Document:

EX-10.6

 Exhibit 10.6 

March 3, 2021 
 CONFIDENTIAL 

David Baszucki 
 Re: Confirmatory Employment Letter 

Dear David: 
 This letter agreement (the
“Agreement”) is entered into between David Baszucki (“you”) and Roblox Corporation (“Roblox” or the “Company”) effective as of February 21, 2021 (the “Effective
Date”), to confirm the terms and conditions of your employment with the Company as of the Effective Date. This Agreement amends and restates in its entirety the letter agreement entered into between you and the Company effective as of
November 20, 2020 (the “Prior Agreement”). 
 1. Title; Position. Your position will continue to be our Founder,
President, Chief Executive Officer and Chair, and you will continue to report to the Company’s Board of Directors. This is a full-time position. While you render services to the Company, you agree that you will not engage in any other
employment, consulting, or other business activity (whether full-time or part-time) that would create a conflict of interest with the Company. By signing this Agreement, you confirm to the Company that you have no contractual commitments or other
legal obligations that would prohibit you from performing your duties for the Company. 
 2. Cash Compensation. Your current annual base
salary is $800,000, payable in accordance with the Company’s standard payroll schedule. Effective as of the date the Company’s registration statement on Form S-1 is declared effective by the
Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended, with respect to shares of the Company’s Class A Common Stock to be traded on any established stock exchange or a national market system (the
“IPO Date”), your annual base salary will be reduced to $0. 
 3. Employee Benefits. As a regular employee of the Company,
you will continue to be eligible to participate in a number of Company-sponsored benefits, subject to satisfying any eligibility requirements. In addition, you will continue to be entitled to paid vacation in accordance with the Company’s
vacation policy, as in effect from time to time. The Company reserves the right to modify, amend, suspend, or terminate the benefit plans, programs, and policies it offers to its employees at any time. 

4. Equity Awards. You recently were granted an award of restricted stock units covering a maximum number of 11,500,000 shares of the
Company’s Class A Common Stock under the Company’s Amended and Restated 2017 Equity Incentive Plan (the “CEO Performance Award”). The Company intends that the CEO Performance Award will be the exclusive cash and
equity compensation that you will receive from the Company through 2027, unless there are unexpected changes in our business or other unforeseen factors that the Company’s Board of Directors or its Compensation Committee determine would merit
providing additional cash or equity compensation opportunities to you. 
 5. Severance. You and the Company entered into a Change in Control
Severance Agreement effective as of November 20, 2020 (the “Severance Agreement”) and the Severance Agreement will remain in effect 

 
in accordance with its terms following the Effective Date. Following the IPO Date, and for purposes of calculating any severance benefits pursuant to Section 3 of the Severance Agreement,
references to “Salary” in the Severance Agreement will mean the greater of $800,000 or such amount determined in accordance with the definition of “Salary” set forth in the Severance Agreement. 

6. Proprietary Information. Like all Company employees, you were required, as a condition of your employment with the Company, to sign the
Company’s standard At Will Employment, Confidential Information, Invention Assignment, and Arbitration Agreement (the “Confidential Information Agreement”) and your acceptance of this Agreement confirms that the terms of the
Confidential Information Agreement you previously signed with the Company still apply. The Company respects the right of every employer to protect its confidential and proprietary information. You therefore agree to continue to abide by the
Company’s strict policy that prohibits any employee from using, disclosing, or bringing with them from any prior employer any confidential information, trade secrets, proprietary materials, or processes of such former employers. You hereby
represent that you have returned all property and confidential information belonging to any prior employers. 
 7. Employment Relationship.
Employment with the Company is for no specific period of time. Your employment with the Company will continue to be “at will,” meaning that either you or the Company may terminate your employment at any time and for any reason, with or
without cause. Any contrary representations that may have been made to you are superseded by this Agreement. This is the full and complete agreement between you and the Company on this term. Although your job duties, title, compensation, and
benefits, as well as the Company’s personnel policies and procedures, may change from time to time, the “at will” nature of your employment may only be changed in an express written agreement signed by you and a duly authorized
officer of the Company (other than you). 
 8. Withholding Taxes. All forms of compensation referred to in this Agreement are subject to
reduction to reflect applicable withholding and payroll taxes and other deductions required by law. 
 9. Protected Activity Not
Prohibited. Nothing in this Agreement or in any other agreement between you and 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, complaint, or report with, or otherwise communicating, cooperating, or participating in any investigation or proceeding that may be conducted by, any state, federal, or local
governmental agency or commission, including the U.S. Securities and Exchange Commission, the Equal Employment Opportunity Commission, the Occupational Safety and Health Administration, and the National Labor Relations Board (the “Government
Agencies”). You understand that in connection with such Protected Activity, you are permitted to disclose documents or other information as permitted by law, and without giving notice to, or receiving authorization from, the Company.
Notwithstanding the foregoing, you agree to take all reasonable precautions to prevent any unauthorized use or disclosure of any information that may constitute Company confidential information under the Confidential Information Agreement to any
parties other than the Government Agencies. You further understand that “Protected Activity” does not include the disclosure of any Company attorney-client privileged communications. Any language in the Confidential Information
Agreement regarding your right to engage in Protected Activity that conflicts with, or is contrary to, this paragraph is superseded by this Agreement. In addition, pursuant to the Defend Trade Secrets Act of 2016, you are notified that an individual
will not be held criminally or civilly liable under any federal or state trade secret law for the disclosure of a trade secret that (i) is made in confidence to a federal, state, or local government official (directly or indirectly) or to an
attorney solely for the purpose of reporting or investigating a suspected violation of law, or (ii) is made in a complaint or other document filed in a lawsuit or other proceeding, if (and only if) such filing is made under seal. In
addition, an individual who files a lawsuit for retaliation by an employer for reporting a suspected violation of law may disclose the trade secret to the individual’s attorney and use the trade secret information in the court proceeding, if
the individual files any document containing the trade secret under seal and does not disclose the trade secret, except pursuant to court order. 

