Document:

grub-ex102_157.htm

EXHIBIT 10.2

 

10/1/2010

 

Brandt Kucharski

[XXXX]

 

Dear Brandt:

Welcome to GrubHub. Congratulations on your position as Corporate Controller. In this position, you are a full-time, exempt employee and are eligible for benefits. The purpose of this letter is to confirm the terms of your employment with GrubHub, Inc. (the "Company").

Position: You will be employed by the Company as Corporate Controller and will report to the Company's VP of Finance. Your duties will be determined from time to time by the VP of Finance or by the Company's Managers or Board of Directors ("Board").

Effective Date: The terms of your employment as reflected herein are effective 10/18/2010 (the "Effective Date").

Base Salary: Beginning on the Effective Date, your annual salary rate will be one hundred and twenty five thousand dollars ($125,000), earned and payable in substantially equal installments in accordance with the Company's payroll policy. The Managers or Board will review your salary rate annually to consider increases, beginning with calendar year 2011.

Stock Options: The Company has established a non-qualified option plan under which to grant options to acquire non-voting membership Units in the Company. Such options are subject to vesting and have an exercise price equal to at least fair market value of the underlying Units as of the date of grant of the options. You must be employed by the Company, and you must execute the Company's form of option agreement in order to receive options, which will be subject to certain restrictions and repurchase rights. Your vesting will begin on the Effective Date of this letter, and you will receive 30,000 options.

Benefits: You will be entitled to participate in the benefit plans and programs generally available from time to time to employees of the Company, subject to the terms of such plans and programs. If you have any questions regarding these benefits, you may speak with Human Resources.

Additional Agreements: Per our conversation, you will receive one additional week of vacation time, accrued annually, for a total of three weeks of vacation time.

 

 

Employment Relationship: The terms of this agreement do not modify your employment-at-will relationship. It is expressly understood, therefore, that the Company may terminate your employment at any time for any reason not prohibited by law. Likewise, you are free to terminate your employment relationship at any time for any reason. Only the Board has the authority to alter, in writing, the terms of the at-will status of your employment relationship.

Protective Covenant: As a condition of your continued employment, you will be required to enter into a Protective Agreement. A copy of the Protective Agreement is enclosed and is incorporated herein by reference. You must also have informed us of, and provided us with copies of, any non-competition, confidentiality, work-for-hire or similar agreements to which you are subject or may be bound.

No Other Understandings: This letter, the Protective Agreement and any other agreements referenced therein set forth our entire agreement and understanding and supersede any and all other agreements, either oral or in writing (including, but not limited to, any agreement and/or understanding pertaining to equity ownership in the Company), between the Company, any of its shareholders, members, and/or principals and you.  No change to this letter will be valid unless in writing and signed by the Company and you.

Governing Law: This offer letter will be governed by and construed in accordance with the internal laws of the State of Delaware, which is the state of the Company's incorporation.

Please confirm your acceptance of these terms by signing on the space provided below and returning this letter to the Company.

 

GrubHub Inc.

By: Matt Maloney

Its: Chief Executive Officer

 

I hereby accept the terms and conditions discussed herein.

Signature:/s/ Brandt Kucharski

Print Name:Brandt Kucharski

Date:10/08/10epzm-ex101_9.htm

Exhibit 10.1

 

EPIZYME, INC.

STOCK OPTION AGREEMENT

Epizyme, Inc. (the “Company”) hereby grants the following stock option pursuant to its 2013 Stock Incentive Plan.  The terms and conditions attached hereto are also a part hereof.

Notice of Grant

 

		
	
Name of optionee (the “Participant”):
	
 

	
Grant Date:
	
 

	
Incentive Stock Option or Non-Qualified Stock Option:
	
 

	
Number of shares of the Company’s Common Stock subject to this option (“Shares”):
	
 

	
Option exercise price per Share:1
	
 

	
Vesting Start Date:
	
 

	
Final Exercise Date: 2
	
 

	
Vesting Schedule:
	
 

	
All vesting is dependent on the Participant remaining an Eligible Participant, as provided herein.

 

Please confirm your acceptance of this stock option grant and of the terms and conditions of this stock option agreement by signing a copy of this agreement where indicated below or by accepting this grant electronically.

