Document:

Offer Letter

 Exhibit 10.3 
 December 7, 2000 
 Philippe F. Courtot 

[Address] 
 Dear Philippe: 

This letter reflects the agreement between you and Qualys, Inc. (the “Company” or “Qualys”) for you to act as Chairman of the Board
and as interim President and Chief Executive Officer of the Company. In this capacity, you will report directly to the Company’s Board of Directors, and you have agreed to provide service to the Company at a rate of no less than 30 hours per
week. You will be paid a monthly base salary of $8,333.33 on a semi-monthly basis, less payroll deductions and required tax withholding. 

Subject to the approval of the Company’s Board of Directors, you shall be granted a stock option to purchase 698,573 shares of the Company’s
Common Stock pursuant to the terms of Qualys’ 2000 Equity Incentive Plan based on your services in the capacity of Chairman of the Board, President and/or Chief Executive Officer. Your option will be subject to a four-year vesting schedule,
with vesting commencing as of November 1, 2000. Under the vesting schedule, 2.0833% of shares subject to your option would vest for each full month of continuous services for the Company following November 1, 2000. The exercise price for
your option will be set equal to the fair market value of Qualys’ stock on the grant date. Notwithstanding the above, however, all of the shares subject to your option will vest automatically upon the consummation of a sale of all or
substantially all of the assets of the Company or a merger of the Company with or into another corporation in which the stockholders of the Company immediately before the transaction do not own, directly or indirectly, a majority of the Company of
the surviving entity immediately following the transaction. Also, if your employment with the Company is terminated by the Company without “Cause” (as defined below), all of the shares subject to your option will vest automatically as of
the date of such termination. 
 For purposes of this Agreement, “Cause” shall mean (i) theft, dishonesty or falsification of any
employment or Company records; (ii) malicious or reckless disclosure of the Company’s confidential or proprietary information; (iii) commission of any immoral or illegal act or any gross or willful misconduct, where the Company
reasonably determines that such act or misconduct has (A) seriously undermined the ability of the Company’s management to entrust you with important matters or otherwise work effectively with you, (B) contributed to the Company’s
loss of significant revenues or business opportunities, or (C) significantly and detrimentally effected the business or reputation of the Company or any of its subsidiaries; and (iv) the failure or refusal by you to work diligently to
perform tasks or achieve goals reasonably requested by the Board of Directors, provided such failure or refusal continues after the receipt of reasonable notice in writing of such failure or refusal and an opportunity to correct the problem. Cause
shall not mean a physical or mental disability. 

  
 1. 

 Qualys also intends to offer you the following standard Company benefits: medical and dental insurance, a
401(k) plan, vacation, sick leave, and holidays (the “Company Benefits”). Details about these benefits are provided in the Employee Handbook and Summary Plan Descriptions, available for your review. The Company may modify compensation and
benefits from time to time as it deems necessary. 
 Your employment relationship with the Company is at-will. You may terminate your employment
with the Company at any time and for any reason whatsoever simply by notifying the Company. Likewise, the Company may terminate your employment at any time and for any reason whatsoever, with or without cause or advance notice. This at-will
employment relationship cannot be changed except in a writing signed by a duly authorized Company officer. 
 As a condition of employment, you
will be expected to sign and comply with the Company’s standard form of Proprietary Information and Inventions Agreement, which prohibits unauthorized use or disclosure of Qualys proprietary information. Additionally, this offer is subject to
our receipt of satisfactory proof of your right to work in the United States. 
 This Agreement, together with the Proprietary Information and
Inventions Agreement and the stock option and Qualys’ 2000 Equity Incentive Plan documentation, constitutes the complete, final and exclusive embodiment of the entire agreement between you and the Company with respect to the terms and
conditions of your employment specified herein. This Agreement may not be amended or modified except by a written instrument signed by you and a duly authorized officer of the Company. 
 If you are in agreement with the terms described above, please sign below and return this letter to the undersigned. 
  

	
	Sincerely,
	
	QUALYS, INC.
	
