Document:

EX-10.07

 Exhibit 10.07 

 
 

 
 CHEGG, INC. 

3990 Freedom Circle 

Santa Clara, CA 95054 

November 29, 2012 
 Dan Rosensweig

 Dear Dan, 

Pursuant to the offer letter dated December 3, 2009, which was accepted by you on December 5, 2009 (the “Offer
Letter”), Chegg, Inc. (the “Company”) agreed to provide you with, among other things, a lump sum payment equal to your then-current annual base salary, payable no later than thirty days following your delivery of an executed
release to the Company, if you resign your employment with the Company for Good Reason (as defined in the Offer Letter). In order to comply with Section 409A of the Internal Revenue Code of 1986, as amended, you and the Company now desire to
amend the Offer Letter. Accordingly, by countersigning below, you agree that the Offer Letter is hereby amended by deleting the phrase “payable no later than thirty (30) days following your execution of the Release and delivery of that
Release to the Company” and replacing it with “payable within 60 days of the date that your employment terminates, provided the Release has been executed, delivered to the Company and is effective on or prior to such date, and provided
further that if the 60-day period spans two calendar years, payment will be made in the second calendar year.” Except as explicitly modified by this Amendment, all terms, conditions and provisions of the Agreement shall continue in full force
and effect. 
  

			
	Very truly yours,
	
	CHEGG, INC.
		
	By:	 	 /s/ Andy Brown

		 	Andy Brown, Chief Financial Officer

 ACCEPTED AND AGREED TO: 
  

	
	 /s/ Dan Rosensweig

	 Dan Rosensweig

	
	 11/29/12

	 DateEX-10.08

 Exhibit 10.08 

 
 

 
 September 9, 2009 
 Mike Osier 
 Dear Mike, 
 Chegg, Inc. (the “Company”) is pleased to offer you employment on the following terms: 

Position: Your initial title will be VP of Operations and IT and you will report to Chegg’s CTO, Chuck Geiger. This is a
full-time exempt position. While you render services to the Company, 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 letter 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. 

 

	1.	Start Date and Place of Employment: Your first day of employment (“Start Date”) at the Company will be October 1, 2009. You will be working
at Chegg’s headquarter offices located at 2350 Mission College Blvd. Suite 1400, Santa Clara, CA 95054. 

  

	2.	Cash Compensation: 

  

	 	•	 	 Base Compensation. The Company will pay you a starting salary at the rate of $210,000 per year, payable in accordance with the
Company’s standard payroll schedule currently paid on the 1st and 15th of every month. 

  

	 	•	 	 Performance Bonus. You may also be eligible for an annual performance bonus of 30% of your annual salary based upon achieving company and
individual objectives. The timing and amount of the bonus payment(s) will be at the discretion of your manager. The objectives for the performance bonus will be developed by you and your manager, but subject to your manager’s final approval.

  

	 	•	 	 Involuntary Termination. In the event you are subject to an involuntary termination (as defined in Section 8) Chegg will pay you a cash
severance amount equal to six (6) months’ base salary. 

  

	3.	Employment Benefits: As a regular employee of the Company, you will be eligible to participate in a number of Company-sponsored benefits. In addition, you will
be entitled to paid vacation in accordance with the Company’s vacation policy, as in effect from time to time. You will be eligible to participate in Chegg’s Health Insurance Program beginning October 1, 2009. The terms and
conditions of specific benefits, such as health insurance, are governed by the plan documents. 

  

	4.	 Stock Options: Subject to the approval of the Company’s Board of Directors, you will be granted an option to purchase 500,000 shares
of the Company’s Common Stock. The exercise price per share will be equal to the fair market value per share on the date the option is granted. The option will be subject to the terms and conditions granted under the Company’s Stock Plan
(the “Plan”), as described in the Plan and the applicable Stock Option 

  
 

 

 

 
  

	 	Agreement. You will vest in 25% of the option shares after 12 months of continuous service, and the balance will vest in equal monthly installments over the next 36
months of continuous service, as described in the applicable Stock Option Agreement. 

  

	5.	Proprietary Information and Inventions Agreement: Like all Company employees, you will be required, as a condition of your employment with the Company, to sign
the CHEGG, INC. CONFIDENTIALITY AGREEMENT and the CHEGG, INC. INTELLECTUAL PROPERTY RIGHTS AGREEMENT, copies of which are attached hereto. 

  

	6.	Employment Relationship: Employment with the Company is for no specified period of time. Your employment with the Company will 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 letter agreement. 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). 

  

	7.	Withholding Taxes: All forms of compensation referred to in this letter agreement are subject to reduction to reflect applicable withholding and payroll taxes
and other deductions required by law. 