 10. Interpretation, Amendment, and Enforcement. This Agreement along with the Confidential
Information Agreement and the Severance Agreement constitute the complete agreement between you and the Company, contain all of the terms of your employment with the Company and supersede any prior agreements, representations, or understandings
(whether written, oral, or implied) between you and the Company. This Agreement may not be amended or modified, except by an express written agreement signed by both you and a duly authorized officer of the Company. The terms of this Agreement and
the resolution of any disputes as to the meaning, effect, performance, or validity of this Agreement or arising out of, related to, or in any way connected with, this Agreement, your employment with the Company, or any other relationship between you
and the Company (the “Disputes”) will be governed by California law, excluding laws relating to conflicts or choice of law. You and the Company submit to the exclusive personal jurisdiction of the federal and state courts located in
California in connection with any Dispute or any claim related to any Dispute. 
 To confirm the current terms and conditions of your employment, please
sign and date in the spaces indicated and return this Agreement to the Company. 
  

			
	Sincerely,
	
	Roblox Corporation
		
	By:	 	/s/ Mark Reinstra
		 	Mark Reinstra
		 	General Counsel

 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 except as specifically set forth herein. 
  

							
	Date: March 3, 2021	 		 		 	/s/ David Baszucki
		 		 		 	Signaturenktx-ex101_7.htm

 

Exhibit 10.1

 

NKARTA, INC.

DIRECTOR COMPENSATION POLICY

(As Amended March 24, 2021)

Directors of Nkarta, Inc., a Delaware corporation (the “Company”), who are not employed by the Company or one of its subsidiaries (“Non-Employee Directors”) are entitled to the compensation set forth below for their service as a member of the Board of Directors (the “Board”) of the Company.  This policy is effective as of the date of the initial public offering of the Company’s common stock (the “Effective Date”).  The Board (or any committee of the Board within the authority delegated to it) has the right to amend this policy from time to time.

Cash Compensation

 

		
	
Annual Retainer
	
$35,000

	
Additional Board Chair/Lead Independent Director Retainer
	
$30,000

	
Additional Committee Chair Retainers:
	
 

	
Audit Committee Chair
	
$15,000

	
Compensation Committee Chair
	
$10,000

	
Nominating and Governance Committee Chair
	
$8,000

	
Additional Committee Retainers:
	
 

	
Audit Committee 
	
$7,500

	
Compensation Committee 
	
$5,000

	
Nominating and Governance Committee  
	
$4,000

 

The retainers set forth above are expressed as annualized amounts.  These retainers will be paid on a quarterly basis, in arrears after the end of each fiscal quarter, to the Non-Employee Directors serving on the Board (or in the applicable position, in the case of the Additional Board Chair/Lead Independent Director Retainer or an Additional Committee or Committee Chair Retainer) during such fiscal quarter.  Retainers for the fiscal quarter in which the Effective Date occurs will be paid on a pro-rated basis.  If an individual serves as a Non-Employee Director, Chair of the Board or lead independent director, or Chair or member of a Board committee, as the case may be, for only a portion of a fiscal quarter, the Non-Employee Director will be paid a pro-rata portion of the applicable retainer for such quarter based on the time the individual served in the applicable position.

