Document:

Offer Letter Agreement - James L. Dawson

 Exhibit 10.12 
  

			
	

	  	Serving Information

 March 10, 2004 
 Jim Dawson 
 Dear Jim: 
 On behalf of 3PARdata, Inc.,
(the “Company”), I am pleased to offer to you the exempt position of Vice President of Worldwide Sales reporting to David Scott, President and CEO. In accepting this offer, you have agreed to start your employment with 3PARdata on Monday,
March 29, 2004. 
 Should you accept this offer your compensation will include: 
  

	•	 	 An annual base salary of $200,000.00 which will be paid biweekly in accordance with the Company’s normal payroll procedures. The first and last payment
by the Company to you will be adjusted, if necessary, to reflect a commencement or termination date other than the first or last working day of a pay period. 

  

	•	 	 In addition to your annual base salary you will be eligible for an Incentive Base of $100,000.00 based on meeting the objectives as defined in the Sales
Commission Plan. You will receive a copy of the FY2005 Sales Commission Plan when you start your employment with the company. 

  

	•	 	 Subject to approval of the Board of Directors, we will grant you an incentive stock option entitling you to purchase up to 320,000 of Common Stock of the
Company at an exercise price equal to the then current fair market value, as determined by the Board. Such options shall be subject to the terms and conditions of the Company’s 1999 Stock Option Plan and the related Stock Option Agreement.

  

	 	•	 	 Two hundred and ninety thousand (290,000) shares of the total incentive stock option grant of 320,000 will be a standard grant with a standard four
(4) year vesting schedule. 

  

	 	•	 	 Thirty thousand (30,000) of the total incentive stock option grant of 320,000 will be based on meeting agreed performance objectives. These options will have a
two (2) year vesting schedule and will be issued at the end of Fiscal Year 2005 (March 31, 2005) based on meeting the agreed performance objectives. 

 After Board approval of the grant, we will provide you with detailed written information regarding these stock options. 
 This offer is contingent upon our successful verification of the information provided to us on your employment application, upon the completion of your personal/professional references, your executing the Company’s Confidential
Information and Invention Assignment Agreement, and your providing the Company with the proof of your identity and authorization to work in the United States, as required by federal immigration law. The easiest method of satisfying this requirement
is to provide a state driver’s license and social security card, and either your passport or a copy of your birth certificate. Such documentation must be provided to us within three ( 3 ) business days of your date of hire, or our employment
relationship with you may be terminated. If you do not 
  

					
		 	3PARdata, Inc.	  	    510.413.5999 P
		 	4209 Technology Drive	  	    510.413.5699 F
		 	Fremont, CA 94538	  	    www.3par.com

					
	Jim Dawson	 		  	 Page 2 of 3

	Offer of Employment	 		  	 March 10, 2004

 have these documents, please call me immediately to discuss what other documents will satisfy the requirements of
this law. We have enclosed the Confidential Information and Invention Assignment Agreement and the 1-9 Form. If you accept this offer, please complete and sign these forms and include the required 1-9 documentation and the Company’s
Confidential Information and Invention Assignment Agreement. You cannot start your employment with the Company until the Company’s Confidential Information and Invention Assignment Agreement has been signed and submitted with your signed
offer letter. 
 As a condition of your employment, you will also be required to sign and comply with an Arbitration Agreement which requires that, in
the event of any dispute or claim relating to or arising out of our employment relationship, you and the Company agree to an arbitration in which (i) you are waiving any and all rights to a jury trial but all court remedies will be available in
arbitration, (ii) we agree that all disputes between you and the Company shall be fully and finally resolved by binding arbitration, (iii) all disputes shall be resolved by a neutral arbitrator who shall issue a written opinion, (iv) the
arbitration shall provide for adequate discovery, and (v) the Company shall pay all arbitration fees with the exception of the initial filing fee, not to exceed $200. 
 As a full-time employee, you will be eligible to participate in the Company’s full benefit package as currently and hereafter provided to other employees, which includes: medical, dental and vision, life
insurance, short and long-term disability, new hire stock options, a 401 (K) program, Flexible Spending 125, employee assistance program and tuition reimbursement. You will be entitled to 15 days of personal paid time off during your first year
of employment and 10 paid holidays in 2004 in accordance with the Company’s vacation/holiday policy. We have placed a great deal of emphasis on our benefits, and expect that they will continue to evolve as we grow and as the needs of our
employees and their families change. 
 Jim, while we anticipate that this will be a long and rewarding relationship, you should be aware 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 conclude its employment relationship with
you at any time, with or without cause and with or without notice. 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 writing signed by you and the President of the Company. (We request that, in the event of resignation, you give the Company at least two weeks notice). 
 Once you start your employment with the company you will be eligible for the “Management Retention Agreement” which specifies the severance benefits upon the
Executive’s termination of employment following a Change of Control. The severance benefits indicated in the “Management Retention Agreement” are as follows: 
  

	 	•	 	 A lump-sum cash payment in an amount equal to fifty (50%) percent of the Executive’s Annual Compensation. 

