Document:

QuickLinks
 -- Click here to rapidly navigate through this document

 
 

EXHIBIT 10.35    
  

April 5,
2002 

Mr. Scott
K. Meyer

Erlenweg 4

D-61462 Koenigstein i. Ts.

Germany 

Dear
Scott: 

        I
am pleased to offer you a position with HealtheTech, Inc. (the "Company") as our Vice President of Worldwide Sales and Chief Marketing Officer commencing on April 22,
2002. This is an exempt position and is located in our Golden, CO office. 

COMPENSATION AND BENEFITS  

        In this position, you will receive a monthly salary of $16,667.00, which will be paid bi-weekly in accordance with the Company's normal payroll
procedures. You will receive a performance review 90 days after your start date and, if justified, a commensurate salary increase. You will also participate in our 2002 bonus plan with the
opportunity to receive up to 40% bonus based on your base salary if the company achieves its financial goals and you achieve your agreed upon personal goals. 

        As
a Company employee, you will also be eligible to receive all employee benefits offered by the Company to its other employees in similar positions. Presently, these benefits include
health, dental and vision insurance, a 401(k) Plan and annual vacation. The Company retains the right to modify or change its benefits and compensation policy from time to time, as it deems necessary. 

OPTION GRANT  

        The Company's Board of Directors have granted you the option to purchase 120,000 shares of Common Stock at a strike price of $10.00 per share pursuant to the
Company's Amended and Restated 1998 Stock Plan. The grant will vest over a four-year period, 25% after the first anniversary of your hire date, and monthly thereafter (subject to the
Change of Control Agreement entered into coincident with, and made part of, this Offer Letter). A copy of the Restated 1998 Stock Plan is attached for your reference. The Plan requires the terms to be
set forth in a separate Stock Option Agreement, the material terms of which will be in accordance with this Offer Letter. 

TEMPORARY LIVING AND RELOCATION EXPENSES  

        You will be reimbursed for the actual cost of up to 60 days temporary housing and car rental. In addition, the Company will reimburse you for the cost of
bringing your wife to Denver for one house hunting trip. 

AT WILL EMPLOYMENT  

        You should be aware that 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. 

 

REQUIRED DOCUMENTATION  

        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. 

CONFIDENTIAL INFORMATION  

        I have enclosed our standard Employee Confidential Information and Invention Assignment Agreement. If you accept this offer, please simultaneously return to me a
signed copy of that agreement. As an employee of the Company, you will be expected to abide by all the Company's rules, regulations, policies and procedures. A copy of the Company's Employee Handbook
will be provided to you that reflects guidelines for HealtheTech employees. 

        To
indicate your acceptance of this offer, please sign and date this letter in the space provided below and return it to me. A duplicate original is enclosed for your records. This
letter, along with the agreement relating to confidentiality and 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 or oral. This letter may not be modified or amended except by a written agreement, signed by the undersigned Company and by you. 

        This
offer of employment expires ten (10) calendar days from the date of this letter unless extended in writing by the undersigned, or accepted by you in writing, prior to
expiration. 

        We
look forward to working with you at the Company. 

	 	 	Sincerely,	 	/s/  Noel L. Johnson
 Noel L. Johnson, Ph.D.
 President & COO
	

Accepted and agreed to this 11th day of April, 2002, by:
	

 	
 	

Signature	
 	

/s/  Scott K. Meyer
 Scott K. Meyer

Enclosures:  

Duplication
offer letter;

Employee Confidential Information and Invention Assignment Agreement; and

HealtheTech Amended and Restated 1998 Stock Plan 

2

QuickLinks

EXHIBIT 10.35QuickLinks
 -- Click here to rapidly navigate through this document

 
 

EXHIBIT 10.36    
  

April 5,
2002 

Mr. Scott
K. Meyer

Erlenweg 4

D-61462 Koenigstein i. Ts.,

Germany 

Re:        Change of Control Agreement  

Dear
Scott: 

        As
we have discussed, HealtheTech, Inc. (the "Company") has agreed to extend certain benefits to you in the event your employment with the Company is terminated within eighteen
months of a "Change of Control" of the Company. This letter sets out the terms of our agreement (the "Letter"). Capitalized terms are defined on Exhibit A, attached. 

