Document:

EX-10.14

 Exhibit 10.14 

CASA SYSTEMS, INC. 

Restricted Stock Unit Agreement (Time Vested) 

2017 Stock Incentive Plan 

NOTICE OF GRANT 
 This Restricted Stock Unit
Agreement (this “Agreement”) is made as of the Agreement Date between Casa Systems, Inc. (the “Company”), a Delaware corporation, and the Participant. 

 

	I.	Agreement Date: 

  

	II.	Participant Information 

 Participant: 

Participant Address: 
  

	III.	Grant Information 

 Grant Date: 

Number of Restricted Stock Units: 
  

	IV.	Vesting Table 

  

			
	 Vesting Date
	  	 Number of Restricted Stock Units that Vest

		  	
		  	
		  	
		  	

 This Agreement includes this Notice of Grant and the following Exhibit, which is expressly incorporated by reference in its
entirety herein: 
 Exhibit A – General Terms and Conditions 

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the Agreement Date. By executing this Notice of Grant, the Participant hereby
acknowledges that the Participant has read this Notice of Grant and the Terms and Conditions in the following Exhibit, has received and read the Plan, and understands and agrees to comply with the terms and conditions of this Agreement and the Plan.

  

					
	CASA SYSTEMS, INC.	 		 	PARTICIPANT
			
	   
	 		 	   

	Name:	 		 	Name:
	Title:	 		 	

 Restricted Stock Unit Agreement (Time Vested) 

2017 Stock Incentive Plan 

EXHIBIT A 

GENERAL TERMS AND CONDITIONS 

For valuable consideration, receipt of which is acknowledged, the parties hereto agree as follows: 

1.    Award of Restricted Stock Units. 

In consideration of services rendered and to be rendered to the Company by the Participant, the Company has granted to the Participant,
subject to the terms and conditions set forth in this Agreement and in the Company’s 2017 Stock Incentive Plan (the “Plan”), an award with respect to the number of restricted shares units (the “RSUs”) set forth
in the Notice of Grant that forms part of this Agreement (the “Notice of Grant”). Each RSU represents the right to receive one share of common stock, $0.001 par value per share, of the Company (the “Common Stock”)
upon vesting of the RSU, subject to the terms and conditions set forth herein. 
 2.    Vesting. 

(a)    The RSUs shall vest in in accordance with the Vesting Table set forth in the Notice of Grant (the “Vesting
Table”). Any fractional shares resulting from the application of the percentages in the Vesting Table shall be rounded down to the nearest whole number of RSUs. 

(b)    Upon the vesting of the RSU, the Company will deliver to the Participant, for each RSU that becomes vested, one
share of Common Stock, subject to the payment of any taxes pursuant to Section 7. The Common Stock will be delivered to the Participant as soon as practicable following each vesting date, but in any event within 30 days of such date.
Notwithstanding anything herein to the contrary, in the sole discretion of the Board, the Company may, with respect to any applicable vesting date of the RSU, deliver to the Participant cash having a fair market value equal to the number of shares
of Common Stock underlying the portion of the RSU that vested on such date, payable within 30 days of the vesting date, less applicable taxes. 

3.    Forfeiture of Unvested RSUs Upon Cessation of Service. 

In the event that the Participant ceases to perform services to the Company for any reason or no reason, with or without cause, all of the
RSUs that are unvested as of the time of such cessation shall be forfeited immediately and automatically to the Company, without the payment of any consideration to the Participant, effective as of such cessation. The Participant shall have no
further rights with respect to the unvested RSUs or any Common Stock that may have been issuable with respect thereto. If the Participant provides services to a subsidiary of the Company, any references in this Agreement to provision of services to
the Company shall instead be deemed to refer to service with such subsidiary. 
 4.    Restrictions on Transfer.

 The Participant shall not sell, assign, transfer, pledge, hypothecate or otherwise dispose of, by operation of law or otherwise
(collectively “transfer”) any RSUs, or any interest therein. 

 
The Company shall not be required to treat as the owner of any RSUs or issue any Common Stock to any transferee to whom such RSUs have been transferred in violation of any of the provisions of
this Agreement. 
 5.    Rights as a Shareholder. 

The Participant shall have no rights as a stockholder of the Company with respect to any shares of Common Stock that may be issuable with
respect to the RSUs until the issuance of the shares of Common Stock to the Participant following the vesting of the RSUs. 

6.    Provisions of the Plan. 

This Agreement is subject to the provisions of the Plan, a copy of which is furnished to the Participant with this Agreement. 

7.    Tax Matters. 

(a)    Acknowledgments; No Section 83(b) Election. The Participant acknowledges that he or she
is responsible for obtaining the advice of the Participant’s own tax advisors with respect to the award of RSUs and the Participant is relying solely on such advisors and not on any statements or representations of the Company or any of its
agents with respect to the tax consequences relating to the RSUs. The Participant understands that the Participant (and not the Company) shall be responsible for the Participant’s tax liability that may arise in connection with the acquisition,
vesting and/or disposition of the RSUs. The Participant acknowledges that no election under Section 83(b) of the Internal Revenue Code, as amended, is available with respect to RSUs. 