  

	 	•	 	 Fifty (50%) percent of the unvested portion of any stock option, restricted stock or other Company equity compensation held by the Executive shall be
automatically accelerated in full so as to become completely vested. 

 In accepting this offer, you are representing to us that
(a) you are not a party to any employment agreement or other contract or arrangement which prohibits your full-time employment with the Company, (b) you do not know of any conflict which would restrict your employment with the Company and
(c) you have not and will not bring with you to your employment with the Company any documents, records or other confidential information belonging to former employers. 

					
	Jim Dawson	 		  	 Page 3 of 3

	Offer Of Employment	 		  	 March 10, 2004

 A duplicate original of this letter is enclosed for your records. This letter, along with the agreement relating
to proprietary rights between you and the Company, sets forth the terms of your employment with the Company and supersedes any prior representations or agreements, whether written or oral. This letter may not be modified or amended except by a
written agreement, signed by an officer of the Company and by you. 
 Jim, we are pleased that you are interested in the Company, and I believe that you will
find 3PARdata, Inc. a truly exciting and fulfilling place to work. To indicate your acceptance of the Company’s offer, please sign below, indicate your start date in the space provided and return this letter and the executed Confidential
Information and Invention Assignment Agreement and I-9 Form with required documentation to Jeannette Robinson, VP of Human Resources no later than Friday, March 12, 2004. You can fax the signed letter to my attention at (510) 668-9595 and
than mail the signed original to 4209 Technology Drive, Fremont, CA 94538. This offer is valid until this date, but should you have any questions or concerns please call me immediately at (510) 668-9205. 
 We look forward to working with you at 3PARdata! 
  

	
	Sincerely,
	
	 /s/ Jeannette Robinson

	Jeannette Robinson
	Vice President Human Resources

  

							
	ACCEPTED AND AGREED:	 		  		 	
			
	 /s/ Jim Dawson
	  	            START DATE:	 	3/29/04
	Jim Dawson	 	Date	  		 	

 Enclosures: 
 [Duplicate Offer Letter, I-9 Document, and Employee Confidentiality and Invention Assignment Agreement]Offer Letter Agreement - Mark A. Jung

 Exhibit 10.13 
  

					
	

	 		  	Serving Information

 December 11, 2006 
 Mr. Mark A. Jung 
 Dear Mark: 
 On behalf of 3PARdata, Inc. (the “Company”), I am pleased to invite you, at the request of our Board of Directors (“Board”), to join our Board and to serve as Chairman of our Nominating Committee. 
 As you are aware, the Company is a California corporation and therefore your rights and duties as a director of the Company will be prescribed by
California law, our charter documents as well as by the policies established by our Board from time to time. 
 In addition to serving on our
Board and Nominating Committee, you may be asked to participate in additional committees that may be established from time to time by the Board. Our Board meetings are generally held every other month at the Company’s offices in Fremont,
California, and our committee meetings are convened as needed. We hope that your schedule will permit you to attend all of the meetings of the Board and any committees that you are a member. In addition, with advanced notice, you may be asked to
participate in telephonic meetings to address special matters. 
 It is expected that during the term of your service on the Board you will
not engage in any other employment, occupation, consulting or other business activity that competes with the business in which the Company is now involved in or becomes involved in during the term of your service to the Company, nor will you engage
in any other activities that conflict with your obligations to the Company. We ask that, if you have not already done so, you disclose to the Company any and all agreements and arrangements to which you are a party that may affect your eligibility
to serve as a member of the Company’s Board. In accepting this offer, you represent to us that you do not know of any conflict that would restrict you from becoming a director of the Company and that you will not provide the Company with any
documents, records or other confidential information belonging to any other parties. 
 In connection with your service on our Board and
Nominating Committee, the Company will recommend a compensation arrangement for you that includes the following: 
 As a member of the
Board: 
  

	 	 •
	 	 Upon your joining the Board, an initial stock option to purchase 70,000 shares of the Company’s Common Stock, which
option shall vest as to l/48th of the shares subject to such option each month following the date of grant, subject to your continuing to serve on the
Board through each such month; and 

  

	 	 •
	 	 On each annual anniversary of your joining the Board, a “refresh” stock option to purchase an additional
17,500 shares of the Company’s Common Stock, each of which option shall vest as to 1/2th of the shares subject to such option each month following the
three-year anniversary of the date of grant, subject to your continuing to serve on the Board through each such month. 

