Document:

Exhibit 10.35

 

July 19, 2012

 

Brian Liu

 

Re:  LegalZoom.com, Inc.

 

Dear Brian:

 

In connection with your voluntary resignation of employment from all offices with LegalZoom.com, Inc. (the “Company”), which resignation will be effective as of 11:59 p.m. Pacific Standard Time on the day immediately prior to the closing of the Company’s initial public offering and only to the extent the Company’s initial public offering is consummated, the Company is very pleased to provide you with this letter setting forth the terms and conditions of your continuing service as a member of the Board of Directors (the “Board”) of the Company, in a non-employee capacity, as follows:

 

	
Term:
    	
 
    	
You   will continue to serve as a member of the Board until the annual general   meeting of stockholders of the year in which your term expires or until your   successor has been elected and qualified, subject however, to your prior   death, resignation, retirement, disqualification or removal from office.
    
	
 
    	
 
    	
 
    
	
Committees:
    	
 
    	
To   the extent requested by the Board, you may be required to serve on one or   more of the Board’s Audit Committee, Compensation Committee and/or Nominating   and Governance Committee, and that such committee assignments will be as   agreed between you and the Company, and that you will be compensated for   service on any committees as provided therein. You will be compensated for   any such committee service in accordance with the Company’s director   compensation provisions that are then in effect.
    
	
 
    	
 
    	
 
    
	
Cash   Compensation, effective upon consummation of the proposed initial public   offering of the Company:
    	
 
    	
In   consideration of your continued service as a member of the Board, you will   receive a $25,000 annual cash retainer to be paid in arrears in equal   quarterly installments for so long as you remain a member of the Board.

 

After   the consummation of the proposed initial public offering of the Company and a   Form S-8 Registration Statement covering the shares that may be issued under   the Company’s 2012 Equity Incentive Plan has become effective, all or a   portion of your annual cash retainer may be deferred into a stock unit   account. The election for deferring your annual cash retainer must be made in   writing within the timeframe required by Internal Revenue Code §409A.
    

 

1

 

	
 
    	
 
    	
You   will receive $1,000 per meeting for each Board and committee meeting that you   attend, to be paid in arrears on a quarterly basis.

 

The   Company may, in its sole discretion and from time to time, amend or eliminate   any of these components of compensation.
    
	
 
    	
 
    	
 
    
	
Equity   Compensation:

Grants:
    	
 
    	
In   connection with the Company’s initial public offering, if you are then   serving on the Board, you will receive annual compensatory equity grants (in   the form of restricted stock units and stock options which will each be   subject to vesting conditions) in accordance with the Company’s non-employee   director compensation program.
    
	
 
    	
 
    	
 
    
	
Stock   Ownership Guidelines:
    	
 
    	
In   order to promote long-term alignment of directors and stockholders interests,   the Company requires that you hold five times your annual cash retainer   (excluding any cash retainer for service on a committee or as a committee   chair or other service related fees). You are expected to attain or exceed   the stock ownership guideline amount within five (5) years of the   consummation of the proposed initial public offering of the Company, and to   remain at or above the guideline.
    
	
 
    	
 
    	
 
    
	
Responsibilities:
    	
 
    	
As   a director of the Company, your duties and responsibilities will be those   reasonably and customarily associated with such position, including, without   limitation, attendance at all regular and special meetings of the Board and,   if you are a member of a committee of the Board, attendance at all regular   and special meetings of such committee.
    
	
 
    	
 
    	
 
    
	
No   Legal Services Provided:
    	
 
    	
The   Company confirms that you will be providing services as a member of the Board   in your individual capacity, and will not be providing or called upon to   provide legal services to the Company.
    
	
 
    	
 
    	
 
    
	
Expenses:
    	
 
    	
The   Company will reimburse you for all reasonable, out-of-pocket costs and   expenses incurred by you in connection with attending meetings of the Board   and committee(s) in which you are a member.
    
	
 
    	
 
    	
 
    
	
Confidentiality:
    	
 
    	
As   a condition of this letter, you will continue to be required to preserve the   Company’s proprietary and confidential information and you must comply with   the Company’s policies and procedures. Accordingly, as a condition to your   continued service to the Board, you are required to execute the Nondisclosure   Agreement enclosed herewith.
    
