Document:

Offer Letter Agreement - James Ramsey

 EXHIBIT 10.9 
 August 15, 2003 
  

			
	 Mr. James Ramsey
 [ADDRESS]

	 	

 Dear James, 
 It is with pleasure that we offer you the position of Vice President, Inside Sales at NetLedger reporting to Jodi Maxson. Your base salary will be $140,000 with total earnings of $240,000 on plan. You
will be granted the option to acquire 100,000 shares of NetLedger common stock, subject to approval by the Board of Directors. Your options will vest, consistent with NetLedger’s Stock Plan, 25% one year from grant date and 1/48th monthly
thereafter for a total of 4 years vesting. 
 Upon your start day, you will be eligible to participate in all employee benefit plans including
medical, dental, vision, life and disability insurance. You will be eligible to participate in NetLedger’s 401K plan 90 days after your start date with the company matching 34% of your contribution. 
 NetLedger offers 16 days PTO (accrued from date of hire) and 8 holidays. You will also receive regular reviews. 
 Please keep in mind that employment is at “at will” in the state of California and that either party can terminate employment at any time with or
without cause. We require all employees to sign NetLedger’s standard Proprietary Information Agreement as well as an Agreement to Arbitrate any disputes which may arise. We also require your approval to seek a background check, which your offer
is contingent upon. 
 James, we are very excited about the future of NetLedger and are happy you will be a part of the company’s growth
along with fulfilling your own career objectives. We look forward to having you start on September 29, 2003. 
 Sincerely, 

 

 

 Zach Nelson 
 President 
  

			
	Accepted:

	 	Date: 8/25/03Amendment to Offer Letter Agreement - James Ramsey

 EXHIBIT 10.9A 

 

 

 February 4, 2008 
 Mr. James Ramsey 
 [ADDRESS] 
 Dear James: 
 We are pleased to extend to you an internal move within NetSuite, Inc. to the position of SVP World Wide Sales. Your
acceptance of this letter will confirm the terms and conditions of your employment with NetSuite. 
 You will be employed as a SVP World Wide
Sales on a full-time basis commencing on January 1, 2008. You will report to Dean Mansfield. Your salary will remain the same. 
 Your
participation in NetSuite’s comprehensive employee benefit programs will continue unchanged. You agree that the employmenet benefit plans may change during your employment and that such changes will not impact upon the remaining provisions of
this Agreement. 
 All other conditions and clauses remain in effect as per your signed offer dated September 29, 2003. 
 Congratulations on your new role James. I look forward to working with you in this position. 
 Sincerely, 

 

 

 Dean Mansfield 
 President World Wide Sales & Distribution 
 ********** 
 I, James Ramsey, hereby accept the offer of employment as detailed above and agree to be bound by the terms and conditions of employment as outlined in the Agreement dated September 29, 2003. 

 

					
	
 

	  		  	
	Print Name	  		  	
	
 

	  	 2/4/08
	  	
	 Signature
	  	DateForm of agreement for grants of restricted shares under the Sun Hydraulics