  

					
		 	3PARdata, inc.	 	    510.413.5999 P
		 	4209 Technology Drive	 	    510.413.5699 F
		 	Fremont, CA 94538	 	    www.3par.com

 December 11, 2006 
 Mr. Mark A. Jung 
  

	 	•	 	 Subject to the paragraph below regarding a change of control, for the avoidance of doubt, in the event you cease to serve on the Board, whether voluntary or
otherwise, all vesting will cease. 

 As the Chairman of the Nominating Committee: 
  

	 	•	 	 Upon your accepting the position of Chairman of the Company’s Nominating Committee, an initial stock option to purchase 32,000 shares of the Company’s
Common Stock, which option shall vest as to l/48th of the shares subject to such option each month following the date of grant, subject to your continuing to act as Chairman through each such month; and 

  

	 	 •
	 	 On each annual anniversary of your accepting the position of Chairman of the Company’s Nominating Committee, a
“refresh” stock option to purchase an additional 8,000 shares of the Company’s Common Stock, each which option shall vest as to 1/12th of
the shares subject to such option each month following the three-year anniversary of the date of grant, subject to your continuing to act as Chairman through each such month. 

  

	 	•	 	 Subject to the paragraph below regarding a change of control, for the avoidance of doubt, in the event you cease to serve as Chairman of the Company’s
Nominating Committee, whether voluntary or otherwise, all vesting will cease. 

 Each of the aforementioned options will be
recommended for grant at the then-current fair market value of the shares underlying such options on their respective dates of grant. Further, it will be recommended that in the event your continuous status as a member of the Board is terminated
immediately following a change of control of the Company all of the shares subject to each of the aforementioned options then-outstanding shall vest immediately. In addition, each of such options will be otherwise generally subject to the terms and
conditions of Company’s 2000 Stock Plan and the stock option agreements evidencing such options. 
 In addition to the compensation
described above, you will be entitled to a reimbursement for reasonable expenses incurred by you in connection with your service to the Company and your attendance of board and committee meetings in accordance with the Company’s established
policies. 
 The Company’s payment of compensation to its directors is subject to many restrictions under applicable law and, as such,
you should be aware that the compensation arrangements described above are subject to such future changes and modifications as the Company’s Board may deem necessary or appropriate. For example, in the event of our initial public offering, we
anticipate that the Company will reevaluate its director compensation arrangements and adopt certain compensation policies and guidelines appropriate for a similarly situated public company. 
 Please note that nothing in this letter or any agreement granting you stock options should be construed to interfere with or otherwise restrict in any
way the rights of the Company or our Board or shareholders to remove you from the Board or any committee in accordance with the provisions of the Company’s charter documents and applicable law. Furthermore, except as other otherwise provided to
other non-employee directors or required by law, the Company does not intend to afford you any rights as an employee, including, without limitation, the right to further employment or any social benefits. 

 December 11, 2006 
 Mr. Mark A. Jung 
 This letter sets forth the terms of your service to the Company and supersedes any prior
representations or agreements, whether written or oral. This letter may not be modified or amended except by a written agreement, signed by an officer of the Company and by you. 
 We hope that you find the foregoing terms acceptable. You may indicate your agreement with these terms by signing and dating the enclosed duplicate and
returning it to me. By signing this letter you also represent that the execution and delivery of this agreement and the fulfillment of the terms hereof will not require the consent of another person, constitute a default under or conflict with any
agreement or other instrument to which you are bound or a party. 
 On behalf of 3PARdata, it gives me great pleasure to welcome you as a
member of our Board. We anticipate your leadership and experience shall make a key contribution to 3PARdata’s success at this critical time in our growth and development. 
  

	
	Sincerely,
	
	 /s/ David Scott

	David Scott
	President and Chief Executive Officer

  

			
	Agreed to and accepted:
	
	 /s/ Mark Jung

	Mark Jung
		
	Date:	 	12/18/06

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