Document:

1999 Omnibus Stock Incentive Plan Deferred Stock Agreement

 Exhibit 10.14 
 TUMBLEWEED COMMUNICATIONS CORP. 
 1999 OMNIBUS STOCK INCENTIVE PLAN 
 DEFERRED STOCK AGREEMENT 
 This
DEFERRED STOCK AGREEMENT (this “Agreement”), dated as of the [—] day of [—], 200[—], is entered into by and between Tumbleweed
Communications Corp., a Delaware corporation (the “Company”), and [—], an employee of the Company (the “Grantee” and, together with the Company, the “Parties”). Capitalized terms
used but not otherwise defined in this Agreement shall have the respective meanings set forth in the Tumbleweed Communications Corp. 1999 Omnibus Stock Incentive Plan, as amended (the “Plan”). 
 RECITALS 
 WHEREAS, the Board has
determined that it is in the best interests of Company and its stockholders to grant the Grantee a deferred stock award with respect to designated shares of the Company’s Common Stock, pursuant to, and subject to the terms and provisions of the
Plan and this Agreement; 
 NOW, THEREFORE, in consideration of the Grantee’s services to the Company received prior to the date hereof
and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereto agree as follows: 
 1. Grant of Deferred Stock. 
 Grant of Deferred Stock. The Company hereby grants to the Grantee an award with respect
to [—] shares of the Company’s Common Stock (the “Deferred Stock”) on the terms and conditions set forth in this Agreement and as otherwise provided in the Plan. 
 2. Restrictions and Deferral Period. 
 a. Restrictions. Neither the award nor the shares of Deferred Stock subject to the award granted hereunder may be sold, assigned, transferred, pledged, hypothecated or otherwise disposed of and shall be subject to a risk of
forfeiture as described in Paragraph 4 below until the lapse of the Deferral Period (as defined below). 
 b. Deferral Period. Unless
the Deferral Period is previously terminated pursuant to Paragraph 4 of this Agreement, the restrictions set forth above shall lapse and the Grantee’s right to the shares of Deferred Stock shall become fully vested and non-forfeitable as set
forth on Schedule 1 hereof (the “Deferral Period”) and such shares of Deferred Stock subject to the award hereunder shall be issued to the Grantee as soon as practicable following such date. Notwithstanding anything to the 

 
contrary, the issuance of the shares of Deferred Stock hereunder shall be conditioned upon Grantee making adequate provision for federal, state or other tax
withholding obligations, if any, which arise upon the issuance of the shares upon the expiration of the Deferral Period, whether by withholding, direct payment to the Company, or otherwise. 
 3. Rights of a Stockholder. Prior to the date of issuance, the Grantee shall have none of the rights of a stockholder of the Company with respect
to the Deferred Stock, including, but not limited to, the right to receive dividends and the right to vote such shares. 
 4.
Cessation of Employment. If the Grantee’s employment status with the Company is terminated for any reason, then this award and the Deferred Stock subject thereto, shall be forfeited to the Company, and neither the Grantee nor any of his
successors, heirs, assigns, or personal representatives shall thereafter have any further rights or interests in this award or such shares of Deferred Stock. 
 5. Tax Consequences. Set forth below is a brief summary as of the Date of grant of certain United States federal tax consequences of the award of the Deferred Stock. 
 THIS SUMMARY DOES NOT ADDRESS SPECIFIC STATE, LOCAL OR FOREIGN TAX CONSEQUENCES THAT MAY BE APPLICABLE TO GRANTEE. GRANTEE UNDERSTANDS THAT THIS SUMMARY IS NECESSARILY
INCOMPLETE, AND THE TAX LAWS AND REGULATIONS ARE SUBJECT TO CHANGE. 
 TO ENSURE COMPLIANCE WITH TREASURY DEPARTMENT REGULATIONS, GRANTEE IS ADVISED THAT,
UNLESS OTHERWISE EXPRESSLY INDICATED, ANY FEDERAL TAX ADVICE CONTAINED IN THIS RESTRICTED STOCK AGREEMENT WAS NOT INTENDED OR WRITTEN TO BE USED, AND CANNOT BE USED, FOR THE PURPOSE OF (I) AVOIDING TAX-RELATED PENALTIES UNDER THE CODE OR
(II) PROMOTING, MARKETING OR RECOMMENDING TO ANOTHER PARTY ANY TAX-RELATED MATTERS ADDRESSED HEREIN. 
 The Grantee shall recognize
ordinary income at the time or times the restrictions lapse with respect to the shares of Deferred Stock that have been issued following the expiration of the Deferral Period in an amount equal to the fair market value of such shares on each such
date and the Company shall be required to collect all the applicable withholding taxes with respect to such income. The obligations of the Company under the Plan are conditioned on your making arrangements for the payment of any such taxes.