  

	8.	Definitions: The following term have the meaning set forth below wherever they are used in this letter agreement: 

“Cause” means (a) your unauthorized use or disclosure of the Company’s confidential information or trade
secrets, which use or disclosure causes material harm to the Company, (b) your material breach of any agreement between you and the Company, (c) your material failure to comply with the Company’s written policies or rules,
(d) your conviction of, or your plea of “guilty” or “no contest” to a felony under the laws of the United States or any state, (e) your gross misconduct, (f) your continuing failure to perform reasonable assigned
duties after receiving written notification of the failure from your hiring manager or (g) your failure to cooperate in good faith with a governmental or internal investigation of the Company or its directions, officer or employees, if the
Company has requested your cooperation. 
 “Involuntary Termination” means involuntary discharge by the Company
for reasons other than Cause. 
 ****** 
 We hope that you will accept our offer to join the Company. You may indicate your agreement with these terms and accept this offer by signing and dating the enclosed original and duplicate of this letter
agreement and the enclosed Proprietary Information and Inventions Agreement and returning them to Carlo Vera Cruz of Human Resources. This offer is subject to completion of positive feedback from professional references. This offer, if not
accepted, will expire at the close of business on September 11 , 2009. As required by law, your employment with the Company is contingent upon your providing legal proof of your identity and authorization to work in the United States
within 72 hours of your start date. 

  
 

 

 

 
  

 We look forward to working with you and hope that your work at Chegg is a rewarding experience.

 If you have any questions, please call me at 408-855-4400. 

 

			
	Very truly yours,
	CHEGG, INC.
	
	 /s/ Jim Safka

	By:	 	Jim Safka
	Title:	 	Chief Executive Officer

 I have read and accept this employment offer: 

 

			
	Signature of employee:	 	 Michael Osier

					
		
	Dated:	 	 9/11/09EX-10.09

 Exhibit 10.09 

February 19th, 2008 

Mr. Nathan Schultz 
 Dear Nathan:

 Chegg, Inc., is pleased to offer you the position of Director of Textbook Strategy and BD. In this position you will be
reporting to Osman Rashid, CEO. The starting salary offered for this position is $125,000.00 ($150,000.00 when you move to CA) annually, paid on the 1st and l5th of every month. In addition you will qualify for a performance bonus of $15,000 that will be provided based on a
mutually agreed upon performance plan finalized by March 10th 2008. The performance plan will be based on quantitative and qualitative objectives. You will also be granted options equal to 0.7% of the company shares of Stock Options at an exercise price of $0.08
per option. Your start date with Chegg, Inc., will be March l5th, 2008 and you will be working from our headquarters at 4655 Old Ironsides Road, Suite 130 Santa Clara CA 95054 or subsequent relocation. The position of Director requires you to cover all aspects of
textbook domain expertise such as product and partner strategy, competition, business development, textbook sourcing/acquisition and other tasks as assigned by your manager. 
 Please note that your employment with the Company is for no specified period and constitutes “at will” employment. As a result, you are free to resign at any time, for any reason or for no
reason. Similarly, the Company is free to terminate its employment relationship with you at any time, with or without cause. 
 Your acceptance
of this offer and commencement of employment with the Company are contingent upon your execution of the Company’s standard form of Confidential Information and Invention Assignment Agreement (the Confidentiality Agreement), a copy of which will
be made available for your review and execution, prior to or on your Start Date. 
 On your week of employment, you will be
provided with additional information about the objectives and policies, benefit programs and general employment conditions. To fulfill federal identification requirements, you should bring documentation to support your identity and eligibility to
work in the United States. You will be eligible to participate in Chegg’s Health Insurance program on
April 1st, 2008. 

We are pleased to have you join the Chegg, Inc. team as a member of what we feel is an organization that offers each employee an opportunity for personal
and professional development. If you have any questions, please do not hesitate to contact me at (408)373-8033. We look forward to working with you in the future, and hope you will find your employment at Chegg, Inc. a rewarding experience.

  

									
	CHEGG, INC. ACCEPTED AND AGREED:
					
	By:	 	 /s/ Osman Rashid
	 		 	By:	 	 /s/ Nathan Schultz

		 	Osman Rashid	 		 		 	Nathan Schultz
		 	President and CEO	 		 		 	
					
	Date:	 	 2/22/08
	 		 	Date:	 	 1/22/08

  

					
	Copyright 2008 Chegg, Inc.	 	CONFIDENTIAL	 	1

 CHEGG, INC. 
 EXEMPT EMPLOYEE LETTER AGREEMENT 
 Dear Mr. Nathan Schultz: 

This letter sets forth the basic terms and conditions of your employment with Chegg, Inc., a Delaware corporation (the
“Company”), effective March 17th, 2008. By
signing this letter, you will be agreeing to these terms. It is important that you understand clearly both what your benefits are and what is expected of you by the Company. 

