Document:

EX-10.5

 Exhibit 10.5 

AEROHIVE NETWORKS INC. 
 January 16, 2007

 David Flynn 
 Re: Offer of Employment 

Dear David: 
 On behalf of Aerohive Networks, Inc. (the
“Company” or “Aerohive”), I am pleased to offer you the position of Interim Chief Executive Officer of the Company. You will start in this new position as of February 1, 2007 (the “Effective
Date”), subject to the following terms and conditions contained in this letter. 
  

	1.	Duties and Responsibilities 

 You will be employed by the Company on a part-time basis as the Interim
Chief Executive Officer. The period you are employed by the Company as its Interim Chief Executive Officer is referred to herein as the “Interim Term”. During the Interim Term you will be expected to provide services for twenty
(20) hours per week on average. At the end of the Interim Term, the Company may in its discretion retain you as its Full-Time Chief Executive Officer. The period you are employed by the Company as its Full-Time Chief Executive Officer is
referred to herein as the “Succeeding Term”. The period you are employed by the Company under this offer letter, in either an interim or full-time capacity, is referred to herein as the “Employment Term”. 

As the Interim Chief Executive Officer or Full-Time Chief Executive Officer of the Company, you will report to the Company’s Board of Directors (the
“Board”) and have the duties and responsibilities customarily associated with such position, including, but not limited to, those duties and responsibilities that the Board may determine from time to time. You will devote your
agreed upon business efforts and time to the Company. Further, you agree not to actively engage in any other employment, occupation or consulting activity related to the business of the Company for any direct or indirect remuneration during the
Employment Term without the prior written approval of the Board. 
 In accepting employment with the Company, you are representing that you are under no
contractual or other restrictions or obligations that are inconsistent with your obligations arising in connection with your employment with the Company and that you have not and will not breach any obligations to any prior employer or third party
in connection with your employment with the Company. 

	2.	Cash Compensation 

 Interim Term 

During the Interim Term, you will receive an annual base salary of $150,000, which will be paid periodically in accordance with normal Company payroll
practices and will be subject to the usual, required withholding. 
 Succeeding Term 

If the Company decides to retain you as its Full-Time Chief Executive Officer, the Board will determine your base salary and bonus at the beginning of the
Succeeding Term. In the absence of Board action, during the Succeeding Term you will receive an annual base salary of $250,000, which will be paid periodically in accordance with normal Company payroll practices and will be subject to the usual,
required withholding. You will also be entitled to receive an annual cash bonus of up to $75,000, less applicable withholdings and deductions. This cash bonus will be based on meeting certain individual milestones and/or objectives that will be
determined and agreed upon within the first 60 days of the Succeeding Term. 
  

	3.	Benefits 

 You will be eligible to participate in the employee benefit plans currently and hereafter
maintained by the Company (at the Company’s discretion). The Company reserves the right to cancel or change the benefit plans and programs it offers to its employees at any time. 

You will be entitled to such paid vacation as is applicable to the Company’s executive officers, with the timing and duration of specific vacations
mutually and reasonably agreed to by you and the Company. 
  

	4.	Equity 

 First Option 

We will recommend to the Company’s Board that, at the first Board meeting following the Effective Date, you be granted a stock option to purchase 280,000
shares of the Company’s common stock with an exercise price equal to the fair market value of such common stock on the date of grant (the “First Option”). One-twelfth
(1/12th) of the shares subject to the First Option will vest each month after the date of grant, subject to your continued service with the Company as its Chief Executive Officer through each
such date. You will be given the opportunity to exercise the First Option as to unvested shares, subject to the right of the Company to repurchase any unvested shares at the price you pay for such shares upon your termination as the Company’s
Chief Executive Officer for any reason. Any such Company repurchase right will lapse in accordance with the same vesting schedule the First Option was to vest. In all other respects the First Option will be subject to the terms of the Company’s
2006 Global Share Plan (the “Plan”) and the early exercise option agreement (the “Option Agreement”) to be executed by you and the Company, both of which are incorporated herein by reference. 

  
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 Notwithstanding the foregoing vesting schedule, upon a Change in Control (as defined in the Plan) occurring while
you remain the Interim Chief Executive Officer of the Company, the First Option will immediately vest and become exercisable as to one hundred percent (100%) of the unvested shares subject to the First Option. 

