Document:

Offer letter to Christine Wong

 Exhibit 10.1 
  
 

 
  
 January 26, 2005 
  
 Christine Wong 
  
 Dear Christine: 
  
 I am delighted to confirm our offer to you of employment with InterVideo Inc., a Delaware corporation (“Company”), on the following terms: 
  
 1. Position: You will become a full-time employee of the Company, serving initially
in the position of Vice President and General Counsel, reporting to Steve Ro, President & Chief Executive Officer. You understand that your responsibilities and duties may evolve over time. 
  
 2. Compensation. Your salary will be $15,000 per month ($180,000 per year
on an annualized basis), payable in accordance with the Company’s payroll practices. 
  
 3. Bonus. You will be eligible to receive a bonus of up to USD$30,000.00 during each calendar year if the Company achieves certain financial goals and your personal performance goals. 
  
 4. Benefits Policies. During your employment, you will be entitled to the benefits
generally available to employees under the Company’s medical, dental, vision, 401K savings programs and employee stock purchase plans, in accordance with their terms. You will be reimbursed for all continuing education, dues, registration or
other fees and expenses incurred to retain or continue your state bar license or in furtherance of your duties at the Company. You will also benefit from benefit policies adopted by the Company from time to time, such as sick leave, vacation, and
disability policies. 
  
 5. Option Grant. Following commencement of
employment, the grant of an immediately exercisable option to purchase up to 50,000 shares of Common Stock under the Company’s stock option plan will be recommended to the Company’s Board of Directors on your behalf. The option
exercise price will be equal to the fair market value of the shares at the date of grant. Under the plan, the option will vest as to one fourth (1/4th) of the shares at the end of twelve (12) months of full-time employment, and vest as to one
forty-eighth (1/48th) of such shares at the end of each full month during the following thirty-six (36) month period. The exercise of any options will be subject in all respects to the terms of this agreement, your stock option agreement and the
stock option plan. 

 

 
  
 6. General Policies. You agree that to the
best of your ability and experience you will at all times loyally and conscientiously perform all of the duties and obligations required of and from you pursuant to the express and implicit terms hereof, and to the reasonable satisfaction of the
Company. During the term of your employment, you will devote all of your business time and attention to the business of the Company and the Company will be entitled to all of the benefits and profits arising from or incident to all such work,
services and advice. During the term of your employment, you will not, whether directly or indirectly, render any services of a commercial or professional nature to any person or organization, whether for compensation or otherwise, without the prior
written consent of the Chief Executive Officer of the Company. 
  
 7.
Proprietary Information Agreement; Indemnification Agreement. Upon commencement of your employment, you will be required to sign the Company’s standard employee proprietary information agreement relating to confidential information and
the assignment of proprietary developments to the Company. The Company will enter into an Indemnification Agreement with you. 
  
 8. Proof of Right to Work. For purposes of federal immigration law, you will be required to provide to the Company documentary evidence of your identity and
eligibility for employment in the United States. 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. 
  
 9. Stock Options Acceleration. You must go through an introductory period”
lasting ninety (90) consecutive days, commencing on the date of your employment (the “Introductory Period”). The company will use this period to see if you are able to meet Company’s standards. Successful completion of your
Introductory Period is not a guarantee of continued employment. You also understand that your employment will be voluntary and at-will. You are free to resign at any time, just as the Company is free to terminate your employment at any time with or
without cause. However, if the Company terminates your employment for a reason other than “Cause” after the Introductory Period or if you leave the employment of the Company for “Good Reason” after the Introductory Period, all
options granted to you during your employment shall immediately vest as to 50% of the unvested shares and become exercisable. In addition, if there is a “Change of Control”, and the Company or the successor corporation terminates your
employment or if you leave the employment of the Company for “Good Reason” within one month prior to or twelve (12) months after such Change of Control, all options granted to you during your employment shall immediately vest as to 100% of
the shares and become exercisable in full. 

 

 
  
 For the purposes of this employment letter
agreement, the following terms have the following meanings: 
  
 “Cause”
shall mean: (i) indictment or conviction of any felony or of any crime involving dishonesty; (ii) participation in any fraud against the Company or any successor of the Company; (iii) breach of your duties to the Company or such successor, including
willful misconduct, gross negligence, or employee’s continued substantial violations of his or her employment duties after employee has received a written demand for performance from the Company which specifically sets forth the factual basis
for the Company’s belief that employee has not substantially performed his or her duties; (iv) intentional damage to any property of the Company or such successor; or (v) your material breach of any element of the InterVideo’s Proprietary
Information and Inventions Agreement, including theft or other misappropriation of the Company’s proprietary information. 
  