 Exhibit 10.14 
 RESTRICTED SHARE AGREEMENT 
 THIS RESTRICTED SHARE
AGREEMENT (the “Agreement”), made effective as of                     , 20        , between SUN
HYDRAULICS CORPORATION, a Florida corporation (the “Corporation”),
and                                        
(“Participant”). 
 WITNESSETH: 
 WHEREAS, Participant is an employee of the Corporation and/or a subsidiary of the Corporation (“Subsidiary”); 
 WHEREAS, the Corporation has adopted the Sun Hydraulics Corporation 2001 Restricted Stock Plan (the “Plan”) in order to
provide its officers, employees, consultants and directors with incentives to achieve long-term corporate objectives; 
 WHEREAS, the Compensation Committee of the Corporation’s Board of Directors has granted an award of Restricted Shares (as defined below in Section 1) under the Plan to the Participant on the terms and conditions set forth
below; 
 NOW, THEREFORE, in consideration of the various covenants and agreements herein contained, and intending to be
legally bound hereby, the parties hereto agree as follows: 
 1. Grant of Restricted Shares. 
 The Corporation hereby grants to Participant a total
of                                        
(                    ) shares of the common stock, $.001 par value per share, of the Corporation (the “Restricted Shares”), subject to the
transfer restrictions and other conditions set forth in this Agreement. 
 The Corporation shall cause the Restricted Shares to
be issued and a stock certificate or certificates representing the Restricted Shares to be registered in the name of Participant promptly upon execution of this Agreement, but the stock certificate or certificates shall be delivered to, and held in
custody by, the Corporation until the applicable restrictions lapse at the times specified in Section 3 below. On or before the date of execution of this Agreement, Participant shall deliver to the Corporation one or more stock powers
endorsed in blank relating to the Restricted Shares, which will permit transfer to the Corporation of all or any portion of the Restricted Shares and any securities constituting Retained Distributions (as defined below in Section 2(a)(ii)) that
shall be forfeited or that shall not become vested in accordance with this Agreement. 
 2. Restrictions. 
 (a) Participant shall have all rights and privileges of a shareholder of the Corporation with respect to the Restricted Shares, including
voting rights and the right to receive dividends paid with respect to such shares, except that the following restrictions shall apply, until such time or times as restrictions lapse under Section 3 of this Agreement: 
 (i) Participant shall not be entitled to delivery of the certificate or certificates for any of the Restricted Shares until
the restrictions imposed by this Agreement have lapsed with respect to those Restricted Shares, at the times defined in Section 3; 

 (ii) other than regular cash dividends and such other distributions as the
Board of Directors may in its sole discretion designate, the Corporation will retain custody of all distributions (“Retained Distributions”) made or declared with respect to the Restricted Shares (and such Retained Distributions will be
subject to the same restrictions, terms and conditions as are applicable to the Restricted Shares) until such time, if ever, as the Restricted Shares with respect to which such Retained Distributions shall have been made, paid or declared shall have
become vested, and such Retained Distributions shall not bear interest or be segregated in separate accounts; 
 (iii) the Restricted Shares may not be sold, transferred, assigned, pledged or otherwise encumbered or disposed of by Participant before these restrictions have lapsed pursuant to Section 3, except with the consent of the
Corporation; and 
 (iv) the Restricted Shares and Retained Distributions shall be subject to forfeiture upon
termination of Participant’s employment with the Corporation to the extent set forth in Section 6 below and upon the breach of any restrictions, terms or conditions of this Agreement. 
 Once any portion of Participant’s Restricted Share award has become vested under Section 3, the newly vested shares shall
no longer be subject to the preceding restrictions, and shall no longer be considered to be Restricted Shares. 
 (b) Any
attempt to dispose of Restricted Shares in a manner contrary to the restrictions set forth in this Agreement shall be ineffective. 
 3. When Restrictions Lapse. 
 The Restricted Shares shall vest and the restrictions set forth in this Agreement
shall lapse with respect to such vested shares as follows: 
  

			
	 Date of Occurrence of Participant’s
 Termination of Employment
	  	 Shares of Stock
 Subject to Divestiture

	 Prior to and including
                    , 20    
	  	 
	 From                     ,
20    , to and including                     , 20    
	  	 
	 From                     ,
20    , to and including                     , 20    
	  	 

 provided that Participant is employed by the
Corporation or a Subsidiary on such date. The foregoing notwithstanding, in the event of a pending or threatened change in control, in connection with any merger, consolidation, acquisition, separation, reorganization, liquidation or like occurrence
in which the Corporation is involved, the Board of Directors may, in its sole discretion, take such actions as permitted under the Plan. 
 4. Issuance of Stock Certificates for Shares. 
 The stock certificate or
certificates representing the Restricted Shares shall be issued promptly following the execution of this Agreement, and shall be delivered to the Corporate Secretary or such other custodian as may be designated by the Corporation, to be held until
the restrictions have lapsed under Section 3. Such stock certificate or certificates shall bear the following legend: 
 The transferability of this certificate and the shares of stock represented hereby are subject to the terms and conditions (including forfeiture) of a Restricted Share Agreement entered into between the registered owner and Sun Hydraulics
Corporation. A copy of such Agreement is on file in the offices of, and will be made available for a proper purpose by, the Corporate Secretary of Sun Hydraulics Corporation. 