Second Option 
 We will also recommend to the
Company’s Board that, at the first Board meeting following the Effective Date, you be granted a second stock option to purchase 2,240,000 shares of the Company’s common stock with an exercise price equal to the fair market value of such
common stock on the date of grant (the “Second Option”). Twenty-five percent (25%) of the shares subject to the Second Option will vest one (1) year after the commencement of the Succeeding Term and one-forty eighth (1/48th) of the shares subject to the Second Option will vest monthly thereafter, so that the Second Option will be fully vested and exercisable four (4) years from the commencement of the
Succeeding Term, subject to your continued service to the Company through each such date. You will be given the opportunity to exercise the Second Option as to unvested shares, subject to the right of the Company to repurchase any unvested shares at
the price you pay for such shares upon your termination as the Company’s Chief Executive Officer for any reason. Any such Company repurchase right will lapse in accordance with the same vesting schedule the Second Option was to vest. If by the
one-year anniversary of the Effective Date you have not commenced employment as the Company’s Full-Time Chief Executive Officer (or such earlier date as you and the Company agree that you will not become the Company’s Full-Time Chief
Executive Officer), the Second Option will automatically terminate to the extent not exercised and the Company will have the right to repurchase any shares purchased by you under the Second Option at the price you paid for such shares. In all other
respects the Second Option will be subject to the terms of the Plan and the early exercise option agreement to be executed by you and the Company, both of which are incorporated herein by reference. 

Notwithstanding the foregoing vesting schedule, if, within twelve (12) months after a Change in Control (as defined in the Plan), you are terminated by
the Company other than for Cause (as defined below), death or Disability (as defined in the Plan) or you resign for Good Reason (as defined below), and, in either case you sign and do not revoke a release, then, in addition to the portion of the
Second Option already vested by the date of such termination or resignation, the amount that equals fifty percent (50%) of the unvested shares subject to the Second Option will immediately vest and become exercisable. 

 

	5.	Definitions 

 For purposes of this letter, “Cause” means: (i) your engaging in knowing and
intentional illegal conduct that is determined by the Board to be materially injurious to the Company or any of its affiliates; (ii) your violation of a U.S. federal or state law or regulation or a law or regulation of any other jurisdiction
applicable to the Company’s business which violation was or is reasonably likely to be injurious to the Company or any of its affiliates; (iii) your material breach of the terms of any confidentiality agreement or invention assignment
agreement between you and the 

  
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 Company or any of its affiliates; (iv) your being convicted of, or entering a plea of nolo contendere to, a
felony involving any act of moral turpitude, dishonesty or fraud against, or the misappropriation of material property belonging to, the Company or its affiliates; (v) your continued and willful violations of your obligations to the Company as
an employee of, or consultant to, the Company or any of its affiliates and your failure to cure such violations within the thirty (30)-day period following written notice from the Board; or (vi) any breach by you of any material provision of
the terms of your employment or engagement by the Company that is determined by the Board to be materially injurious to the Company. 
 For purposes of this
letter, “Good Reason” means (i) without your written consent, the assignment to you of any duties or the reduction of your duties, either of which results in a significant diminution in your position or responsibilities with the
Company (including a parent or subsidiary of the Company) in effect immediately prior to such assignment or reduction, or the removal of you from such position and responsibilities, unless you are provided with comparable duties, position and
responsibilities (as, for example, if following a Change in Control, you remain Chief Executive Officer of the Company, but are not made Chief Executive Officer of the acquiring entity, Good Reason will not exist); (ii) without your written
consent, a substantial reduction, without good business reasons, of the facilities and perquisites (including office space and location) available to you immediately prior to such reduction; (iii) a material reduction by the Company (including
a parent or subsidiary of the Company) in your base salary or bonus opportunity as in effect immediately prior to such reduction; (iv) a material reduction by the Company (including a parent or subsidiary of the Company) in the kind or level of
employee benefits to which you are entitled immediately prior to such reduction with the result that your overall benefits package is significantly reduced; or (v) the failure of the Company to obtain the assumption of this letter by any
successor. 
  

