Document:

exv10w27

 

Exhibit 10.27

DemandTec, Inc. 2007 Equity Incentive Plan:

Notice of Stock Unit Award

You have been granted units representing shares of Common Stock of DemandTec, Inc. (the “Company”)
on the following terms:

	 	 	 
	Name of Recipient:

	 	«Name»
	 
	 	 
	Total Number of Units Granted:

	 	«TotalUnits»
	 
	 	 
	Date of Grant:

	 	«DateGrant»
	 
	 	 
	Vesting Schedule:

	 	The units subject to this award will vest [in full][in
installments] on «VestDate», provided that your “Service” (as defined in the
Plan) has been continuous through that date.

You and the Company agree that these units are granted under and governed by the terms and
conditions of the DemandTec, Inc. 2007 Equity Incentive Plan (the “Plan”) and the Stock Unit
Agreement, both of which are attached to and made a part of this document.

You further agree that the Company may deliver by email all documents relating to the Plan or this
award (including, without limitation, prospectuses required by the Securities and Exchange
Commission) and all other documents that the Company is required to deliver to its security holders
(including, without limitation, annual reports and proxy statements). You also agree that the
Company may deliver these documents by posting them on a website maintained by the Company or by a
third party under contract with the Company. If the Company posts these documents on a website, it
will notify you by email.

You further agree to comply with the Company’s Insider Trading Policy when selling shares of the
Company’s Common Stock.

	 	 	 
	Recipient:

	 	DemandTec, Inc.
	 
	 	 
	 

	 	By:
	 

	 	 
	 
	 	 
	 

	 	Title:
	 

	 	 

 

 

DemandTec, Inc. 2007 Equity Incentive Plan:

Stock Unit Agreement

	 	 	 
	Payment for Units

	 	No payment is required for the units that you are receiving.
	 
	 	 
	Vesting

	 	The units vest in [installments][a single installment], as shown in
the Notice of Stock Unit Award. In addition, the units vest in
full if the Company is subject to a Change in Control (as defined
in the Plan) before your Service terminates, and the Company’s
successor corporation fails to either assume the units or replace
them with equivalent awards that will vest on the basis of your
Service. The Committee (as defined in the Plan) will determine if
the preceding sentence applies.
	 
	 	 
	 

	 	[Add if applicable]: In addition, [ ]% of your remaining unvested
units will immediately vest if:
	 
	 	 
	 

	 	•     The Company is subject to a Change in Control before your
Service terminates, and

	 
	 	 
	 

	 	•      Within 12 months after the Change in Control, either (a)
your Service is terminated by the Company without Cause or (b) you
resign from your Service for Good Reason. (“Cause” and “Good
Reason” are defined below.)

	 
	 	 
	 

	 	No additional units will vest after your Service has terminated for
any reason.
	 
	 	 
	Forfeiture

	 	If your Service terminates for any reason, then your units will be
forfeited to the extent that they have not vested before the
termination date and do not vest as a result of the termination.
This means that any units that have not vested under this Agreement
will immediately be cancelled. You receive no payment for units
that are forfeited.
	 
	 	 
	 

	 	The Company determines when your Service terminates for this
purpose.

 

 

	 	 	 
	Leaves of Absence
and Part-Time Work

	 	For purposes of this award, your Service does not terminate when
you go on a military leave, a sick leave or another bona fide leave
of absence, if the leave was approved by the Company in writing and
if continued crediting of Service is required by applicable law,
the Company’s leave of absence policy or the terms of your leave.
But your Service terminates when the approved leave ends, unless
you immediately return to active work.
	 
	 	 
	 

	 	If you go on a leave of absence, then the vesting schedule
specified in the Notice of Stock Unit Award may be adjusted in
accordance with the Company’s leave of absence policy or the terms
of your leave. If you commence working on a part-time basis, then
the vesting schedule specified in the Notice of Stock Unit Award
may be adjusted in accordance with the Company’s part-time work
policy or the terms of an agreement between you and the Company
pertaining to your part-time schedule.
	 
	 	 
	Settlement of Units

	 	Each unit will be settled on the first Permissible Trading Day (as
defined below) that occurs on or after the day when the unit vests.
	 