 

	1.	 Salary. You will be paid a monthly base salary of $125,000.00, less regular payroll deductions, (payable as $5,208.33 semi-monthly) plus
performance bonuses (bonus not guaranteed) which covers all hours worked. Your salary will increase to $150,000 (payable as $6,250.00 semi–monthly) once you have taken permanent residence in the Bay Area, CA. Generally, your salary will be
reviewed annually but the Company reserves the right to change your compensation from time to time on reasonable notice. You will receive an additional $15,000 in bonus for meeting MBOs. Such MBOs will be agreed in writing by April 15th, 2008. 

 

	2.	Duties. Your job title will be Director of Textbook Strategy. Your duties generally will be in the areas of business strategy and product management, but you may
be assigned other duties as needed and your duties may change from time to time on reasonable notice, based on the needs of the Company and your skills, as determined by the Company. 

As an exempt employee, you are required to exercise your specialized expertise, independent judgment and discretion to provide
high-quality services. You are required to follow office policies and procedures adopted from time to time by the Company and to take such general direction as you may be given from time to time by your superiors. The Company reserves the right to
change these policies and procedures at any time. (Also see Adjustments and Changes in Employment Status). You are required to devote your full energies, efforts and abilities to your employment, unless the Company expressly agrees otherwise. You
are not permitted to engage in any business activity that competes with the Company. 
  

	3.	Hours of Work. As an exempt employee, you are expected to work the number of hours required to get the job done. However, you are generally expected to be
present during normal working hours of the Company. Normal working hours will be established by the Company and may be changed as needed to meet the needs of the business. 

 

	4.	Adjustments and Changes in Employment Status. You understand that the Company reserves the right to make personnel decisions regarding your employment, including
but not limited to decisions regarding any promotion, salary adjustment, transfer or disciplinary action, up to and including termination, consistent with the needs of the business. 

	5.	Proprietary Information and Inventions Agreement. You will be required to sign and abide by the terms of the enclosed Proprietary Information and Inventions
Agreement, which is incorporated into this agreement by reference as Exhibit A. 

  

	6.	Immigration Documentation. Please be advised that your employment is contingent on your ability to prove your identity and authorization to work in the U.S. for
the Company. You must comply with the Immigration and Naturalization Service’s employment verification requirements. 

  

	7.	Representation and Warranty of Employee. You represent and warrant to the Company that the performance of your duties will not violate any agreements with or
trade secrets of any other person or entity. 

  

	8.	Employee Benefits. You will be eligible for paid vacation, sick leave and holidays. You will be eligible to participate in the Company’s profit sharing
plan, pursuant to the terms of the plan. These benefits may change from time to time. You will be covered by workers’ compensation insurance and State Disability Insurance, as required by state law. 

 

	9.	Additional Benefits, If Any. You will be provided with the following additional benefits, which may also change from time to time: 161,681 Stock Options
(equivalent to 0.7% of shares) that vest over 4 years and such documentation will be provided within eight weeks. 

  

	10.	Term of Employment. Your employment with the Company is “at-will.” In other words, either you or the Company can terminate your employment at any time
for any reason, with or without cause and with or without notice. 

 If you are terminated without cause, you will
receive two weeks’ notice or one week’s pay in lieu of notice. Termination for cause requires no notice and no additional pay. 
  

	11.	Dispute Resolution Procedure. You will be required to sign and abide by the terms of an arbitration agreement, which is incorporated into this agreement by
reference. 

  

	12.	Integrated Agreement. Please note that this Agreement supersedes any prior agreements, representations or promises of any kind, whether written, oral, express or
implied between the parties hereto with respect to the subject matters herein, [including but not limited to the employment agreement you signed on             ]. It constitutes the
full, complete and exclusive agreement between you and the company with respect to the subject matters herein. This agreement cannot be changed unless in writing, signed by you and the President. 

 

	13.	Severability. If any term of this Agreement is held to be invalid, void or unenforceable, the remainder of this Agreement shall remain in full force and effect
and shall in no way be affected; and, the parties shall use their best efforts to find an alternative way to achieve the same result. 

 We look forward to your joining our organization. In order to confirm your agreement with
and acceptance of these terms, please sign one copy of this letter and return it to me. The other copy is for your records. If there is any matter in this letter which you wish to discuss further, please do not hesitate to speak to me. 

 

			
	Very truly yours,
	
	CHEGG, INC.
		
	By:	 	 /s/ Osman Rashid

		
	Title:	 	 President and CEO

 I agree to the terms of employment set forth in this Agreement. 

 

					
	 /s/ Nathan Schultz
	 		 	 3/17/08

	Employee	 		 	Date

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