Document:

formbonusletter.htm

    

      Perficient,
        Inc.

      1120
        S.
        Capital of TX Hwy.

      Building
        3, Suite 220

      Austin,
        TX. 78746

      Phone:
        (512) 531-6000

      Fax:
        (512) 531-6011

      http://www.perficient.com

      

      Date

      Name

      Address

      Address

      

      Re:           Performance
        Award under the Perficient, Inc. Omnibus Incentive Plan

       

      Dear
        ___________________:

       

      The
        board
        of directors (“Board”) of Perficient, Inc. (the “Company”) has adopted the
        Perficient, Inc. Omnibus Incentive Plan (the “Plan”) for certain eligible
        employees of the Company.  You have been selected by the Compensation
        Committee of the Board (the “Committee”) to receive a Performance Award under
        the Plan.

       

      Your
        Performance Award will entitle you to receive up to ______% of your annual
        base
        salary of $_______________ (your “Target Bonus”) upon the attainment of the
        following fully diluted cash earnings per share (“CEPS”) targets and GAAP
        earnings per share (“GEPS”) targets:

       

      
        	
                CEPS
                  Targets

              	 
	
                First
                  Quarter 2007

              	
                $_____

              
	
                Second
                  Quarter 2007

              	
                $_____

              
	
                Third
                  Quarter 2007

              	
                $_____

              
	
                Fourth
                  Quarter 2007

              	
                $_____

              
	
                All
                  of 2007

              	
                $_____

              

      

      

      
        	
                GEPS
                  Targets

              	 
	
                First
                  Quarter 2007

              	
                $_____

              
	
                Second
                  Quarter 2007

              	
                $_____

              
	
                Third
                  Quarter 2007

              	
                $_____

              
	
                Fourth
                  Quarter 2007

              	
                $_____

              
	
                All
                  of 2007

              	
                $_____

              

      

      

      To
        receive your Target Bonus both the CEPS and GEPS targets set forth above
        must be
        achieved in each quarter in 2007.

       

      In
        addition, you will be entitled to receive up to an additional 50% of your
        Target
        Bonus to the extent the CEPS and GEPS targets are exceeded by up to 1.5 times
        the targets set forth above.  The amount of this additional bonus will
        be interpolated for targets achieved in excess of the targets set forth above
        up
        to 50% of your Target Bonus.

       

      The
        performance period with respect to your Performance Award is calendar year
        2007.  Your Performance Award will be paid following the end of the
        performance period but in no event later than March 15, 2008.  Payment
        of your Performance Award is contingent upon your continued employment with
        the
        Company up to the date of payment.  If your employment terminates for
        any reason prior to the date of payment of your Performance Award, you will
        forfeit the Performance Award in its entirety.

       

      This
        award is subject to the terms and conditions of the Plan including, but not
        limited to, the discretion of the Committee to reduce to a lesser amount
        the
        amount payable pursuant to your Performance Award notwithstanding the
        achievement of the targets set forth above (which reduction could equal 100%
        of
        the amount otherwise payable with respect to your Performance
        Award).

       

      If
        you
        have any questions regarding the Plan or this Performance Award please contact
        me at _______________________.

       

      Sincerely,

       

      

       

      ____________________Exhibit 10.47_Consulting Agreement_Marshall Cox

    

       

      Exhibit
        10.47

       

       

      CONSULTING
        AGREEMENT

       

      This
        Consulting Agreement (this “Agreement”)
        is
        entered into by and between Cytori Therapeutics, Inc., a Delaware corporation
        (the “Company”),
        and
        Marshall G. Cox (“Consultant”),
        effective as of May 3, 2007 (the “Retirement Date”).

       

      WHEREAS,
        Consultant is retiring and resigning from his positions as a Company director
        and employee, and

       

      WHEREAS,
        the Company wishes to honor Consultant with recognition as Chairman Emeritus
        and
        to retain access to his advice and counsel during a transition
        period.

       

      NOW,
        THEREFORE, in consideration of the foregoing and the mutual agreements set
        forth
        herein, the parties agree as follows.

       

      1. Consulting
        Relationship.
        During
        the term of this Agreement, Consultant will provide consulting
        services
        (the “Services”) on an as-needed basis to the Company as may be specified from
        time to time by the Company’s Chief Executive Officer (the “CEO”) as to scope,
        subject matter, timing, format and location, all in the CEO’s reasonable
        discretion. Notwithstanding the foregoing, Consultant will not be required
        to
        travel or to perform services in the Company’s offices, nor shall he be required
        to provide more than ten hours of service per month. Consultant generally
        will
        perform services in his own facility. When Consultant deems it necessary
        or
        appropriate to spend time in the Company’s facility, the Company will provide
        Consultant with space to work, but Consultant will not have a regularly assigned
        workspace. 