(b)    Withholding. The Participant acknowledges and agrees that the Company has the right to deduct from payments
of any kind otherwise due to the Participant any federal, state, local or other taxes of any kind required by law to be withheld with respect to the vesting of the RSUs. On each vesting date (or other date or time at which the Company is required to
withhold taxes associated with the RSUs), the Company will retain from the shares of Common Stock otherwise issuable on such date a number of shares having a fair market value (as determined by the Company in its sole discretion) equal to the
Company’s minimum statutory withholding obligation. If the Company is unable to retain sufficient shares of Common Stock to satisfy such tax withholding obligations, the Participant acknowledges and agrees that the Company or an affiliate of
the Company has the right to deduct from payments of any kind otherwise due to the Participant any federal, state, local or other taxes of any kind required by law to be withheld for taxes relating to the RSUs. The Company shall not deliver any
shares of Common Stock to the Participant until it is satisfied that all required withholdings have been made and if such withholding taxes cannot be timely satisfied, then the Participant shall forfeit the RSUs and have no further rights with
respect to the award. 
 8.    Miscellaneous. 

(a)    Authority of Compensation Committee. In making any decisions or taking any actions with respect to the
matters covered by this Agreement, the Compensation Committee shall have all of the authority and discretion, and shall be subject to all of the 

 
protections, provided for in the Plan. All decisions and actions by the Compensation Committee with respect to this Agreement shall be made in the Compensation Committee’s discretion and
shall be final and binding on the Participant. 
 (b)    No Right to Continued Service. The Participant
acknowledges and agrees that, notwithstanding the fact that the vesting of the RSUs is contingent upon his or her continued service to the Company, this Agreement does not constitute an express or implied promise of continued service relationship
with the Participant or confer upon the Participant any rights with respect to a continued service relationship with the Company. 

(c)    Section 409A. The RSUs awarded pursuant to this Agreement are intended to be exempt from or comply with the
requirements of Section 409A of the Internal Revenue Code and the Treasury Regulations issued thereunder (“Section 409A”). The delivery of shares of Common Stock on the vesting of the RSUs may not be accelerated or deferred
unless permitted or required by Section 409A. 
 (d)    Participant’s Acknowledgements. The Participant
acknowledges that he or she: (i) has read this Agreement; (ii) has been represented in the preparation, negotiation and execution of this Agreement by legal counsel of the Participant’s own choice or has voluntarily declined to seek
such counsel; (iii) understands the terms and consequences of this Agreement; and (iv) is fully aware of the legal and binding effect of this Agreement. 

(e)    Governing Law. This Agreement shall be construed, interpreted and enforced in accordance with the internal
laws of the State of Delaware without regard to any applicable conflicts of laws provisions.EX-10.15

 Exhibit 10.15 
  

					
	CASA	  	Casa Systems, Inc.	  	
	  	100 Old River Road, Unit 100	  	
	  	Andover, MA 01810	  	
	  	Telephone (978) 688-6706	  	
	  	Fax (978) 688-6584	  	
	  	Web http://www.casa-systems.com	  	

 May 25, 2011 
 Gary D. Hall 

[            ] 

Dear Gary: 
 On behalf of Casa Systems, Inc.
(the “Company”), I am pleased to set forth the terms of your employment with the Company: 
 1.     You will
be employed to serve on a full-time basis as the Chief Financial Officer (CFO), effective June 27th, 2011. As the CFO of the Company, you will report to the Chief Executive Officer of the Company and be responsible for finance, accounting, treasury,
tax plus such other duties as may from time to time be assigned to you by the Company. 
 2.     Your total compensation
will include base salary, bonus and stock options. Your starting base salary rate will be US$17,500 dollars per month, which annualized is equivalent to US$210,000 dollars, subject to taxes and other withholdings as required by law. Such salary and
bonus may be adjusted from time to time in accordance with normal business practice and in the sole discretion of the Company. Your target annual bonus (prorated if less than twelve-month period) will be $60,000 based on the Company and you
achieving goals set by the Board of Directors. 
 3.     Subject to the approval of the Board of Directors of the
Company, the Company may grant to you an incentive stock option (the “Option”) under the Company’s 2003 Stock Incentive Plan (the “Plan”) fur the purchase of an aggregate of 60,000 shares of common stock of the Company at a
price per share equal to the fair market value at the time of Board approval. The Option shall be subject to all terms, vesting schedules and other provisions set forth in the Plan and in a separate option agreement. 

4.     You may participate in any and all benefit programs that the Company establishes and makes available to its
employees from time to time, provided that you are eligible under (and subject to all provisions of) the plan documents governing those programs. The benefits made available by the Company, and the rules, terms and conditions for participation in
such programs, may be changed by the Company at any time without advance notice. 