 BY SIGNING THIS AGREEMENT, THE GRANTEE REPRESENTS THAT HE HAS REVIEWED WITH HIS OWN TAX ADVISORS THE FEDERAL, STATE, LOCAL AND FOREIGN TAX CONSEQUENCES OF
THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT AND THAT HE IS RELYING SOLELY ON SUCH ADVISORS AND NOT ON ANY STATEMENTS OR REPRESENTATIONS OF THE COMPANY OR ANY OF ITS AGENTS. THE 

  

 2 

 
GRANTEE UNDERSTANDS AND AGREES THAT HE (AND NOT THE COMPANY) SHALL BE RESPONSIBLE FOR ANY TAX LIABILITY THAT MAY ARISE AS A RESULT OF THE TRANSACTIONS
CONTEMPLATED BY THIS AGREEMENT. 
 6. Termination of this Agreement. Upon termination of this Agreement, all rights of the Grantee
hereunder shall cease. 
 7. Miscellaneous. 
 a. Notices. Any notice required or permitted under this Agreement shall be deemed given when delivered personally, or when deposited in a United States Post Office, postage prepaid, addressed, as appropriate,
to the Grantee either at his address herein below set forth or such other address as he may designate in writing to the Company, or to the Company to the attention of the Chief Financial Officer, at the Company’s address or such other address
as the Company may designate in writing to the Grantee. 
 b. Failure to Enforce Not a Waiver. The failure of the Company or the
Grantee to enforce at any time any provision of this Agreement shall in no way be construed to be a waiver of such provision or of any other provision hereof. 
 c. Governing Law. This Agreement shall be governed by and construed according to the laws of the State of California without giving effect to the choice of law principles thereof. 
 d. Amendments. This Agreement may be amended or modified at any time by an instrument in writing signed by the Parties. 
 e. Agreement Not a Contract of Employment. Neither the grant of Deferred Stock, this Agreement nor any other action taken in connection herewith
shall constitute or be evidence of any agreement or understanding, express or implied, that the Grantee is an employee of the Company or any subsidiary of the Company. 
 f. Entire Agreement; Plan Controls. This Agreement and the Plan contain the entire understanding and agreement of the Parties concerning the subject matter hereof, and supersede all earlier negotiations and
understandings, whether written or oral, between the Parties with respect thereto. This Agreement is made under and subject to the provisions of the Plan, and all of the provisions of the Plan are hereby incorporated by reference into this
Agreement. In the event of any conflict between the provisions of this Agreement and the provisions of the Plan, the provisions of the Plan shall govern. By signing this Agreement, the Grantee confirms that he has received a copy of the Plan and has
had an opportunity to review the contents thereof. 
  

 3 

 g. Captions. The captions and headings of the sections and subsections of this Agreement are
included for convenience only and are not to be considered in construing or interpreting this Agreement. 
 h. Counterparts. This
Agreement may be executed in counterparts, each of which when signed by the Company or the Grantee will be deemed an original and all of which together will be deemed the same agreement. 
 i. Assignment. The Company may assign its rights and delegate its duties under this Agreement. If any such assignment or delegation requires
consent of any state securities authorities, the parties agree to cooperate in requesting such consent. This Agreement shall inure to the benefit of the successors and assigns of the Company and, subject to the restrictions on transfer herein set
forth, be binding upon the Grantee, his heirs, executors, administrators, successors and assigns. 
 j. Severability. This Agreement
will be severable, and the invalidity or unenforceability of any term or provision hereof will not affect the validity or enforceability of this Agreement or of any other term or provision hereof. Furthermore, in lieu of any invalid or unenforceable
term or provision, the Parties intend that there be added as a part of this Agreement a valid and enforceable provision as similar in terms to such invalid or unenforceable provision as may be possible. 
 [Remainder of page intentionally left blank] 
  

 4 

 IN WITNESS WHEREOF, the Parties have executed this Agreement on the day and year first above written.

  

			
	TUMBLEWEED COMMUNICATIONS CORP.
		
	By	 	 

 The undersigned hereby accepts and agrees to all the terms and provisions of the foregoing Agreement. 