	  

	
	Accepted and Agreed to by:
	
	 /s/ Philippe F. Courtot

	Philippe F. Courtot

  
 2.Offer Letter

 Exhibit 10.4 

 
 

 
 Amer Deeba 

[Address] 
 Dear Amer: 

I am pleased to offer you the position of VP of Marketing, reporting to Philippe Courtot, CEO. Your annual salary will be $175,000 less payroll
deductions and all required withholding. You will also participate in a bonus program earning up to 25% of your annual salary, depending on company performance. 
 You will be paid semi-monthly and you will be eligible for the following standard Company benefits as of the first of the month following date of hire: medical and dental insurance, a 401k plan, 3 weeks
vacation, sick leave, company assigned holidays and other benefits described in the Summary Plan Descriptions, available for your review. QUALYS may modify compensation and benefits from time to time as it deems necessary. 

It is our desire that you participate in the success and growth of the Company through equity. We will recommend to the Board of Directors that you be
granted a stock option to purchase 700,000 shares of Common Stock under Qualys’ 2000 Equity Incentive Plan. Your option will be subject to a four-year vesting schedule, with 175,000 shares vesting at your start date and 525,000 shares to
commence vesting as of your start date as an employee under this agreement. Under the vesting schedule, your 525,000 shares under your initial option would vest at the rate of 25% upon completion of the first year of employment, with an additional
2.0833% of such shares vesting for each full month of continuous employment completed after the first anniversary. However, if Qualys sells all or substantially all of its assets or its stock, 50% of the then unvested stock options shall be vested
immediately prior to the consummation of the sale of the company. 
 QUALYS will issue an interest bearing loan to you to acquire
the shares issued by the grant mentioned above. 
 As a QUALYS employee, you will be expected to abide by Company rules and
regulations, and sign and comply with the attached Proprietary Information and Inventions Agreement, which prohibits unauthorized use or disclosure of QUALYS’ proprietary information. 

In your work for the Company, you will be expected not to use or disclose any confidential information, including trade secrets, of any former employer
or other person to whom you have an obligation of confidentiality. Rather, you will be expected to use only that information which is generally known and used by persons with training and experience comparable to your own, which is common knowledge
in the industry or otherwise legally in the public domain, or which is otherwise provided or developed by the Company. During our discussions about your proposed job duties, you assured us that you would be able to perform those duties within the
guidelines just described. 
 QUALYS, Inc– 1326 Chesapeake Terrace, Sunnyvale, California 94089 

Tel. (408) 747-6000    Fax: (408) 747-5255  http://www.qualys.com 

 

 
 You agree that you will not bring onto Company premises any unpublished documents or property belonging to any former
employer or other person to whom you have an obligation of confidentiality. 
 Normal working hours are from 8:30 a.m. to 5:30 p.m., Monday
through Friday. As an exempt salaried employee, you will be expected to work additional hours as required by the nature of your work assignments. 
 Your employment relationship with QUALYS is at-will. You may terminate your employment with QUALYS at any time and for any reason whatsoever simply by notifying
QUALYS. Likewise, QUALYS may terminate your employment at any time and for any reason whatsoever, with or without cause or advance notice. This at-will employment relationship cannot be changed except in a writing
signed by a Company officer. 
 This letter, together with your Proprietary Information and Inventions Agreement and the option agreement
between you and Qualys (relating to your option grant described above), forms the complete and exclusive statement of your employment agreement with QUALYS. The employment terms in this letter supersede any other agreements or
promises made to you by anyone, whether oral or written. As required by law, this offer is subject to satisfactory proof of your right to work in the United States. 
 We look forward to your acceptance of employment with QUALYS under the terms described above. Please sign and date this letter, and return it to me by May 18, 2001. 

Amer, we are excited about you joining our team. If you have any questions, please feel free to call me at (408)747-6002. 

 

	
	Sincerely,
	
	/s/ Joel Lesser
	Joel Lesser
	Controller
	
	CC: Philippe F. Courtot
	
	I accept this offer:
	
	 /s/ Amer Deeba

	Amer Deeba
	
	Start Date: September 4, 2001

 QUALYS, Inc– 1326 Chesapeake Terrace, Sunnyvale, California 94089 

Tel. (408) 747-6000    Fax: (408) 747-5255  http://www.qualys.comOffer Letter

 Exhibit 10.5 

 
 

 
 Securing Your Network 
 January 17, 2003 
 Sumedh Thakar 
 [Address] 
 Dear Sumedh: 
 On behalf of Qualys, Inc., I am pleased to offer you the position of Software Engineer, reporting to Gerhard Eschelbeck. Your location of work will be Redwood City, CA. The details of your offer are
outlined below: 
  

			
	Salary:	  	 $85,000* (Annual Salary) less payroll deductions and all required withholding.