	
 
    	
 
    	
 
    
	
Indemnification:
    	
 
    	
The   Indemnification Agreement you have entered into with the Company, dated April   2, 2012, will remain in full force and effect.
    

 

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The terms and conditions set forth above supersede and replace the previous compensation arrangement, if any, between you and the Company except that any outstanding Company equity compensation awards shall remain outstanding and continue to be governed in accordance with their terms and conditions.

 

This letter to continue to serve as a member of the Board shall be at the will of the Board, which means that this relationship can be terminated by either party pursuant to the Bylaws of the Company.  You agree the Company has the right to mention your name and other customary information in documents the Company files with the Securities and Exchange Commission, press releases and other business documentation as appropriate, including, inclusion of such information in the Company’s registration statement and the related prospectus naming you as a member of the Board and such other information regarding you as is required to be included therein under the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder.

 

Please sign the acknowledgment at the end of this letter acknowledging and agreeing to the terms and conditions of your continued service as a member of the Board.

 

[Signature page follows]

 

3

 

Please contact me with any questions regarding the foregoing.

 

	
 
    	
 
    	
Sincerely,
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
LEGALZOOM.COM,   INC.
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/   John Suh
    
	
 
    	
 
    	
 
    	
     John Suh
    
	
 
    	
 
    	
 
    	
     Chief Executive Officer and 
    
	
 
    	
 
    	
 
    	
     Director
    
	
ACKNOWLEDGED   AND AGREED TO BY:
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
/s/   Brian Liu
    	
 
    	
 
    	
 
    
	
Brian   Liu
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
Date:   July 19, 2012
    	
 
    	
 
    	
 
    

 

I acknowledge that I have consented to the inclusion in the Registration Statement on Form S-1 of LegalZoom.com, Inc., any amendments thereto, and in the related Prospectus, of (i) a reference naming me as a member of the Board of Directors of LegalZoom.com, Inc. and (ii) such other information regarding me as is required to be included therein under the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder.

 

4Exhibit 10.36

 

July 19, 2012

 

Susan Decker

 

Re:  LegalZoom.com, Inc.

 

Dear Susan:

 

LegalZoom.com, Inc. (the “Company”) is very pleased to provide you with this letter setting forth the terms and conditions of your continued service as a member of the Board of Directors (the “Board”) of the Company, as follows:

 

	
Term:
    	
 
    	
You will continue to serve as a member of the Board until the annual   general meeting of stockholders of the year in which your term expires or   until your successor has been elected and qualified, subject however, to your   prior death, resignation, retirement, disqualification or removal from   office.
    
	
 
    	
 
    	
 
    
	
Committees:
    	
 
    	
You   acknowledge and agree that on and after the consummation of the proposed   initial public offering of the Company, in order to meet SEC and NYSE rules,   you will be required to serve on one or more of the Board’s Audit Committee,   Compensation Committee and/or Nominating and Governance Committee, and that   such committee assignments will be as agreed between you and the Company, and   that you will be compensated for service on any committee as provided herein.
    
	
 
    	
 
    	
 
    
	
Cash   Compensation, effective as of April 1, 2012
    	
 
    	
In   consideration of your continued service as a member of the Board, you will   receive a $25,000 annual cash retainer to be paid in arrears in equal   quarterly installments for so long as you remain a member of the Board.

 

In   consideration for your services as Chair of the Audit Committee, if   applicable, you will receive a $15,000 annual cash retainer to be paid in   arrears in equal quarterly installments for so long as you remain the Audit   Committee Chair.

 

In   consideration for your services as Chair of the Compensation Committee, if   applicable, you will receive a $7,500 annual cash retainer to be paid in   arrears in equal quarterly installments for so long as you remain the   Compensation Committee Chair.
    

 

1

 

	
 
    	
 
    	
In   consideration for your services as Chair of the Nominating and Governance   Committee, if applicable, you will receive a $5,000 annual cash retainer to   be paid in arrears in equal quarterly installments for so long as you remain   the Nominating and Governance Committee Chair.

 

After   the consummation of the proposed initial public offering of the Company and a   Form S-8 Registration Statement covering the shares that may be issued   under the Company’s 2012 Equity Incentive Plan has become effective, all or a   portion of your annual cash retainer may be deferred into a stock unit   account. The election for deferring your annual cash retainer must be made in   writing within the timeframe required by Internal Revenue Code §409A.

