Waiver. In granting
the release herein, you hereby acknowledge that you have read and understand Section 1542 of the California Civil Code: “A general release does not extend to claims which the creditor does not know or suspect to exist in his favor at
the time of executing the release, which if known by him must have materially affected his settlement with the debtor.” You hereby expressly waive and relinquish all rights and benefits under that section and any law of any jurisdiction of
similar effect with respect to your release of claims hereby. 

  
 3 

 14. Arbitration. To ensure rapid and economical resolution of any disputes which may
arise under this Agreement, you and the Company agree that any and all disputes or controversies of any nature whatsoever (with the sole exception of disputes relating to Paragraph 9 of this Agreement), arising from or regarding the interpretation,
performance, enforcement or breach of this Agreement shall be resolved by confidential, final and binding arbitration (rather than trial by jury or court or resolution in some other forum) conducted by Judicial Arbitration and Mediation Services,
Inc. (“JAMS”) in San Diego, California, under the then-existing JAMS rules. The prevailing party in such arbitration proceedings shall be entitled to recover from the other party reasonable attorneys’ fees and other recoverable
costs incurred in connection with such arbitration proceeding unless prohibited by law. Nothing in this Agreement shall prevent either party from seeking to obtain injunctive relief in court to preserve the status quo or prevent irreparable harm
pending the conclusion of any such arbitration. Notwithstanding the foregoing, you and the Company each have the right to resolve any issue or dispute involving confidential, proprietary or trade secret information, or intellectual property rights,
by Court action instead of arbitration. 
 15. Miscellaneous. This Agreement, including Exhibit 1, constitutes the
complete, final and exclusive embodiment of the entire agreement between you and the Company with regard to this subject matter. It is entered into without reliance on any promise or representation, written or oral, other than those expressly
contained herein, and it supersedes any other such promises, warranties or representations. This Agreement may not be modified or amended except in a writing signed by both you and a duly authorized officer of the Company. This Agreement will bind
the heirs, personal representatives, successors and assigns of both you and the Company, and inure to the benefit of both you and the Company, their heirs, successors and assigns. The failure to enforce any breach of this Agreement shall not be
deemed to be a waiver of any other or subsequent breach. For purposes of construing this Agreement, any ambiguities shall not be construed against either party as the drafter. If any provision of this Agreement is determined to be invalid or
unenforceable, in whole or in part, this determination will not affect any other provision of this Agreement and the provision in question will be modified so as to be rendered enforceable in a manner consistent with the intent of the parties
insofar as possible. This Agreement will be deemed to have been entered into and will be construed and enforced in accordance with the laws of the State of California as applied to contracts made and to be performed entirely within California. This
Agreement may be executed in counterparts or with facsimile signatures, which shall be deemed equivalent to originals. 

  
 4 

 If this Agreement is acceptable to you, please sign below and return one original to me. 

Sincerely, 
 WEBSENSE,
INC. 
  

			
	 By:
	 	 /s/ Michael A. Newman

		 	     Michael A. Newman

		 	     Chief Administrative Officer

  

	
	AGREED AND ACCEPTED:
	
	 /s/ Arthur S. Locke

	 Arthur S. Locke

  
 5

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