      

      2. Compensation.
        As
        consideration for the Services to be provided by Consultant, the Company
        shall
        pay to Consultant $5,000 per month, payable in arrears, during the term of
        this
        Agreement. Consultant shall be responsible for all taxes on such amount.
        The
        Company shall promptly reimburse Consultant for all reasonable out-of-pocket
        incurred in carrying out the Services requested pursuant to this Agreement,
        subject to documentation in accordance with the Company’s business expense
        reimbursement policy, as in effect from time to time.
        It is
        also understood and acknowledged that, during the term of this Agreement,
        and in
        accordance with the existing terms of the applicable stock option plans and
        agreements, Consultant’s outstanding stock options shall continue to vest and be
        exercisable.

       

      3 Term
        of Agreement.
        The
        term of this Agreement shall begin on the Retirement Date and end on March
        1,
        2009. The Company may terminate this Agreement prior to the expiration of
        such
        term only in the event that Consultant commits fraud in the commission of
        his
        Services on behalf of the Company hereunder, and has failed to cure such
        acts or
        failures to act which are alleged to constitute fraud within sixty days after
        receipt of written notice from the Company stating in detail the particular
        acts
        or failures to act that constitute the grounds on which the proposed termination
        is based. 

       

      4. Retirement.
        This
        Agreement constitutes Consultant’s retirement and resignation as a Company
        director and employee as of the Retirement Date. This
        Agreement also constitutes the Company’s appointment of Consultant as Chairman
        Emeritus for life effective upon the Retirement Date. The parties confirm
        that
        the position of Chairman Emeritus is an honorary, unpaid position and does
        not
        itself constitute Consultant an employee or consultant of the
        Company.

      

      5. Independent
        Contractor.
        Consultant’s relationship with the Company during the term of this Agreement
        will be that of an independent contractor and not that of a director, officer,
        employee or agent. During the term of this Agreement:

      

      (a) No
        Authority to Bind Company.
        Consultant has no authority to enter into contracts that bind the Company
        or
        create obligations on the part of the Company, and he agrees not to purport
        to
        do so.

      

      (b) No
        Benefits.
        Consultant acknowledges and agrees that Consultant will not, by virtue of
        this
        consultancy, be eligible for any Company employee benefits, except as provided
        under Sections 2, 6 and 10.

       

      6. Other
        Agreements.
        Except
        as otherwise specified in this Agreement, all agreements between the Company
        and
        Consultant pertaining to his service and compensation as an employee and/or
        director are hereby terminated by mutual agreement and without any further
        obligation of either party, with the exception of Consultant’s stock option
        agreements, any indemnification and/or insurance rights Consultant may have
        pursuant to the Company’s certificate of incorporation, bylaws or insurance
        policies for officers and directors liability (provided, that the Company
        shall
        have no obligation to purchase future directors and officers liability
        insurance, nor renew any directors and officers liability insurance, for
        the
        purpose of covering Consultant for periods after the Retirement Date or for
        maintaining the benefit of coverage under past or current policies), and
        any
        employee benefit plans or agreements the provisions of which will continue
        to
        govern the Consultant’s and the Company’s rights and obligations with respect to
        benefits accrued through the Retirement Date.

       

      7. Consulting
        or Other Services for Competitors.
        Consultant represents and warrants that Consultant does not presently perform
        or
        intend to perform, during the term of this Agreement, consulting or director
        or
        other services for, or engage in or intend to engage in an employment
        relationship with, companies whose businesses or proposed businesses in any
        way
        involve products or services which would be competitive with the Company’s
        regenerative-cell products or services. If, however, Consultant decides to
        do
        so, Consultant agrees that, in advance of accepting such work, Consultant
        will
        promptly notify the Company in writing, specifying the organization with
        which
        Consultant proposes to consult, provide services, or become employed
        by.

       

      8. The
        Employment, Confidentiality and Assignment Agreement.
        Consultant represents that, immediately before signing this Agreement, he
        has
        signed and delivered to the Company an Employment, Confidentiality and
        Assignment Agreement on the Company’s standard form of such agreement, and has
        dated it “May 3, 2007, as of July 31, 2000” (the “Confidentiality
        Agreement”). The Confidentiality Agreement remains in full force and effect, and
        will continue to persist during the term of and after the termination or
        expiration of this Consulting Agreement. In addition, Consultant and the
        Company
        mutually understand and agree that the terms of the Confidentiality Agreement
        shall also apply to and during the term of this Consulting Agreement, with
        all
        applicable changes to reflect and cover the fact that his service will be
        as a
        consultant rather than as an employee; provided, that this Consulting Agreement
        shall control in the event of any inconsistency between the provisions of
        the
        Confidentiality Agreement and this Consulting Agreement. (For example, Section
        3
        and the first paragraph of Section 4 of the Confidentiality Agreement shall
        be
        inapplicable during the term of consultancy.) Moreover, the Company further
        agrees that its remedies for any breach of the Confidentiality Agreement
        shall
        not include the right to terminate this Consulting Agreement due to such
        breach.
        Consultant confirms that his fiduciary duty as a director with regard to
        confidentiality of all confidential or proprietary information he learned
        in his
        capacity as a Company director persists even after his retirement and
        resignation from the Board of Directors and will continue to persist during
        the
        term of and after the termination or expiration of this Consulting
        Agreement.