 

You   will receive $1,000 per meeting for each Board and committee meeting that you   attend, to be paid in arrears on a quarterly basis.

 

The   Company may, in its sole discretion and from time to time, amend or eliminate   any of these components of compensation.
    
	
 
    	
 
    	
 
    
	
Equity   Compensation Grants:
    	
 
    	
In   connection with the Company’s initial public offering, if you are then   serving on the Board, you will receive annual compensatory equity grants (in   the form of restricted stock units and stock options which will each be   subject to vesting conditions) in accordance with the Company’s non-employee   director compensation program.
    
	
 
    	
 
    	
 
    
	
Stock   Ownership Guidelines:
    	
 
    	
In   order to promote long-term alignment of directors and stockholders interests,   the Company requires that you hold five times your annual cash retainer   (excluding any cash retainer for service on a committee or as a committee   chair or other service-related fees). You are expected to attain or exceed   the stock ownership guideline amount within five (5) years of the   consummation of the proposed initial public offering of the Company, and to   remain at or above the guideline.
    
	
 
    	
 
    	
 
    
	
Responsibilities:
    	
 
    	
As   a director of the Company, your duties and responsibilities will be those   reasonably and customarily associated with such position, including, without   limitation, attendance at all regular and special meetings of the Board and,   if you are a member of a committee of the Board, attendance at all regular   and special meetings of such committee.
    
	
 
    	
 
    	
 
    
	
No   Legal Services Provided:
    	
 
    	
The   Company confirms that you will be providing services as a member of the Board   in your individual capacity, and will not be providing or called upon to   provide legal services to the Company.
    
	
 
    	
 
    	
 
    
	
Expenses:
    	
 
    	
The   Company will reimburse you for all reasonable, out-of-pocket costs and   expenses incurred by you in connection with attending meetings of 
    

 

2

 

	
 
    	
 
    	
the   Board and committee(s) in which you are a member.
    
	
 
    	
 
    	
 
    
	
Confidentiality:
    	
 
    	
As   a condition of this letter, you will continue to be required to preserve the   Company’s proprietary and confidential information and you must comply with   the Company’s policies and procedures. Accordingly, as a condition to your   continued service to the Board, you are required to execute the Nondisclosure   Agreement enclosed herewith.
    
	
 
    	
 
    	
 
    
	
Indemnification:
    	
 
    	
The   Indemnification Agreement you have entered into with the Company, dated   March 30, 2012, will remain in full force and effect.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    

 

The terms and conditions set forth above supersede and replace the previous compensation arrangement, if any, between you and the Company except that any outstanding Company equity compensation awards shall remain outstanding and continue to be governed in accordance with their terms and conditions.

 

This letter to continue to serve as a member of the Board shall be at the will of the Board, which means that this relationship can be terminated by either party pursuant to the Bylaws of the Company.  You agree the Company has the right to mention your name and other customary information in documents the Company files with the Securities and Exchange Commission, press releases and other business documentation as appropriate, including, inclusion of such information in the Company’s registration statement and the related prospectus naming you as a member of the Board and such other information regarding you as is required to be included therein under the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder.

 

Please sign the acknowledgment at the end of this letter acknowledging and agreeing to the terms and conditions of your continued service as a member of the Board.

 

[Signature page follows]

 

3

 

Please contact me with any questions regarding the foregoing.

 

	
 
    	
 
    	
Sincerely,
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
LEGALZOOM.COM, INC.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/ John   Suh
    
	
 
    	
 
    	
 
    	
John Suh
    
	
 
    	
 
    	
 
    	
Chief Executive Officer and
    
	
 
    	
 
    	
 
    	
Director
    
	
 
    	
 
    	
 
    
	
ACKNOWLEDGED   AND AGREED TO BY:
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
/s/   Susan Decker
    	
 
    	
 
    
	
Susan   Decker
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Date:   July 19, 2012
    	
 
    	
 
    

 

I acknowledge that I have consented to the inclusion in the Registration Statement on Form S-1 of LegalZoom.com, Inc., any amendments thereto, and in the related Prospectus, of (i) a reference naming me as a member of the Board of Directors of LegalZoom.com, Inc. and (ii) such other information regarding me as is required to be included therein under the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder.

 

4

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