	6.	Conditions to Employment 

 You should be aware that your employment with the Company constitutes
“at-will” employment. This means that your employment relationship with the Company may be terminated at any time with or without notice, with or without good cause or for any or no cause, at either party’s option. You understand and
agree that neither your job performance nor promotions, commendations, bonuses or the like from the Company give rise to or in any way serve as the basis for modification, amendment, or extension, by implication or otherwise, of your employment with
the Company. 
 As a condition of your employment, you are required to sign and comply with an At-Will Employment, Confidential Information, Invention
Assignment and Arbitration Agreement, which is hereby incorporated by reference. In the event of any dispute or claim relating to or arising out of our employment relationship, you and the Company agree that (i) any and all disputes between you
and the Company will be fully and finally resolved by binding arbitration, (ii) you are waiving any and all rights to a jury trial but all court remedies will be available in arbitration, (iii) all disputes will be resolved by a neutral
arbitrator who will issue a written opinion, (iv) the arbitration will provide for adequate discovery, and (v) the Company will pay all of the arbitration fees (not including legal expenses), other than the amount you would have otherwise
been required to pay to file a claim in court. 

  
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 Your employment is also conditioned upon your providing the Company with the legally required proof of your
identity and authorization to work in the United States. 
  

	7.	Applicable Law; Severability 

 The terms of this letter may only be amended, canceled or discharged in
writing signed by you and the Company. This letter will be governed by the internal substantive laws, but not the choice of law rules, of the State of California. In the event that any provision hereof becomes or is declared by a court of competent
jurisdiction to be illegal, unenforceable, or void, this letter will continue in full force and effect without such provision. 
  

	8.	Entire Agreement 

 If you accept this offer, and the conditions of this offer are satisfied, this letter,
together with the Plan, the Option Agreements, the At-Will Employment, Confidential Information, Invention Assignment and Arbitration Agreement, will constitute the complete agreement between you and the Company with respect to the initial terms and
conditions of your employment. Any representations, whether written or oral, not contained in this letter or contrary to those contained in this letter that may have been made to you are expressly cancelled and superseded by this letter. 

You acknowledge that you have carefully read and fully understand all the provisions of this Agreement, and are knowingly and voluntarily entering into this
Agreement. You further acknowledge that this offer and the terms and conditions contained herein are in all respects subject to approval by the Board. 
 If
you accept this offer, please sign and date this letter in the space provided below and return it to me no later than January 18, 2007. A duplicate original is enclosed for your records. We look forward to working with you at Aerohive. 

 

			
	Sincerely,
	
	/s/ Changming Liu
	Changming Liu
	For Aerohive Technology, Inc.

 I accept the above offer, 
  

					
			
	/s/ David Flynn	 		 	Dated: January 18, 2007
	David Flynn	 		 	

  
 5EX-10.6

 Exhibit 10.6 

December 31, 2012 
 Gordon Brooks 

Dear Gordy: 
 We believe that you will make an important
contribution to the success and growth of Aerohive Networks, Inc. (the “Company”). With this in mind, we are pleased to offer you the position of Chief Financial Officer, reporting to our CEO, David Flynn. This letter agreement is intended
to confirm the terms of your employment with us. 
 Consistent with this position, you will be expected to perform job-related duties as assigned from
time-to-time by your manager. Your primary job location would be at Aerohive Networks’ offices located in Sunnyvale, California, and at such other places as Aerohive Networks may direct over time. Your expected date of hire and commencement of
employment with Aerohive Networks is identified below. 
 Cash Compensation. This is an exempt position and your initial base salary would be
$250,000 on an annualized basis (before withholdings for applicable taxes, benefits and other deductions). You will also be eligible to participate in our performance-based compensation program, which is based on quarterly pay-outs dependent upon
achievement of MBOs defined and confirmed in writing by the Company. Your performance-based target is 25% of your base salary based on 60% Company performance and 40% your individual performance, with potential payments pro-rated for each quarterly
performance period. 
 The Company anticipates conducting for its employees a “FOCAL” compensation review in or about April 2013. You
understand that, as a new hire, you will not expect to participate in that review. However, otherwise and thereafter you will be eligible for future compensation reviews and adjustments, including with respect to compensation, benefits and Change in
Control protections provided to the Company’s executive staff as a whole. 
 All employment-related payments (including salary and expense
reimbursements) will be payable in accordance with Aerohive Networks’ standard payroll schedule and process and subject to withholding and payroll taxes and other deductions required by law. 

Stock Award. In conjunction with your commencement of employment, we will propose that our Board of Directors approve an option for you to purchase
840,321 shares of our Common Stock which is equal to 0.8% of the Company’s fully diluted capital. This option award is subject to such Board approval and to all terms and conditions of the specific Aerohive Networks option plan from which the
option award would issue. Once approved (and subject to your continuing employment in good standing), 25% of the shares subject to the option award would vest after 12 months of continuous services and the remaining shares would vest in equal
monthly installments over the next 36 months of continuous service (as described in the applicable stock option agreement). 