1.        Severance Benefits. If you or the Company terminates your employment at any time within the Change of Control Period, then you will be
entitled to receive severance benefits as follows: 

        (a)    Voluntary Resignation; Termination for Cause. If you terminate your employment by reason of voluntary resignation (and
not by Involuntary Termination) or if you are terminated for Cause, then you will not be entitled to receive severance or other benefits (except as otherwise required by law). 

        (b)    Involuntary Termination. If your employment is terminated or you terminate your employment as a result of Involuntary
Termination, you will be entitled to receive the following benefits: 

        (i)    severance
pay, based upon your base compensation as of the date your employment ceases, in an amount equal to one year of base compensation plus bonus (currently 40% of
base compensation) at target. Any amount payable shall be based on the regular compensation rate during the Severance Period, according to normal Company payroll practices and commencing with the
month immediately after the month in which your employment so ceases; 

        (ii)    coverage
for you and your dependents under the Company's health, life, dental and other insurance programs for the Severance Period; and 

        (iii)    immediate
vesting and exercisability of all non-expired stock options and shares of restricted stock held by you, including those granted or obtained after
the date of this Letter. 

        (c)    Disability; Death. If the Company terminates your employment as a result of your Disability (as defined in
Exhibit A) or such employment is terminated by your death, then such termination shall be treated as if it were an Involuntary Termination, and the severance and other benefits shall be
provided, in accordance with subsection (b) above. 

2.        Successors. Any successor to the Company (whether direct or indirect and whether by purchase, lease, merger, consolidation, liquidation
or otherwise) to all or substantially all of the Company's business and/or assets shall assume the obligations under this Letter and agree expressly to perform the obligations under this Letter in the
same manner and to the same extent as the Company would be required to perform such obligations in the absence of a succession. For all purposes under this Letter, the term "Company" shall include any
successor to the Company's business and/or assets which executes and delivers the assumption agreement described in this Section 3 or which becomes bound by the terms of this Letter by
operation of law. 

3.        Law Governing; Arbitration. This Letter shall be governed by and construed in accordance with the laws of the State of Colorado. Any
dispute or controversy arising under or in connection with this Letter shall be settled exclusively in arbitration conducted in Colorado in accordance with the rules of the American Arbitration
Association then in effect. Judgment may be entered on the arbitrator's award in any court having jurisdiction. Punitive damages shall not be awarded. In any arbitration 

 

proceeding, the party determined to be the prevailing party shall be entitled to receive, in addition to any other award, its attorneys' fees and expenses of the proceeding. 

4.        Employment and Income Taxes. All payments made pursuant to this Letter will be subject to withholding of employment taxes. 

        By
your signature below, you indicate that you agree to the terms set out in this Letter. 

	 	 	Very truly yours,
	

 	
 	

HEALTHETECH, INC.
	

 	
 	

By:	
 	

/s/  Noel L. Johnson
 Noel L. Johnson

Title: President and Chief Operating Officer
	

 	
 	

ACKNOWLEDGED AND AGREED:
	

 	
 	

By:	
 	

/s/  SCOTT K. MEYER      
 Scott K. Meyer
	

 	
 	

Date: 11 April 2002

2

 
 
 

EXHIBIT A    
  

        Definition of Terms. The following terms referred to in this Letter shall have the following meanings: 

        "Cause" means (i) any act of personal dishonesty taken by you in connection with your responsibilities as an employee and intended
to result in substantial personal enrichment; (ii) your being convicted of a felony; or (iii) a willful act by you which constitutes gross misconduct and which is injurious to the
Company. 