 5.     You will be eligible for a maximum of fifteen (15) days of vacation
per calendar year subject to proration to your date of hire and to be taken at such times as may be approved by the Company. The number of vacation days for which you are eligible shall accrue at the rate of 1.25 days per month that you are
employed during such calendar year. 
 6.     Following a Sale of the Company, should you be discharged by the Company
or the acquiring company without Cause or if you terminate your employment with the Company for Good Reason within six (6) months of the Sale of the Company, then, subject to the Company’s receipt of an effective general release in a form and
scope acceptable to the Company within 30 days after your termination, you will be provided with the following severance package: 
  

	 	•	 	12 months base salary (total US$210,000) and 12 months medical and dental insurance coverage. 

  

	 	•	 	One-year acceleration of your stock option grant specified in this offer. 

 “Cause” shall mean
willful misconduct by the employee or willful failure by the employee to perform his or her responsibilities to the Company (including, without limitation, breach by the employee of any provision of any employment, consulting, advisory,
nondisclosure, non on or other similar agreement between the employee and the Company), as determined by the Company, which determination shall be conclusive. The employee shall be considered to have been discharged for “Cause” if the
Company determines, within 30 days after the employee’s resignation, that termination for Cause was warranted. 
 “Good Reason” shall mean
that you have complied with the Good Reason Process following the occurrence of any of the following events: 
 1.     The demotion of
your title or a material reduction in your responsibility or authority for the operations of the Company, which includes not serving as the Chief Financial Officer of the acquiring or surviving entity, without your written consent, 

2.     A material reduction in your then current base salary without your written consent, or 

3.     The relocation of your office more than 30 miles from your then current office location without your written consent. 

“Good Reason Process” means that (i) you have reasonably determined in good faith that a Good Reason condition has occurred; (ii) you notify the
Company in writing of the occurrence of the Good Reason condition within 60 days of the occurrence of such condition; (iii) you cooperate in good faith with the Company’s efforts, for a period of 30 days following such notice (the ‘Cure
Period’), to remedy the condition; (iv) notwithstanding such efforts, the Good Reason condition continues to exist; and (v) you terminate your employment within 30 days after the end of the Cure Period. If the Company cures the Good Reason
condition during the Cure Period, Good Reason shall be deemed out to have occurred.” 

 
“Sale” shall mean the sale of all or substantially all of the outstanding shares of capital stock, assets or business of the Company, by merger, consolidation, sale of assets or
otherwise (other than a merger or consolidation in which all or substantially all of the individuals and entities who were beneficial owners of the Common Stock immediately prior to such transaction beneficially own, directly or indirectly,
more than 50% of the outstanding securities entitled to vote generally in the election of directors of the resulting, surviving or acquiring corporation in such transaction). 

7.     You will be required to execute an Assignment, Invention and Non-Disclosure Agreement and a Non-Competition and
Non-Solicitation Agreement in the forms attached as a condition of employment 
 8.     You represent that you are
not bound by any employment contract, restrictive covenant or other restriction preventing you from entering into employment with or carrying out your responsibilities for the Company, or which is in any way inconsistent with the terms of this
letter. 
 9.     In accordance with federal law, you will be required to provide the Company with documentation of your
identity and eligibility to work in the United States. You agree to provide to the Company, within three days following your hire date, such documentation, as required by the Immigration Reform and Control Act of 1986. This documentation can be
a U.S. Passport or a valid driver’s license and a U.S. birth certificate or U.S. Social Security card. Please refer to the I-9 Form enclosed for all other types of acceptable documentation. You may need to obtain a work visa in order to be
eligible to work in the United States. If that is the case, your employment with the Company will be conditioned upon your obtaining a work visa in a timely manner as determined by the Company. 

10.     This offer is contingent upon a satisfactory background check. This letter shall not be construed as an agreement,
either expressed or implied, to employ you for any stated term, and shall in no way alter the Company’s policy of “employment at will”, under which both you and the Company remain free to terminate the employment relationship, with or
without cause, at any time, with or without notice. Similarly, nothing in this letter shall be construed as an agreement, either express or implied, to pay you any compensation or grant you any benefit beyond the end of your employment with the
Company. 
 If you agree with the initial terms of your employment with the Company as set forth in this letter, please sign the enclosed
duplicate of this letter in the space provided below and return it to me or, by June 18th, 2011. If you do not accept this offer by June 18th, 2011, this offer will be revoked. 

 

			
	Very Truly Yours
		
	By:	 	 /s/ Jerry Guo
  

	Name:	 	Jerry Guo
	Title:	 	President and CEO

 The foregoing correctly sets forth the initial terms of my at-will employment by Casa Systems Inc. 

 

									
	 /s/ Gary D. Hall
	 		 	Date:	 	 6/16/11

	Name:	 	Gary D. Hall	 		 		 	

 Enclosures: Assignment, Invention and Non-Disclosure Agreement 

Non-competition and Non-Solicitation Agreement 
 I-9 Form

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