 “Change of Control” shall mean (a) a sale of all or substantially all of the assets of the Company; (b) a merger or consolidation in which the Company is not
the surviving corporation (other than a merger or consolidation in which stockholders immediately before the merger or consolidation have, immediately after the merger or consolidation, have 50% or more of the voting power); (c) a reverse merger in
which the Company is the surviving corporation but the shares of the Company’s common stock outstanding immediately preceding the merger are converted by virtue of the merger into other property, whether in the form of securities, cash or
otherwise (other than a reverse merger in which stockholders immediately before the merger have, immediately after the merger, have 50% or more of the voting power); (d) any “person” (as such term is used in Sections 13(d) and 14(d) of the
Securities Exchange Act of 1934, as amended) becoming the “beneficial owner” (as defined in Rule 13d-3 under said Act), directly or indirectly, of securities of the Company representing 50% or more of the total voting power represented by
the Company’s then outstanding voting securities; or (e) any transaction or series of related transactions in which in excess of 50% of the Company’s voting power is transferred. 
  
 “Good Reason” shall mean any one of the following events: (i) material reduction of
employee’s rate of compensation; (ii) material reduction in employee’s responsibilities, authority, title or duties; (iii) the relocation of your place of work to a facility or location more than thirty five (35) miles from your current
location; (iv) material breach by the Company or any successor to the Company of any of the material provisions of this agreement; or (v) the failure of the Company to obtain the assumption of this agreement by any successors of the Company.

  
 Any successor to the Company (whether direct or indirect and whether by
purchase, lease, merger, consolidation, liquidation or otherwise) shall assume the Company’s obligations under this Agreement. 

 

 
  
 Please confirm your acceptance of this offer by
signing the enclosed copy of this letter in the space provided below, and returning the signed copy to me within five (5) days from the date of this letter. 
  
 If there are any aspects of this offer that you would like clarified, please let me know. 
  
 We are very pleased to make this offer to you and look forward to a mutually rewarding relationship. 
  

	
	Very truly yours,
	
	 /s/ Randall Bambrough

	Randall Bambrough
	Chief Financial Officer
	
	ACCEPTED:

  

			
		
	Name:	 	 /s/ Christine Wong

		
	Date:	 	2/14/05
		
	Start Date:	 	2/14/05Offer of Employment Letter dated June 1, 2004

 Exhibit 10.15 
  
 June 1, 2004 
  
 Tara Poseley 
 85 Sotelo Avenue 
 San Francisco, CA 94116 
  
 Dear Tara, 
  
 On behalf of Design Within Reach, Inc., (the “Company”), I am pleased to offer you a position as the Vice President of Merchandising, reporting to Wayne
Badovinus, President and Chief Executive Officer. The terms of your position with the Company are as set forth below. 
  
 You will be paid a salary at a rate of $9615.38 per pay period, payable in installments pursuant to the Company’s regular biweekly payroll policy. You will be
eligible for all Company benefits on the first day of the month following your date of hire. Information on company benefits is enclosed with this letter. You will be eligible to receive a bonus of up to 40% of your annual salary, based on the
achievement of corporate goals set by the Board of Directors and individual goals to be determined jointly by you and your manager. This bonus will be paid as follows for 2004: The company will guarantee the 40% personal objectives payout of the
2004 bonus and half of the 60% team objectives payout, for a total of 70% of bonus guaranteed. Should the team payment exceed half of the 60% you will participate in the same payout on the team portion as the entire management team. 
  
 In connection with the commencement of your full-time employment, the Company will recommend
that the Board of Directors’ grant you an option to purchase 125,000 shares of the Company’s Common Stock (“Shares”), with an exercise price equal to the fair market value on the date of the grant. Vesting will, of course, depend
on your continued employment with the Company. One fourth of these option shares will vest at the first anniversary of your employment and an additional one forty-eighth (1/48) will vest for each additional full month of your employment. This option
will be an incentive option to the maximum extent allowed by the tax code, and will be subject to the terms of the Company’s 1999 Stock Plan and the Stock Option Agreement between you and the Company. 
  
 By accepting this offer, you agree that, to the best of your ability, you will at all times
loyally and conscientiously perform all of the duties and obligations required of and from you pursuant to the express and implicit terms hereof, and to the reasonable satisfaction of the Company. During the term of your employment, you further
agree that you will devote all of your business time and attention to the business of the Company; that the Company will be entitled to all of the benefits and profits arising from or incident to all such work services and advice; and that you will
not render commercial or professional services of any nature to any person or organization, whether or not for compensation, without prior written consent of the Company’s Board of Directors. You agree that you will not directly or indirectly
engage or participate in any business that is competitive in any manner with the business of the Company. Nothing in this agreement will prevent you from accepting speaking or presentation engagements, for which you may receive honoraria, or from
serving on the board of a charitable organization, or from owning no more than one percent (1%) of the outstanding equity securities of a corporation whose stock is listed on a national stock exchange. 