 Notwithstanding the foregoing vesting schedule, and consistent with similar protections offered to our
executives, if, within twelve (12) months after a Change in Control (as defined in the Plan), you are terminated by the Company other than for Cause (as defined below), death, or disability (as defined in the Plan) or you resign for Good
Reason (as defined below), and in either case you sign and do not revoke a standard form of release then-offered to the Company’s employees, then 50% of the then-unvested shares subject to your then-outstanding options at the time of your
termination or resignation will immediately vest and become exercisable. 
 For purposes of this letter agreement, “Cause” shall mean: 

 

	 	1.	Engaging in knowing and intentional illegal conduct materially injurious to the Company or any of its affiliates; 

  

	 	2.	Violation of a U.S. federal or state law or regulation or a law or regulation of any other jurisdiction applicable to the Company’s business which violation was or is reasonably likely to be injurious to the
Company or any of its affiliates; 

  

	 	3.	Material breach of the terms of any confidentiality agreement or invention assignment agreement between you and the Company or any of its affiliates; 

 

	 	4.	Conviction for, or entry of a plea of nolo contendere to, a felony involving any act of moral turpitude, dishonesty, or fraud against, or the misappropriation of material property belong to, the Company or its
affiliates; 

  

	 	5.	Significant job performance issues, or continued and willful violations of your obligations to the Company as an employee of, or consultant to, the Company or any of its affiliates and your failure to cure such
violations within the thirty (30)-day period following written notice from the CEO; or 

  

	 	6.	Any breach by you of any material provision of the terms of your employment or engagement by the Company materially injurious to the Company, 

in each case with respect to the foregoing, as determined by a resolution of the Board of Directors. 

For purposes of this letter agreement, “Good Reason” shall mean your resignation within thirty (30) days following the expiration of any
Company cure period (discussed below) following the occurrence of one or more of the following, without your consent: 
  

	 	1.	A material reduction in your authority, duties, or responsibilities with the Company (including a parent or subsidiary of the company) in effect immediately prior; to such reduction, unless you are provided with
comparable authority, duties, or responsibilities; 

  

	 	2.	A material change in the geographic location at which you must perform services, provided that in no instance will your relocation to a facility or a location of fifty (50) miles or less from your then-current
office location be deemed material for purposes of this letter agreement; 

  

	 	3.	A material reduction by the Company (including a parent or subsidiary of the Company) in your OTE as in effect immediately prior to such reduction, which does not similarly affect other executives; or 

 

	 	4.	Any material breach of this letter agreement by the Company. 

 You will not resign for “Good Reason” without first providing the Company with written notice of the
acts or omissions constituting the grounds for “Good Reason” within ninety (90) days of your initial discovery of the grounds for “Good Reason” and providing to the Company a reasonable cure period of not less than thirty
(30) days following the date of such notice. Your continued employment during any such discovery and cure period shall not constitute a waiver of your rights to assert Good Reason hereunder. 

The Company agrees to review the foregoing protections and benefits available to you in the event of termination of your employment by the Company other than
for Cause, or you for Good Reason, in either case within the twelve-month period following a Change in Control, in the event prior to the first anniversary of commencement of your employment the Company enters agreements with its other executives to
provide materially greater protections upon such Change of Control. 
 The exercise price of the shares subject to the award will be set at the time it is
approved by our Board of Directors. 
 Benefits. Aerohive Networks offers what we feel is a very competitive benefits package. A brief summary of
those benefits is enclosed for your review. You will need to review carefully the specific benefit plans to determine your eligibility and the applicable terms and conditions. Your eligibility to receive employee benefits and participate in
Company-sponsored programs will be subject in each case to the specific applicable terms and conditions for the benefits and programs in question (including as they may change or be administered over time). Please note that Aerohive Networks may
from time to time, in its discretion, adjust the benefits available to you and the Company’s other employees. 
 At Will Employment. During your
employment with Aerohive Networks, you will be expected to establish and maintain a professional, cordial relationship with co-workers, management, suppliers and customers. You will be expected to learn the requirements of the position and
satisfactorily meet performance objectives over time. You also will be expected to participate actively in Aerohive Networks’ performance improvement processes and, at all times as a condition of continuing employment, to abide by all
then-current Aerohive Networks policies and procedures and legal or regulatory requirements applicable to your employment. Aerohive Networks’ policies and procedures relating to employment can be found in the Company’s Employee Handbook,
which will be available via Jive. 
 You understand and agree that your employment with Aerohive Networks will at all times be “at will.” It is
not for a specific term and you or Aerohive Networks can terminate it at any time, for any reason or no reason, with or without cause and with or without notice. Although your job duties, title, compensation and benefits, as well as Aerohive
Networks’ personnel policies and procedures applicable to you, may change from time to time, the “at will” nature of your employment can only be changed in an express written agreement signed by you and our C.E.O. 