       

      9. Works
        Made for Hire.
        All
        works of authorship created by Consultant in connection with the Services
        shall
        be deemed “works made for hire,” and shall be owned by the Company.

       

      10. Post-Employment
        Matters.

       

      (a) Salary
        and Vacation Time.
        The
        Company confirms its obligation to pay forthwith to Consultant all of his
        accrued base salary and his accrued and unused vacation/holiday/paid-time-off
        time through the date of this Agreement.

       

      (b) COBRA.
        The
        Company and Consultant acknowledge that the Company has provided Consultant
        with
        forms pursuant to which he may maintain his and his eligible dependents’
participation in the Company’s group health insurance plan pursuant to the terms
        of the Consolidated Omnibus Budget Reconciliation Act and corresponding
        provisions of state law (“COBRA”). If Consultant elects such coverage, he
        understands and agrees that he shall be fully responsible for making the
        necessary premium payments in order to continue such coverage. Nothing herein
        shall limit the right of the Company to change the provider and/or the terms
        of
        its group health insurance plans or other benefit plans at any time hereafter,
        nor its right to terminate any or all plans at any time hereafter.

       

      11. Dribble-Out.
        

       

      (a) Limitation.
        Consultant
        agrees that in each of the five successive three-month periods beginning
        immediately after the end of the (90-day) Lock-Up Period contemplated by
        his
        Lock-Up Agreement dated February 23, 2007 given to Piper Jaffray & Co. in
        connection with the Company’s February 2007 registered-direct offering (the
“Lock-Up
        Agreement”),
        he
        will sell no more than 160,000 shares of Company common stock in the three-month
        period. These 160,000 share amounts are not cumulative, e.g., it is not the
        case
        that if he sells no shares in the first three-month period he could sell
        up to
        320,000 shares in the second three-month period. 

       

      (b) Definition.
        This
        agreement not to “sell” means that Consultant agrees not to (and
        will
        cause the spouse and any immediate family member of Consultant
        or his spouse
        living in Consultant’s
        household not to) directly or indirectly, sell (including without limitation
        any
        short sale and also including without limitation any
        sale
        pursuant to a Rule 10b5-1 stock selling plan),
        offer,
        pledge, transfer, contract or grant any option to sell, establish an open
“put
        equivalent position” within the meaning of Rule 16a-1(h) under the Securities
        Exchange Act, or otherwise dispose of any shares of Common Stock, options
        or
        warrants to acquire shares of Common Stock, or securities exchangeable or
        exercisable for or convertible into shares of Common Stock currently or
        hereafter owned either of record or beneficially by Consultant
        (or
        such
        spouse or family member), or publicly announce an intention to do any of
        the
        foregoing, except as expressly allowed by this Section 11, during the
        (90-day) Lock-Up Period and also for
        the
        period commencing immediately
        after the end of the (90-day) Lock-Up Period contemplated by the Lock-Up
        Agreement and
        ending 15 months thereafter (the “Dribble-Out
        Period”).
         The
        foregoing sentence shall not apply to (i) any
        exercise of outstanding stock options; (ii)
        any
        transfer to the immediate family (for the purposes of this Agreement, “immediate
        family” shall mean any relationship by blood, marriage or adoption, no more
        remote than first cousin) of Consultant or to a trust the beneficiaries of
        which
        are exclusively Consultant and/or a member or members of his immediate family;
        or (iii) any transfer upon Consultant’s death; provided, however, that in any
        such case of item (ii) above it shall be a condition to such transfer that
        the
        transferee executes and delivers to the Company an agreement stating that
        the
        transferee is receiving and holding the Common Stock subject to the provisions
        of this Section 11, and there shall be no further transfer of such Common
        Stock
        during the Dribble-Out Period except in accordance with this Agreement (with
        all
        sales by Consultant and such item (ii) transferees within the same three-month
        period being combined). 

