Document:

EX-10.17

 Exhibit 10.17 
  

 
  

2015 Chief Legal Officer (CLO) Bonus Plan 

PURPOSE: The BlackLine (“Company”) CEO Bonus Plan (the “Plan”) is designed to incentivize the achievement of
BlackLine’s strategic priorities through compensation that that supports overall excellence in job performance in accordance with BlackLine business objectives and goals. 

DEFINITIONS: 
 For the purpose of the Plan, the
following definitions apply: 
 a. “Free Cash Flow” (“FCF”): A measure of financial performance calculated after
accounting for capital expenditures. 
 b. “Net Bookings”: Refers to the total value of accepted term contracts, contracted work or
services, and changes to such contracts as of either the order date or the effective date of the transaction. Bookings typically include all items with a revenue implication, such as new contracts, renewals, upgrades, downgrades, add-ons, early
terminations and refunds. 
 c. “Participant”: Chief Legal Officer. 

PLAN DESIGN: 
 The bonus payment is discretionary,
subject to assessment of overall individual performance and approval by the Chief Executive Officer. 
 The eligible earning rate is 40% of the
participant’s annual salary at the time of payout – equivalent to $120,000. 
 The Bonus Plan is contingent upon the Company meeting specific
financial goals and thresholds, as determined by the Board of Directors. 
 For 2015, the company must meet pre-established FCF thresholds and vesting
schedule is proportionate to the following achievement of revenue goals:
  

	 	•	 	Plan begins to vest at 80% Net Bookings achievement. 

  

	 	•	 	Once 80% Net Bookings have been met, the Plan pays out at 50%. 

  

	 	•	 	At 100% Net Bookings achievement, the Plan is fully vested at 100%. 

  

	 	•	 	The 2015 Plan is capped at 100% payout. 

  
 1 

 

 
  
  

 ELIGIBILITY: 
  

	 	•	 	Discretionary to CEO approval of performance in role. The participant must be an active, full-time employee and not participating in an Individual Compensation Program. 

PAYMENT OF BONUSE: 
  

	 	•	 	Bonus payment, if earned, is targeted for distribution in March 2016. 

  

	 	•	 	Bonus amounts are subject to government required withholding payments/deductions. 

  

	 	•	 	All bonus calculations are based on the employee’s regular 2015 earnings, which excludes OT, commissions, bonus, etc. 

PARTICIPANT ACKNOWLEDGMENT 
 I
acknowledge that I have carefully read, understand and agree to the provisions of the BlackLine CLO Bonus Plan (the “Plan”). I understand and agree that the Plan is not intended to, and does not, alter the at-will employment relationship
that exists between the Company and me. I further understand and acknowledge that the Board of Directors is free to amend, modify or eliminate the Plan, in whole or in part, at any time in its sole discretion. 

 

									
		 		 	
					
	Employee Name:	 	Karole Morgan-Prager	 		 		 	
	Signature:	 	/s/ Karole Morgan-Prager	 		 	Date:	 	 12-29-15

  
 2EX-10.18

 Exhibit 10.18 

September 29, 2016 
 Karole Morgan-Prager 

c/o BlackLine, Inc. 
 21300 Victory Boulevard, 12th Floor 

Woodland Hills, CA 91367 
 Re: Confirmatory Employment Letter

 Dear Karole: 
 This letter agreement
(the “Agreement”) is entered into between Karole Morgan-Prager (“Employee” or “you”) and BlackLine, Inc. (the “Company” or “we”). This Agreement is effective as of the date you sign this letter,
as indicated below. The purpose of this letter is to confirm the current terms and conditions of your employment. 
  

	1.	Title; Position. Your position will continue to be Chief Legal Officer, and you will continue to report to the Chief Executive Officer, with responsibilities as defined in the job description
previously provided to you or as otherwise reasonably assigned to you by your supervisor or the Company’s board of directors or its authorized committee (the “Committee”).

 

	2.	Base Salary. Your current annual base salary is $340,000. Your annual base salary will be payable in bi-weekly payments, less applicable withholdings and deductions, and otherwise in accordance with the
Company’s normal payroll practices. Your annual base salary will be subject to review and adjustment based upon the Company’s normal performance review practices. 

 

	3.	Annual Bonus. You are eligible to earn an annual bonus of 40% of your base salary at target, based on achieving performance objectives established by the Committee in its sole discretion and payable
upon achievement of those objectives as determined by the Committee. If any portion of such bonus is earned, it will be paid when practicable after the Committee determines it has been earned, subject to you remaining employed with the Company
through the payment date. Your annual bonus opportunity will be subject to review and adjustment based upon the Company’s normal performance review practices. 