*To be paid semi-monthly.

		
	Benefits:	  	You will be eligible for the following standard Company benefits as of the first of the month following date of hire: Medical and Dental Insurance, 401k plan, Flexible Spending,
3 weeks Vacation, Sick Leave, Company Assigned Holidays and other benefits described in the Summary Plan Descriptions, available for your review. QUALYS may modify compensation and benefits from time to time as it deems
necessary.
		
	Stocks:	  	We will recommend to the Board of Directors that you be granted a stock option to purchase 30,000 shares of Common Stock under Qualys’ 2000 Equity Incentive Plan. Your
option will be subject to a four-year vesting schedule, with vesting to commence as of your start date as an employee under this agreement. Under the vesting schedule, your shares under your initial option would vest at the rate of 25% upon
completion of the first year of employment, with an additional 2.0833% of such shares vesting for each full month of continuous employment completed after the first anniversary.
		
	Visa:	  	Qualys has agreed to sponsor and pay for the transfer of your H1-B Visa as needed. If your employment with Qualys terminates before completing one full year of service from the
date of receipt of the visa, with the exception of a reduction in force, you will be fully responsible for the incurred costs associated with the transfer of the H1-B Visa.

 As a QUALYS employee, you will be expected to abide by Company rules and regulations and sign and comply
with the attached Proprietary Information and Inventions Agreement which prohibit unauthorized use or disclosure of QUALYS’ proprietary information. 
 In your work for the Company, you will be expected not to use or disclose any confidential information, including trade secrets, of any former employer or other person to whom you have an obligation of
confidentiality. Rather, you will be expected to use only that information which is 

  
 Qualys, Inc.

 1600 Bridge Parkway, Redwood Shores, CA 94065 
 T 650 801 6100 F 650 801 6101 www.qualys.com 

 
generally known and used by persons with training and experience comparable to your own, which is common knowledge in the industry or otherwise legally in the public domain, or which is otherwise
provided or developed by the Company. During our discussions about your proposed job duties, you assured us that you would be able to perform those duties within the guidelines just described. You agree that you will not bring onto Company premises
any unpublished documents or property belonging to any former employer or other person to whom you have an obligation of confidentiality. 

Your employment relationship with QUALYS is at-will. You may terminate your employment with QUALYS at any time and for any
reason whatsoever simply by notifying QUALYS. Likewise, QUALYS may terminate your employment at any time and for any reason whatsoever, with or without cause or advance notice. This at-will employment relationship
cannot be changed except in a writing signed by a Company officer. 
 This letter, together with your Employee Proprietary Information and
Inventions Agreement and the option agreement between you and Qualys (relating to your option grant described above), forms the complete and exclusive statement of your employment agreement with QUALYS. The employment terms in this
letter supersede any other agreements or promises made to you by anyone, whether oral or written. It is also contingent upon providing evidence of your legal right to work in the United States as required by the Immigration and Naturalization
Service. 
 We look forward to your acceptance of employment with QUALYS under the terms described above. To accept this offer,
please sign and date this letter. Please return the original offer letter along with the Employee Proprietary Information and Inventions Agreement in the enclosed envelope and keep a copy of the offer letter for your records. This offer will expire
on January 20, 2003 and is contingent upon successful reference checks. 
 Sumedh, we are excited about you joining our team and will
schedule your orientation for 9am on your first day of employment. If you have any questions, please feel free to call me at (650) 801-6151. 
  

	
	Sincerely,
	
	/s/ Rima J. Touma Bruno
	 Rima J. Touma Bruno
 Director,
Human Resources

  

									
	Offer Accepted By:	 		 	Date Accepted:	 		 	Start Date:
					
	 /s/ Sumedh Thakar
	 		 	 1/20/2003
	 		 	  

	Sumedh Thakar	 		 		 		 	January     , 2003

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