        "Change of Control" means the occurrence of any of the following events: 

        (a)    Any
"person" (as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended), excluding existing beneficial owners as of the date
of this Letter, is or becomes the "beneficial owner" (as defined in Section 13d-3 of said Act), directly or indirectly, of securities of the Company representing 50% or more of the
total voting power represented by the Company's then outstanding voting securities, excluding conversion of any convertible securities issued as of the date of this Letter; 

        (b)    The
composition of the Board of Directors changes during any period of 36 months such that individuals who at the beginning of the period were members of the
Board of Directors (the "Continuing Directors") cease for any reason to constitute at least a majority thereof; unless at least 662/3% of the Continuing Directors has either
(i) approved the election of the new Directors, (ii) if the election of the new Directors is voted on by shareholders, recommended that the shareholders vote for approval, or
(iii) otherwise determined that such change in composition does not constitute a Change of Control, even if the Continuing Directors do not constitute a quorum of the whole Board (it being
understood that this requirement shall not be capable of satisfaction unless there is at least one Continuing Director); 

        (c)    The
shareholders of the Company approve a merger or consolidation of the Company with any other corporation, other than a merger or consolidation which would result in
the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving
entity) at least 50% of the total voting power represented by the voting securities of the Company or such surviving entity outstanding immediately after such merger or consolidation, or the
shareholders of the Company approve a plan of complete liquidation of the Company or an agreement for the sale or disposition by the Company of all or substantially all of the Company's assets; 

        (d)    Any
other provision of this subsection notwithstanding, the term Change of Control shall not include either of the following events undertaken at the election of the
Company: 

        (i)
Any transaction, the sole purpose of which is to change the state of the Company's incorporation; or 

        (ii)
A transaction, the result of which is to sell all or substantially all of the assets of the Company to another corporation (the "surviving corporation") provided that the surviving
corporation is owned directly or indirectly by the shareholders of the Company immediately following such transaction in substantially the same proportions as their ownership of the Company's common
stock immediately preceding such transaction. 

        "Change of Control Period" means the period beginning with the date that a Change of Control has occurred (as determined by the Board of
Directors of the Company) and ending eighteen months later. 

        "Disability"    means that you suffer from a physical or mental disability to an extent that renders it impracticable for you to
continue performing your duties hereunder. You shall be deemed to be so disabled if (i) a qualified independent physician mutually acceptable to the Company and you (and the 

3

 

Company will use its best efforts to coordinate such determination by the physician with the Company's long term disability insurance carrier) advises the Company and you in writing that your
physical or mental condition will render you unable to perform your duties for a period exceeding three consecutive months, or (ii) due to a physical or mental condition, you have not
substantially performed your duties hereunder for a period of three consecutive months. If the Company and you cannot agree as to a qualified independent physician, each shall appoint such a physician
and those two physicians shall select a third who shall make such determination in writing. 

        "Involuntary Termination"    means your resignation or termination of employment on account of any of the following:
(i) without your consent, your assignment to any duties or the significant reduction of your duties, either of which is inconsistent with your position or title with the Company and
responsibilities in effect immediately prior to such assignment, or your removal from such position and responsibility, or a reduction in your title; (ii) a greater than 10% overall reduction
by the Company in your base compensation as in effect immediately prior to such reduction; provided, however, that such reduction shall not apply if substantially all executive officers of the Company
agree to a similar reduction in base compensation; (iii) a requirement to work at a new location more distant from your principal residence than is the Company's current location in Golden,
Colorado, or in any new location further than 30 miles from your principal residence, or (iv) any purported termination of you by the Company (other than a voluntary termination initiated by
the Executive) which is not effected for Disability or for Cause. 

        "Severance Period" means the twelve-month period following your termination of employment. 

4

QuickLinks

EXHIBIT 10.36

EXHIBIT A

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00039-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00039-of-00352.parquet"}]]