 You agree to follow the Company’s strict policy that employees must not disclose, either directly or indirectly, any
information, including any terms of this agreement, regarding salary or commissions to any person, including other employees of the Company; provided, however, that you may discuss such terms with members of your immediate family and any legal, tax,
or accounting specialists who provide you with individual legal, tax, or accounting advice. 
  
 You agree at all times during the term of your Relationship with the Company and thereafter, to hold in strictest confidence, and not to use, except for the benefit of the Company, or to disclose to any person, firm,
corporation or other entity without written authorization of an officer of the Company, any Confidential Information of the Company which you obtain or create. You further agree not to make copies of such Confidential Information except as
authorized by the Company. You understand that “Confidential Information” includes, but is not limited to, information pertaining to any aspect of the Company’s business which is either information not known by actual or
potential competitors of the Company or is proprietary information of the Company or its customers or suppliers, whether of a technical nature or otherwise. 
  
 Your employment with the Company will be on an “at will” basis, meaning that either you or the Company may terminate your employment at any time for any reason
or no reason, without further obligation or liability. 
  
 If your employment is
terminated by the Company without cause (and not as a result of your death or disability), and if you sign a general release of known and unknown claims in form satisfactory to the Company, you will receive severance payments at your final base
salary rate, less applicable withholding, for a period of 6 months following the date of your termination without cause. Severance payments will be made in accordance with the Company’s normal payroll procedures. In the event that such
termination without cause occurs within one year following any Change of Control (and you sign the release of claims described above), in addition to receiving the severance payments described above, your unvested Company stock options shall
immediately vest in full. 
  
 For purposes of this Agreement:

  
 (a) “Change of Control” of the
Company shall be deemed to have occurred if the Company (i) is party to a merger, consolidation or exchange of securities which results in the holders of voting securities of the Company outstanding immediately prior thereto failing to continue to
hold at least 50% of the combined voting power of the voting securities of the Company, the surviving entity or a parent of the surviving entity outstanding immediately after such merger, consolidation or exchange; and 
  
 (b) a termination “for cause” occurs if you are
terminated for any of the following reasons: (i) theft, dishonesty, misconduct or falsification of any employment or Company records; (ii) improper disclosure of the Company’s confidential or proprietary information; (iii) any action by you
which has a material detrimental effect on the Company’s reputation or business; (iv) your failure or inability to perform any assigned duties after written notice to you of, and a reasonable opportunity to cure, such failure or inability; or
(v) your conviction (including any plea of guilty or no contest) for any criminal act that impairs your ability to perform your duties under this Agreement. 
  
 In the event of any dispute or claim relating to or arising out of this agreement, our employment relationship, or the termination of that relationship for any reason
(including, but not limited to, any claims of breach of contract, wrongful termination, fraud, retaliation, discrimination or harassment), we agree that all such disputes/claims will be resolved by means of a court trial conducted by the superior or
district court in San Francisco County, California. We hereby irrevocably waive our respective rights to have any such disputes/claims tried by a jury, and we agree that such courts will have personal and subject matter jurisdiction over all such
claims/disputes. In the event that this jury trial waiver is deemed invalid or unenforceable for any reason, we agree that all such disputes shall 
  

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 be fully, finally and exclusively resolved by binding arbitration conducted by the American Arbitration Association in
San Francisco County, California. 
  
 For purposes of federal immigration law, you
will be required to provide the Company documentary evidence of your identity and eligibility for employment in the United States. 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. 
  
 I am delighted to be able to extend
this offer to you on behalf of the Company and we look forward to working with you. To indicate your acceptance, please sign and date one copy of this letter, indicate your preferred starting date in the space provided, and return to the Company,
either in person or at the address shown below: 
  
 Design Within
Reach, Inc 
 Attention: Carmela Krantz 
 225 Bush Street 20th Floor 
 San Francisco, CA 94104 
  
 These agreements
together set forth the terms of your employment with the Company and supersede any prior representations or agreements, whether written or oral. This letter may not be modified or amended except by a written agreement, signed by both the Company and
you. 
  

							
	 Design Within Reach, Inc.
	  	 	  	 	  	 
				
	 	  	Date                         	  	 	  	 
	 Carmela D. Krantz
	  	 	  	 	  	 
	 Vice President Human Resources
	  	 	  	 	  	 
				
	 	  	Date                         	  	 	  	Not later then:
	 Tara Poseley
	  	 	  	 	  	August 9, 2004
	 Accepted and Agreed
	  	 	  	 	  	Anticipated Start Date

  
  

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