 

Equity Compensation

Annual Equity Awards for Continuing Board Members 

Commencing in 2021, on the date of each annual meeting of the Company’s stockholders at which one or more directors are to be elected to the Board, each Non-Employee Director continuing in office after that date will be granted an award of Company stock options (“Options”) having a grant date fair value equal to approximately $270,000 (the “Grant Date Value”); provided, however, that the Grant Date Value will be multiplied by the Pro-Rata Fraction (as defined below) in the case of such an award to a Non-Employee Director whose initial appointment or election to the Board occurred after (a) in the case of such an award in connection with the Company's 2022 annual meeting of stockholders or any subsequent annual meeting of stockholders, the date of the immediately preceding annual meeting of the Company's stockholders at which one or more directors were elected to the Board (for example, in the case of such an award in connection with the Company's 2022 annual meeting of stockholders, as to a Non-Employee Director whose initial appointment or election to the Board occurred after the date of the Company's 2021 annual meeting 

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of stockholders), or (b) in the case of such an award in connection with the Company's 2021 annual meeting of stockholders, July 9, 2020.  The "Pro-Rata Fraction" is a fraction (not greater than one), the numerator of which is the total number of days in the period of time commencing with the date that the Non-Employee Director was first elected or appointed to the Board through and including the date of the annual meeting of the Company's stockholders at which the award in question is to be granted, and the denominator of which is the total  number of days in the period of time commencing with the date of the immediately preceding annual meeting of the Company's stockholders at which one or more directors were elected to the Board (or, in the case of an award granted in connection with the Company's 2021 annual meeting of stockholders, commencing with July 9, 2020) through and including the date of the annual meeting of the Company's stockholders at which the award in question is to be granted.  

Each such award of Options will be scheduled to vest on the first to occur of (i) the first anniversary of the date of grant of the award, or (ii) on the day immediately preceding the first annual meeting of the Company's stockholders to occur after the date of grant of the award.

Initial Equity Awards

Each new Non-Employee Director appointed or elected to the Board after the Effective Date will (unless otherwise provided by the Board) be granted, on the date that the new Non-Employee Director first becomes a member of the Board, an award of Options having a grant date fair value equal to approximately $540,000.  Each such award of Options will be scheduled to vest as to one-third of the Options subject to the award on each of the first, second and third anniversaries of the date of grant of the award.

Notwithstanding anything to the contrary herein, if a Non-Employee Director is first elected to the Board at an annual meeting of the Company's stockholders, the Non-Employee Director will be entitled to an initial equity award pursuant to the immediately preceding paragraph but will not (unless otherwise provided by the Board) be eligible for an annual equity award in connection with that annual meeting.  Unless otherwise provided by the Board, an employee or former employee of the Company or one of its subsidiaries who ceases or has ceased to be so employed and becomes a Non-Employee Director will not be eligible for an initial equity award grant pursuant to the immediately preceding paragraph, but will be eligible for cash compensation and annual equity awards on the same basis as other Non-Employee Directors.

Provisions Applicable to All Non-Employee Director Equity Awards

Each Option granted to a Non-Employee Director will be granted under and subject to the terms and conditions of the Company’s 2020 Performance Incentive Plan or any successor equity compensation plan approved by the Company’s stockholders and in effect at the time of grant.  

Unless otherwise provided by the Board in connection with a particular award, each award of Options granted to a Non-Employee Director will have a maximum term of 10 years, will vest (to the extent then outstanding and otherwise unvested) should a change in control of the Company occur (as defined in the applicable award agreement), and will be evidenced by and subject to the terms and conditions of the Company’s standard form of stock option award agreement for Non-Employee Director stock option grants as in effect on the date of grant of the award.  The per share exercise price of each Option granted to a Non-Employee Director will equal the closing price of a share of Company common stock on the date of grant of the award (or, if such date of grant is not a trading day, the closing price of a share of Company common stock on the last trading day immediately preceding the date of grant of the Award), with such exercise price and the number of shares subject to the award subject to adjustment for stock splits and similar events as provided in the applicable stock option award agreement.

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The Board (or any committee of the Board within the authority delegated to it) may approve other grants of equity-based awards to Non-Employee Directors from time to time, on such terms as the Board (or committee) may determine and subject to the applicable provisions of the Company’s equity compensation plan then in effect.

Expense Reimbursement.  All Non-Employee Directors will be entitled to reimbursement from the Company for their reasonable travel (including airfare and ground transportation), lodging and meal expenses incident to meetings of the Board or committees thereof or in connection with other Board-related business.  The Company will make reimbursement to a non-employee director within a reasonable amount of time following submission by the non-employee director of reasonable written substantiation for the expenses.

 

 

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