	 	 
	 

	 	However, regardless of whether or not a Permissible Trading Day has
occurred, each unit must be settled not later than the later of (a)
the March 15 of the calendar year after the calendar year in which
the unit vests or (b) the May 15 of the Company’s fiscal year after
the fiscal year in which the unit vests.
	 
	 	 
	 

	 	At the time of settlement, you will receive one share of the
Company’s Common Stock for each vested unit. But the Company, at
its sole discretion, may substitute an equivalent amount of cash if
the distribution of stock is not reasonably practicable due to the
requirements of applicable law. The amount of cash will be
determined on the basis of the market value of the Company’s Common
Stock at the time of settlement.
	 
	 	 
	Nature of Units

	 	Your units are mere bookkeeping entries. They represent only the
Company’s unfunded and unsecured promise to issue shares of Common
Stock (or distribute cash) on a future date. As a holder of units,
you have no rights other than the rights of a general creditor of
the Company.
	 
	 	 
	No Voting Rights or 

Dividends

	 	Your units carry neither voting rights nor rights to cash
dividends. You have no rights as a stockholder of the Company
unless and until your units are settled by issuing shares of the
Company’s Common Stock.

3

 

	 	 	 
	Units 

Nontransferable

	 	You may not sell, transfer, assign, pledge or otherwise dispose of
any units. For instance, you may not use your units as security
for a loan.
	 
	 	 
	Withholding Taxes

	 	No stock certificates or cash will be distributed to you unless you
have made arrangements satisfactory to the Company for the payment
of any withholding taxes that are due as a result of the settlement
of this award. These arrangements include payment in cash. With
the Company’s consent, these arrangements may also include (a)
payment from the proceeds of the sale of shares through a
Company-approved broker, (b) withholding shares of Company stock
that otherwise would be issued to you when the units are settled or
(c) surrendering shares that you previously acquired. The fair
market value of these shares, determined as of the date when taxes
otherwise would have been withheld in cash, will be applied to the
withholding taxes.
	 
	 	 
	Restrictions on 

Resale

	 	You agree not to sell any shares at a time when applicable laws,
Company policies or an agreement between the Company and its
underwriters prohibit a sale. This restriction will apply as long
as your Service continues and for such period of time after the
termination of your Service as the Company may specify.
	 
	 	 
	Employment at Will

	 	Your award or this Agreement does not give you the right to be
retained by the Company or a subsidiary of the Company in any
capacity. The Company and its subsidiaries reserve the right to
terminate your Service at any time, with or without cause.
	 
	 	 
	Adjustments

	 	In the event of a stock split, a stock dividend or a similar change
in Company stock, the number of your units will be adjusted
accordingly, as the Company may determine pursuant to the Plan.
	 
	 	 
	Beneficiary 

Designation

	 	You may dispose of your units in a written beneficiary designation.
A beneficiary designation must be filed with the Company on the
proper form. It will be recognized only if it has been received at
the Company’s headquarters before your death. If you file no
beneficiary designation or if none of your designated beneficiaries
survives you, then your estate will receive any vested units that
have not been settled before your death and any units that vest as
a result of your death.
	 
	 	 
	Applicable Law

	 	This Agreement will be interpreted and enforced under the laws of
the State of Delaware (without regard to their choice-of-law
provisions).

4

 

	 	 	 
	The Plan and Other
Agreements

	 	The text of the Plan is incorporated in this Agreement by reference.
	 
	 	 
	 

	 	The Plan, this Agreement and the Notice of Stock Unit Award
constitute the entire understanding between you and the Company
regarding this award. Any prior agreements, commitments or
negotiations concerning this award are superseded. This Agreement
may be amended only by another written agreement between the
parties.
	Definitions:
	 	 
	 
	 	 
	[Add if
applicable]:

“Cause”

	 	“Cause” means (a) any breach of the Proprietary Information and
Inventions Agreement between you and the Company, (b) your
conviction of, or plea of “guilty” or “no contest” to, a felony
under the laws of the United States or any crime involving moral
turpitude, (c) your participation in any fraud against the Company
or (d) your intentional damage to any material property of the
Company or other gross misconduct.
	 