 

	
Epizyme, Inc.

	
 
	
 

	
 
	
By:

	
 
	
Name of Officer:

	
 
	
Title:

 

 

	
Signature of Participant  

	
Name of Participant

	
Street Address

	
City/State/Zip Code

 

 

 

 

 

 

 

 

1.This must be at least 100% of the Grant Date Fair Market Value (as defined in the Plan) of the Common Stock on the date of grant (110% in the case of a Participant that owns more than 10% of the total combined voting power of all classes of stock of the Company or its parent or subsidiary (a “10% Shareholder”)) for the option to qualify as an incentive stock option (an “ISO”) under Section 422 of the Internal Revenue Code.

2The Final Exercise Date must be no more than 10 years (5 years in the case of a 10% Shareholder) from the date of grant for the option to qualify as an ISO.  The correct approach to calculate the final exercise date is to use the day immediately prior to the date ten years out from the date of the stock option award grant (5 years in the case of a 10% stockholder).  

 

Epizyme, Inc.

Stock Option Agreement

Incorporated Terms and Conditions

	
1.
	
Grant of Option.

This agreement evidences the grant by the Company, on the grant date (the “Grant Date”) set forth in the Notice of Grant that forms part of this agreement (the “Notice of Grant”), to the Participant of an option to purchase, in whole or in part, on the terms provided herein and in the Company’s 2013 Stock Incentive Plan (the “Plan”), the number of Shares set forth in the Notice of Grant of common stock, $0.0001 par value per share, of the Company (“Common Stock”), at the exercise price per Share set forth in the Notice of Grant.  Unless earlier terminated, this option shall expire at 5:00 p.m., Eastern time, on the Final Exercise Date set forth in the Notice of Grant (the “Final Exercise Date”).

The option evidenced by this agreement is intended to be an incentive stock option as defined in Section 422 of the Internal Revenue Code of 1986, as amended, and any regulations promulgated thereunder (the “Code”) to the maximum extent permitted by law, solely to the extent designated as an incentive stock option in the Notice of Grant.  Except as otherwise indicated by the context, the term “Participant”, as used in this option, shall be deemed to include any person who acquires the right to exercise this option validly under its terms.

	
2.
	
Vesting Schedule.

This option will become exercisable (“vest”) in accordance with the vesting schedule set forth in the Notice of Grant.  Any fractional number resulting from the vesting schedule set forth in the Notice of Grant shall be rounded down to the nearest whole number except with respect to the last vesting period.

The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan.

	
3.
	
Exercise of Option.

(a)Form of Exercise.  Each election to exercise this option shall be in writing, in the form of the Stock Option Exercise Notice attached as Annex A, signed by the Participant, and received by the Company at its principal office, accompanied by this agreement, or in such other form (which may be electronic) as is approved by the Company, together with payment in full in the manner provided in the Plan.  The Participant may purchase less than the number of shares covered hereby, provided that no partial exercise of this option may be for any fractional share.

(b)Continuous Relationship with the Company Required.  Except as otherwise provided in this Section 3, this option may not be exercised unless the Participant, at the time he or she exercises this option, is, and has been at all times since the Grant Date, an employee, director or officer of, or consultant or advisor to, the Company or any other entity the employees, officers, directors, consultants, or advisors of which are eligible to receive option grants under the Plan (an “Eligible Participant”).

(c)Termination of Relationship with the Company.  If the Participant ceases to be an Eligible Participant for any reason, then, except as provided in paragraphs (d) and (e) below, the right to exercise this option shall terminate three months after such cessation (but in no event after the Final Exercise Date), provided that this option shall be exercisable only to the extent that the Participant was entitled to exercise this option on the date of such cessation.  Notwithstanding the foregoing, if the Participant, prior to the Final Exercise Date, violates the restrictive covenants (including, without limitation, the non-competition, non-solicitation, or confidentiality provisions) of any employment contract, any non-competition, non-solicitation, confidentiality or assignment agreement to which the Participant is a party, or any other agreement between the Participant and the Company, the right to exercise this option shall terminate immediately upon such violation.