Arbitration. You and Aerohive Networks agree to submit to mandatory, exclusive and binding arbitration any controversy or claim arising out of, or
relating to, this letter agreement, your employment relationship, any benefit or compensation you claim as a result of your employment, or the fact or circumstances of employment termination, provided that the parties retain their right to, and will
not be in any way restricted from, seeking or obtaining equitable relief from a court having jurisdiction over the parties. 

 The determination of this arbitration will be final, binding and non-appealable by your or Aerohive Networks,
will be conducted through JAMS/Endipsute and subject to its rules then in-effect and will take place in Santa Clara County, State of California, before a single arbitrator. 

Aerohive Networks will bear the costs of the arbitrator; however, you and Aerohive Networks will each bear its own costs and fees (including attorneys’
costs and fees) incurred in conjunction with the arbitration (or otherwise in conjunction with any controversy or claim between us). 
 You and Aerohive
Networks agree that this arbitration requirement shall not apply to any dispute or claim relating to the misuse or misappropriation of the Company’s trade secrets or proprietary or confidential information. 

Other Conditions and Applicable Agreements. You also must provide appropriate identification establishing your identity and legal right to work within
the United States, and complete and return a form I-9 within the first three (3) days of your date of hire. This offer is also contingent upon satisfactory background and reference checks. In this regard,
you will be asked to consent to such background information and references as Aerohive Networks deems reasonably necessary, including confirmation of your past employment history, Social Security verification and criminal background. 

As a further condition of our offer and your initial and continuing employment with Aerohive Networks, you will be expected to sign and comply with certain
agreements and all Aerohive Networks policies and procedures concerning benefits, confidential information, assignment of inventions, arbitration of disputes, business conduct, among others. In this regard, you will be asked to sign and return in
conjunction with your acceptance of this offer the enclosed Proprietary Information and Inventions Agreement and Agreement to Arbitrate Disputes and Claims. These agreements, and the additional policies and procedures applicable to you
at all times during employment with Aerohive Networks, contain important conditions effecting your employment and your legal rights in general. Please read and review them carefully and feel free to consult with your attorney or other advisor
concerning their terms, significance and effect on you. 
 This is Our Complete Agreement. This letter agreement is the full, complete and only
agreement between you and Aerohive Networks regarding your employment and Aerohive Networks’ employment relationship with you. Any contrary communications, representations, promises or assurances which may have been made or be made to you,
concerning any aspect of your employment, are superseded by this offer and of no binding effect on Aerohive Networks. Any additions or modifications of these terms would have to be in writing and signed by you and our C.E.O. in order to be effective
and binding on Aerohive Networks. 
 If acceptable, please sign, date and return to Human Resources this letter agreement, along with the enclosed
additional documents. If not accepted before the close of business on January 7, 2012, this letter agreement and employment offer will automatically expire. 

 If there are any questions or concerns, please contact me. 

We are excited to have you join our team and look forward to working with you at Aerohive Networks. Welcome aboard! 

 

			
	Sincerely,
	
	Aerohive Networks, Inc.
		
	By:	 	/s/ David Flynn
	
	David Flynn
	Chief Executive Officer

 I have read and understand this employment offer and agreement and accept its terms as a condition of my initial and
continuing employment with. Aerohive Networks. I also specifically understand that Aerohive Networks may revoke this offer at any time, and for any reason, prior to my actual commencement of employment and without obligation or liability to me, and
that my continuing employment thereafter with shall be “at will”, subject to my compliance with all policies or procedures in effect, and terminable by me or by Aerohive Networks at any time, for any reason, with or without cause and with
or without notice. 
  

			
	
	/s/ Gordon C. Brooks
		
	Dated:	 	January 7, 2013
	
	January 16, 2013
	[confirmed start date]

  

	Attachments:	Proprietary Information Agreement 
Agreement to Arbitrate Disputes and Claims 
Employee Benefit Guide

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