	 	 
	[Add if
applicable]:

 “Good Reason”

	 	“Good Reason” means that you resign from your Service after one of
the following conditions comes into existence without your consent:
	 
	 	 
	 

	 	•     A material diminution of your base compensation,

	 
	 	 
	 

	 	•     A material diminution of your authority, duties or
responsibilities, or

	 
	 	 
	 

	 	•     A material change in the geographic location at which you
must perform your Service for the Company.

	 
	 	 
	 

	 	A condition will not be considered “Good Reason” unless (a) you
give the Company written notice of the condition within 90 days
after the condition comes into existence and (b) the Company fails
to remedy the condition within 30 days after receiving your written
notice.
	 
	 	 
	 

	 	In order to qualify as a resignation for “Good Reason,” your
resignation must occur within 12 months after one of the conditions
listed above comes into existence (but in any event within 12
months after the Change in Control).
	 
	 	 
	“Permissible
Trading Day”

	 	“Permissible Trading Day” means a day that satisfies each of the
following requirements:
	 
	 	 
	 

	 	•      The Nasdaq Global Market is open for trading on that day,

5

 

	 	 	 
	 

	 	•      You are permitted to sell shares of the Company’s Common
Stock on that day without incurring liability under Section 16(b)
of the Securities Exchange Act of 1934, as amended,

	 
	 	 
	 

	 	•      Either (a) you are not in possession of material non-public
information that would make it illegal for you to sell shares of
the Company’s Common Stock on that day under Rule 10b-5 of the
Securities and Exchange Commission or (b) Rule 10b5-1 of the
Securities and Exchange Commission is applicable,

	 
	 	 
	 

	 	•      Under the Company’s written Insider Trading Policy, you are
permitted to sell shares of the Company’s Common Stock on that day, and 

	 
	 	 
	 

	 	•      You are not prohibited from selling shares of the Company’s
Common Stock on that day by a written agreement between you and the
Company or a third party.

By signing the cover sheet of this Agreement, you agree to all of The

Terms and conditions described above and in the Plan.

6exv10w28

 

Exhibit 10.28

	 	 	 	 	 
	 

	 	A Professional Corporation

	 

	 	900 Front Street, Suite 300

	 

	 	San Francisco, CA 94111

	Glenn P. Zwang

	 	p: 415.956.1900
	gwang@bztm.com

	 	f: 415.956.1152
	 

	 	www.bztm.com

	Our File: 1781.067
	 	 	 	 

February 19, 2008

Via Overnight Delivery

Demandtec, Inc.

One Circle Star Way

San Carlos, CA 94070

Attn: CFO

	 	 	 	 	 
	 

	 	Re:
	 	Notice To Attorn To Landlord Circle Star LLC
	 

	 	 	 	Lease: Circle Star Lease Agreement dated April 27, 1999 (the “Lease”)
Sublease: Liberate Technologies Sublease Agreement, dated December 7,
2001, First Amendment to Sublease dated July 1, 2003, Second
Amendment to Sublease, dated January 1,2007 (collectively, the
“Sublease”)
	 

	 	 	 	Premises: One and Two Circle Star Way, San Carlos (the “Premises”)
	 

	 	 	 	Landlord: Circle Star LLC (“Landlord”)
	 

	 	 	 	Tenant: Liberate Technologies (“Tenant”)

Subtenant: Demandtec, Inc. (“Subtenant”)

Dear Sir or Madam:

          This firm represents Circle Star LLC, Landlord under the Lease with Tenant for
the Premises. Tenant defaulted under the Lease, and the Lease will terminate on February 29,
2008. Pursuant to Section 3(iii) of the Consent To Second Amendment to Sublease Agreement
dated February 7, 2007, Landlord hereby exercises its right to cause Subtenant to attorn to
Landlord commencing as of March 1, 2008.  Please continue to direct payment of rent in
accordance with our instructions set forth in our letter dated October 8, 2007.

	 	 	 
	 

	 	Very truly yours,
	 
	 	 
	 

	 	Bartko•Zankel•Tarrant•Miller
	 

	 	A Professional Corporation
	 
	 	 
	 

	 	Glenn P. Zwang

GPZ/ma

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00141-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00141-of-00352.parquet"}]]