       

      (c) Stop
        Transfer.
        Consultant agrees
        and
        consents to the entry of stop transfer instructions with the Company’s transfer
        agent and registrar against the transfer of shares of Common Stock or securities
        convertible into or exchangeable or exercisable for Common Stock held by
        Consultant
        except
        in
        compliance with the foregoing restrictions.

       

      (d) Securities
        Law Compliance.
        Consultant acknowledges his responsibility to ensure that any and all sales
        by
        him comply not only with this Section 11 but also with all applicable securities
        laws and regulations.

       

      12. Miscellaneous.

       

      (a) Amendments
        and Waiver.
        Any
        term of this Agreement maybe amended or waived only with the written consent
        of
        the parties.

       

      (b) Sole
        Agreement.
        This
        Agreement constitutes the sole agreement of the parties, and (except to the
        extent specific other agreements are expressly provided for herein for
        preservation) supersedes all prior and contemporaneous negotiations, commitments
        and agreements, with respect to the subject matter hereof. For avoidance
        of
        doubt: the stock option and other agreements specified in Section 6, the
        Lock-Up
        Agreement dated February 23, 2007 given to Piper Jaffray & Co. in connection
        with the Company’s February 2007 registered-direct offering and, except as
        specifically provided herein, the Confidentiality Agreement, are not
        superseded.

       

      (c) Choice
        of Law.
        The
        validity, interpretation, construction and performance of this Agreement
        shall
        be governed by the laws of the State of California, without giving effect
        to the
        principles of conflict of laws.

       

      (d) Arbitration.
        Any
        dispute or claim arising out of or in connection with any provision of this
        Agreement will be finally settled by binding arbitration in Orange County,
        California, in accordance with the commercial arbitration rules of the American
        Arbitration Association by one arbitrator appointed in accordance with said
        rules. The arbitrator shall apply California law, without reference to rules
        of
        conflicts of law or rules of statutory arbitration, to the substantive
        resolution of any dispute. Judgment on the award rendered by the arbitrator
        may
        be entered in any court having jurisdiction thereof. Notwithstanding the
        foregoing, the parties may apply to any court of competent jurisdiction for
        preliminary or interim equitable relief, or to compel arbitration in accordance
        with this paragraph, without breach of this arbitration provision. This
        Section 12(d) shall not apply to the Confidentiality
        Agreement.

       

      (e) Advice
        of Counsel.
        Each
        party acknowledges that, in negotiating and executing this Agreement,
        (i) such party has had the right and the opportunity to seek the advice of
        independent legal counsel of his or its own choosing, (ii) such party has
        read and understood all of the terms and provisions of this Agreement, and
        (iii) Heller Ehrman LLP and Hayden Trubitt, and Jonathan Soneff, represent
        only the Company and did not represent and are not representing
        Consultant. The
        Company will reimburse Consultant for up to $5,000 in reasonable attorneys’ fees
        incurred by Consultant in connection with the negotiation and preparation
        of
        this Agreement and any related agreements contemplated hereunder.

       

      (f) Construction.
        This
        Agreement shall not be construed against either party by reason of who drafted
        or prepared it.

       

        (g) Notices.
          Every notice or other communication relating to this Agreement shall
          be in writing, and shall be mailed to or delivered to the party for whom
          it is
          intended at such address as may from time to time be designated by it in
          a
          notice mailed or delivered to the other party as herein provided, provided
          that,
          unless and until some other address be so designated, all notices or
          communications by Consultant to the Company shall be mailed or delivered
          to the
          Company at its principal executive office, and all notices or communications
          by
          the Company to Consultant may be given to Consultant personally or may
          be mailed
          to Consultant at the following address:

       

        Marshall
          G. Cox

      [address]

      [address]

       

        with
          a copy to: 

        Jorge
          del Calvo and Cindy V. Schlaefer

      Pillsbury
        Winthrop Shaw Pittman LLP

      2475
        Hanover Street

      Palo
        Alto, CA 94304

      

      
        
          
            

            

          

           

        

        
           

          
            

          

        

        
           

          
          

        

      

      

        Any
          notice so addressed shall be deemed
          to be given: (i) if delivered by hand, or by courier or overnight mail,
          on the
          date of such delivery; and (ii) if mailed by registered or certified mail,
          on
          the third business day after the date of such mailing.

      

       

      
        	 	 	
                CYTORI
                  THERAPEUTICS, INC.

              
	 	 	 
	 	 	 
	 	 	
                By:
                  /s/ Marc Hedrick

              
	 	 	 
	 	 	
                Title:
                  President

              
	 	 	 
	 	 	 
	 	 	
                MARSHALL G.
                  COX

              
	 	 	 
	 	 	 
	 	 	
                /s/
                  Marshall G. Cox

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