 

	
	  

	
	  

	Number of Shares
	
	  

	  

	Address

  

 5 

 Schedule 1 
 [Insert Vesting Schedule / Performance Vesting Here] 
 [Notwithstanding anything to the contrary herein, the if a Change of Ownership Control is
consummated prior to February [—], 2009 and during your tenure with the Company as [—], all of the Deferred Stock subject to this Agreement shall immediately be issued and
shall fully vest concurrent with the closing of such Change of Ownership Control. 
 For purposes of this paragraph, a “Change of Ownership
Control” means any sale of all or substantially all of Tumbleweed’s assets, or any merger, consolidation, or stock sales that results in the holders of Tumbleweed’s capital stock immediately prior to such transaction owning less than
50% of the voting power of Tumbleweed’s capital stock immediately after such transaction.] 
  

 6Employment Offer Letter

 Exhibit 10.59 
 December 27, 2007 
 Mr. Gerald M. Haines II 
 57 Alderbrook Drive 
 Topsfield, Massachusetts 01983 
 Dear Gerry: 
 I am pleased to extend this offer of employment to join Verenium in the position of Executive Vice President and Chief Legal Officer
reporting to Carlos Riva. I look forward to having you join the executive team in this position which is so critical at this stage of our company’s development. We extend this offer, and the opportunity it represents, with great confidence in
your abilities and a belief that you can make a significant contribution to Verenium’s strategic growth plan. 
 Base Salary and Annual Bonus 

 Your annual base salary will be $280,000 per year less applicable deductions and withholdings. Compensation will be paid semi-monthly at the rate of
$11,666.66 which is your annual salary divided by twenty-four (24) pay periods. You will be eligible to achieve a target annual bonus payout of 50% of your base salary. It is Verenium’s policy to prorate any potential bonus awards based on
the actual number of months employed during the first year of employment. 
 Stock Options 
 Subject to approval by Verenium’s Board of Directors you will be granted an option (in the form of an Incentive Stock Option) to acquire 250,000 shares of
Verenium’s common stock at an exercise price equal to the fair market value at the time of grant. Option vesting for 150,000 will occur as follows: 25% after 12 months of employment, quarterly thereafter on the remaining 75% over the subsequent
three years. Option vesting for 100,000 shares will be performance based and will vest at 100% on the seventh anniversary of the grant date or be subject to accelerated vesting based upon achievement of corporate goals as determined by the
Compensation Committee of the Board of Directors. 
 Benefits 
 You will be eligible to participate in all Verenium benefits including medical, dental, vision, disability and life insurance upon hire. The cost of coverage for these benefits will be shared between you and Verenium; the employee
contributions are extremely competitive and are listed on the attached summary. You will also be eligible to enroll in our 401(k) Plan on the first of the month following your date of hire. We are pleased to offer you four weeks (20 days) of paid
vacation time; this is in addition to 12 paid holidays. The Company reserves the right to evaluate and amend these benefits in support of business needs. Please see enclosed benefit summary for further detail on our benefit programs. 
 Compliance Agreements 
 As a condition of employment, there are
several documents requiring your review and signature: Verenium’s Invention and Non-Disclosure Agreement, Attachment A; compliance with the Immigration Reform and Control Act of 1986, requiring you to provide documentation verifying your
employment eligibility as of your first day of employment (Attachment B) and the completion of a background check (Attachment C). 
  

 An employment contract will be offered to you within the first 30 days of employment which will address other employment
related considerations. In addition, attached please find an executive Indemnity Agreement for review and execution. (Attachment D). If the terms of this offer are acceptable, please sign and return a copy of this letter, together with an executed
copy of Attachments A, C and D to me. 
 Gerry, I am hopeful you will accept this offer to join the Verenium senior leadership team as we prepare for
a very important 2008 in this exciting and dynamic industry. I look forward to hearing from you and please do not hesitate to contact me (617-674-5330) directly with any questions, concerns or comments. 
 Sincerely, 
 /s/ Mary Ellen Jones 
 Mary Ellen Jones 
 Senior Vice President, Human Resources 
 I accept Verenium’s employment offer as set forth in this letter agreement: 
  

					
	/s/ Gerald M. Haines, II	  		 	 
	Gerald M. Haines, II	  		 	Date

 Attachments: 
 Attachment A: Employee Invention and Non-Disclosure Agreement 
 Attachment B: Form I-9, Employment Eligibility Verification 
 Attachment C: Fair Credit Reporting Act, Disclosure and Authorization 
 Attachment D: Indemnity Agreement

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00139-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00139-of-00352.parquet"}]]