 

	4.	Employee Benefits. You also will continue to be eligible to participate in all of the Company benefit plans as available, including group health insurance and paid time off, based on policies in
effect during your employment. The Company reserves the right to cancel or change the benefit plans and programs it offers to its employees at any time. 

  

	5.	 Severance Policy. The Committee has designated you a participant in the Company’s Change
of Control and Severance Policy (the “Policy”), attached as Exhibit A to this letter. As a participant in the Policy, you will be eligible to receive severance payments and benefits upon certain qualifying terminations of your
employment as set forth in Exhibit B to this 

	 	
letter (the “Participation Terms”), subject to the terms and conditions of the Policy. By signing this letter, you agree that this Agreement, the Policy, and the Participation Terms
constitute the entire agreement between you and the Company regarding the subject matter of this paragraph and supersede in their entirety all prior representations, understandings, undertakings or agreements (whether oral or written and
whether expressed or implied), and specifically supersede any severance and/or change of control provisions of any offer letter, employment agreement, or equity award agreement entered into between you and the Company. 

 

	6.	Confidentiality Agreement. As an employee of the Company, you will continue to have access to certain confidential information of the Company and you may, during the course of your employment, develop certain
information or inventions that will be the property of the Company. To protect the interests of the Company, your acceptance of this letter confirms that the terms of the Company’s Confidential Information and Inventions Assignment
Agreement and other compliance agreements that you executed when you joined the Company (the “Confidentiality Agreements”).

  

	7.	At-Will Employment. Your employment with the Company will continue to be “at will.” It is for no specified term, and may be terminated by you or the Company at any time, with or without
cause or advance notice. Although the Company may change the terms and conditions of your employment from time-to-time, (including, but not limited to, changes in your position, compensation, and/or benefits), nothing will change the at-will
employment relationship between you and the Company. In addition, the compensation terms described herein will not affect your at-will employment status.

  

	8.	Commitment to Company. During your employment with the Company, you will perform your duties faithfully and to the best of your ability and will devote your full business efforts and time to the
Company. Except as specifically approved by the Committee, you agree that, during the term of your employment with the Company, you will not engage in any other employment, occupation, consulting or other business activity related to the
business in which the Company or any of its subsidiaries or affiliates is now involved or becomes involved during the term of your employment, nor will you engage in any other activities that conflict with your obligations to the Company or any of
its subsidiaries or affiliates. 

  

	9.	 Protected Activity Not Prohibited. Nothing in this Agreement or in any other agreement between you or
the Company, as applicable, will in any way limit or prohibit you from engaging for a lawful purpose in any Protected Activity. For purposes of this Agreement, “Protected Activity” means filing a charge or complaint, or otherwise
communicating, cooperating, or participating with, any state, federal, or other governmental agency, including the U.S. Securities and Exchange Commission, the Equal Employment Opportunity Commission, and the National Labor Relations Board.
Notwithstanding any restrictions set forth in this Agreement, you understand that you are not required to obtain authorization from the Company prior to disclosing information to, or communicating with, such agencies, nor are you obligated to advise
the Company as to any such disclosures or communications. Notwithstanding, in making any such disclosures or communications, you agree to take all reasonable precautions to prevent any unauthorized use or disclosure of any information that

  
 -2- 

	 	
may constitute Confidential Information (within the meaning of the applicable Confidentiality Agreement) to any parties other than the relevant government agencies. You further understand that
“Protected Activity” does not include the disclosure of any Company attorney-client privileged communications, and that any such disclosure without the Company’s written consent will constitute a material breach of this Agreement. You
acknowledge that the Company has provided you with notice in compliance with the Defend Trade Secrets Act of 2016 regarding immunity from liability for limited disclosures of trade secrets. The full text of the notice is attached in Exhibit
C.

  

	10.	Miscellaneous. This Agreement, along with the Confidentiality Agreements, the Policy, the Participation Terms, and the arbitration agreement executed when you joined the Company, constitute the entire
agreement between you and the Company regarding the subject matters discussed herein, and they supersede all prior negotiations, representations or agreements between you and the Company. This Agreement may only be modified by a written
agreement signed by you and the Company’s Chief Executive Officer. 

 To accept the letter, please sign in the space indicated and return
it to the Company.
  

			
	Sincerely,
	
	BlackLine, Inc.
		
	By:	 	 /s/ Therese Tucker

		 	Therese Tucker
		 	Chief Executive Officer

 I have read and understood this Agreement and hereby acknowledge, accept and agree to the terms as set
forth herein and further acknowledge that no other commitments were made to me as part of my employment offer except as specifically set forth herein. 
  

					
	Date: September 29, 2016	 		 	 /s/ Karole Morgan-Prager

		 		 	Signature

  
 -3-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00262-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00262-of-00352.parquet"}]]