 

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(d)Exercise Period Upon Death or Disability.  If the Participant dies or becomes disabled (within the meaning of Section 22(e)(3) of the Code) prior to the Final Exercise Date while he or she is an Eligible Participant and the Company has not terminated such relationship for “cause” as specified in paragraph (e) below, this option shall be exercisable, within the period of one year following the date of death or disability of the Participant, by the Participant (or in the case of death by an authorized transferee), provided that this option shall be exercisable only to the extent that this option was exercisable by the Participant on the date of his or her death or disability, and further provided that this option shall not be exercisable after the Final Exercise Date.

(e)Termination for Cause.  If, prior to the Final Exercise Date, the Participant’s employment or other relationship is terminated by the Company for Cause (as defined below), the right to exercise this option shall terminate immediately upon the effective date of such termination of employment or other relationship.  If, prior to the Final Exercise Date, the Participant is given notice by the Company of the termination of his or her employment or other relationship by the Company for Cause, and the effective date of such employment or other termination is subsequent to the date of delivery of such notice, the right to exercise this option shall be suspended from the time of the delivery of such notice until the earlier of (i) such time as it is determined or otherwise agreed that the Participant’s employment or other relationship shall not be terminated for Cause as provided in such notice or (ii) the effective date of such termination of employment or other relationship (in which case the right to exercise this option shall, pursuant to the preceding sentence, terminate upon the effective date of such termination of employment or other relationship).  If the Participant is subject to an individual employment, consulting or severance agreement with the Company or eligible to participate in a Company severance plan or arrangement, in any case which agreement, plan or arrangement contains a definition of “cause” for termination of employment or other relationship, “Cause” shall have the meaning ascribed to such term in such agreement, plan or arrangement.  Otherwise, “Cause” shall mean willful misconduct by the Participant or willful failure by the Participant to perform his or her responsibilities to the Company (including, without limitation, breach by the Participant of any provision of any employment, consulting, advisory, nondisclosure, non-competition or other similar agreement between the Participant and the Company), as determined by the Company, which determination shall be conclusive.  The Participant’s employment or other relationship shall be considered to have been terminated for Cause if the Company determines, within 30 days after the Participant’s resignation, that termination for Cause was warranted.

	
4.
	
Tax Matters.

(a)Withholding.  No Shares will be issued pursuant to the exercise of this option unless and until the Participant pays to the Company, or makes provision satisfactory to the Company for payment of, any federal, state or local withholding taxes required by law to be withheld in respect of this option.

(b)Disqualifying Disposition.  If this option is an incentive stock option and the Participant disposes of Shares acquired upon exercise of this option within two years from the Grant Date or one year after such Shares were acquired pursuant to exercise of this option, the Participant shall notify the Company in writing of such disposition.

	
5.
	
Transfer Restrictions.

This option may not be sold, assigned, transferred, pledged, encumbered or otherwise disposed of by the Participant, either voluntarily or by operation of law, except by will or the laws of descent and distribution, and, during the lifetime of the Participant, this option shall be exercisable only by the Participant.

	
6.
	
Provisions of the Plan.

This option is subject to the provisions of the Plan (including the provisions relating to amendments to the Plan), a copy of which is furnished to the Participant with this option.

 

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ANNEX A

Epizyme, Inc.

Stock Option Exercise Notice

Epizyme, Inc. 

400 Technology Square

Cambridge, MA 02139

Dear Sir or Madam:

I,                                      (the “Participant”), hereby irrevocably exercise the right to purchase                shares of the Common Stock, $0.0001 par value per share (the “Shares”), of Epizyme, Inc. (the “Company”) at $               per share pursuant to the Company’s 2013 Stock Incentive Plan and a stock option agreement with the Company dated                (the “Option Agreement”).  Enclosed herewith is a payment of $              , the aggregate purchase price for the Shares.  The certificate for the Shares should be registered in my name as it appears below or, if so indicated below, jointly in my name and the name of the person designated below, with right of survivorship.

 

	
Dated:
	
 
	
 

	
 

	
 

	
Signature

	
Print Name:

	
Address:

	
 

	
 

 

Name and address of persons in whose name the Shares are to be jointly registered (if applicable):

 

	
	
 

 

 

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