 Once the restrictions imposed by this Agreement have lapsed with respect to any portion of
the Restricted Shares, upon the written request of Participant, a stock certificate or certificates for such portion of the Restricted Shares shall be returned and exchanged for new stock certificates without the foregoing legend for the newly
vested portion of the Restricted Shares. Upon the written request of Participant, the certificates representing the newly vested shares shall be delivered to Participant (or to the person to whom the rights of Participant shall have passed by will
or the laws of descent and distribution) promptly after the date on which the restrictions imposed on such shares by this Agreement have lapsed, but not before Participant has made any tax payment to the Corporation or made other arrangements for
tax withholding, as required by Section 5. Once the restrictions imposed by this Agreement have lapsed with respect to all of the Restricted Shares, all certificates held by the Corporation representing the vested shares shall be
delivered promptly to Participant (or to the person to whom the rights of Participant shall have passed by will or the laws of descent and distribution), provided that Participant has made any tax payment to the Corporation or made other
arrangements for tax withholding, as required by Section 5. 
 5. Tax Withholding. 
 Whenever the restrictions on Participant’s rights to some or all of the Restricted Shares lapse under Section 3 of this
Agreement or upon Participant’s filing an election with the Internal Revenue Service pursuant to Section 83(b) of the Internal Revenue Code of 1986, as amended, the Corporation shall notify Participant of the amount of tax which must be
withheld by the Corporation under all applicable federal, state and local tax laws. Participant agrees to make arrangements with the Corporation to (a) remit a cash payment of the required amount to the Corporation, (b) to authorize the
deduction of such amounts from Participant’s compensation or (c) to otherwise satisfy the applicable tax withholding requirement in a manner satisfactory to the Corporation. 
 6. Forfeiture On Termination of Employment. 
 If the Participant’s employment with the Corporation or Subsidiary is terminated for any reason, either by the Corporation or Participant, during the term of this Agreement, any Restricted Shares
remaining subject to the restrictions imposed by this Agreement shall be forfeited; provided, however, that in the event of termination by reason of death, permanent total disability, or retirement at or after normal retirement age, any remaining
restrictions automatically shall lapse. 
 7. Restricted Shares Not to Affect Employment. 
 Neither this Agreement nor the Restricted Shares granted hereunder shall confer upon Participant any right to continued employment with the
Corporation or any Subsidiary, and shall not in any way modify or restrict the Corporation’s or such Subsidiary’s right to terminate such employment. 
 8. Agreement Subject to the Plan. This Agreement and the rights and obligations of the parties hereto are subject to and governed by the terms of the Plan as the same may be amended from time to
time, the provisions of which are incorporated by reference into this Agreement. 

 9. Miscellaneous. 
 (a) This Agreement may be executed in one or more counterparts, all of which taken together will constitute one and the same instrument.

 (b) The terms of this Agreement may only be amended, modified or waived by a written agreement executed by both of the
parties hereto. 
 (c) The validity, performance, construction and effect of this Agreement shall be governed by the laws of the
State of Florida, without giving effect to principles of conflicts of law. 
 (d) This Agreement constitutes the entire
agreement between the parties hereto with respect to the transactions contemplated herein. 
 (e) Except as otherwise herein
provided, this Agreement shall be binding upon and shall inure to the benefit of the Corporation, its successors and assigns, and of Participant and Participant’s personal representatives. 
 IN WITNESS WHEREOF, the parties have executed this Restricted Share Agreement as of the day and year first above written. 

 

							
	 	 	 	 	SUN HYDRAULICS CORPORATION
	ATTEST:	 		 		 	
	  
	 		 	By:	 	  

	Secretary	 		 		 	President
		 		 	PARTICIPANT
	Witness:

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