Document:

Exhibit 10.1

 

 

August 12, 2011

 

Roger A. Cregg

5441 Orchard Ridge Drive

Rochester, MI 48306

 

Dear Roger,

 

We are pleased to extend to you this offer of employment for the position of Senior Vice President & Chief Financial Officer for ServiceMaster. In this position, you will report to Hank Mullany, Chief Executive Officer.  Your effective start date will be based on mutual agreement.

 

Your base compensation in this position will be at an annual rate of $600,000.  This will be paid semi-monthly on the 15th and the last business day of each month.

 

For 2011, you will be eligible to receive a bonus payment with a target of 70% of your base salary under the 2011 Annual Bonus Plan (“ABP”).   You will receive a bonus for 2011 and 2012 of no less than 50% of your stated target bonus.  Any bonus payable for 2011 will be prorated and paid in accordance with plan guidelines.

 

You will receive a $100,000 sign-on bonus, payable after thirty (30) days of employment.  You will be required to sign a Sign-On Bonus Repayment Agreement, included with your new hire paperwork.

 

Upon approval by the Compensation Committee of the Board of Directors, you will have the opportunity to participate in the ServiceMaster Global Holdings, Inc. Stock Incentive Plan by investing up to $1,000,000, with a minimum investment of $500,000 required, at the next offering of the sale of shares following your start date.  The value of the shares at the time of your purchase will be the Fair Market Value (as defined in the Plan documents), as determined by the Compensation Committee of the Board of Directors.  The number of shares you receive will be determined by dividing the amount of your investment by the Fair Market Value per share.

 

If you choose to purchase the shares offered to you, you will also be granted four (4) options for each share purchased.  Each option will have a strike price equal to the Fair Market Value of a share of stock at the time of the grant of the options.

 

You will also be granted 75,000 restricted stock units (RSUs) that will vest ratably over a period of three years from the date of the grant.

 

Additional information on the Plan, including the Plan documents, will be provided to you.

 

 

You will receive the Tier V relocation package per the attached relocation policy.  You will be required to sign a Relocation Repayment Agreement, included with your new hire paperwork.  Please contact Jennifer McDonald, Relocation Manager, at 901-597-1459 if you have any questions.

 

All compensation, including bonus and incentive payments, if applicable, will be subject to payroll deductions.

 

This offer of employment is contingent on your execution of a ServiceMaster Non-Compete/Non-Solicitation/Confidentiality agreement (enclosed) and your agreement to utilize ServiceMaster’s alternative dispute resolution program We Listen (full details enclosed) to resolve any and all work-related disputes/concerns and to arbitrate such disputes if they are not resolved.  Full details regarding the We Listen program are available from your manager or HR representative.

 

ServiceMaster offers you a comprehensive and flexible benefits package that allows you to choose coverage that best meets your needs.  Regular, full-time associates are eligible to participate in medical, dental, vision, disability and life insurance, the legal services plan, and reimbursement accounts.  Coverage for most plans is effective the first of the month following or coincident with three consecutive months of service; however, disability coverage is effective the day following the completion of twelve consecutive months of service.  The ServiceMaster LifeManagement Program—ServiceMaster’s EAP—is available to you and your immediate family members on your first day of employment.

 

The ServiceMaster Profit Sharing and Retirement Plan provides you a convenient way to save for retirement.  You will be automatically enrolled in the 401(k) at a 3% contribution rate after completing 90 days of service.  You may increase, decrease, or stop your 401(k) contributions at any time before or after your automatic contributions to the plan begin.

 

Additional information on all health and welfare and retirement benefits will be mailed to your home approximately six weeks after your date of hire.

 

You are eligible for four (4) weeks of vacation per calendar year in addition to personal days, sick time and holidays.

 

This offer of employment is contingent upon successfully passing a drug-screening test and criminal background check.  This offer is also contingent upon the completion of verification of the facts you have given on your application for employment and I-9 form.

 

This letter shall not constitute an employment contract and nothing herein changes your status as an “at-will” employee.

 

If you have any questions please do not hesitate to call me at (901)597-1852.  Please return your signed offer letter, along with the completed new hire paperwork, to me within seven (7) days of the date of this offer.

 

Roger, we look forward to having you as a key member of the ServiceMaster leadership team.  Our success hinges upon the people who make up our organization and we are excited about the strength you will lend to our team.

 

 

Sincerely,

 

 

	
/s/   Jed Norden
    	
 
    
	
 
    	
 
    
	
Jed   Norden
    	
 
    
	
Senior   Vice President, Human Resources
    	
 
    
	
The   ServiceMaster Company
    	
 
    

 

 

I accept this offer of employment under the terms and conditions set forth above.

 

 

	
Signature:
    	
/s/   Roger A. Cregg
    	
 
    	
Date:
    	
8-15-11Exhibit 10.15(i)

FIFTH AMENDMENT TO LEASE

 

1060 East Meadow Circle

Palo Alto, California

 

THIS FIFTH AMENDMENT TO LEASE (this “Amendment”), dated for reference purposes as of October 4, 2011, is made and entered into by and between BALZER FAMILY INVESTMENTS, L.P., a California limited partnership (formerly HDP Associates, LLC) (“Lessor”), and ANACOR PHARMACEUTICALS, INC., a Delaware corporation (formerly AnaMax, Inc.) (“Lessee”).

 

RECITALS

 

A.            Lessor and Lessee entered into a Lease dated October 16, 2002 (the “Original Lease”), as amended by Amendment to Lease dated January 21, 2003 (the “First Amendment”), as amended by Second Amendment to Lease dated August 1, 2005 (the “Second Amendment”), as amended by that letter agreement dated September 18, 2006 (the “Letter Agreement”), as amended by the Third Amendment to Lease dated September 23, 2008 (the “Third Amendment”), and as amended by the Fourth Amendment to Lease dated February 10, 2009 (the “Fourth Amendment”), with regard to the Premises commonly known as 1060 East Meadow Circle, Palo Alto, California. The Original Lease, the First Amendment, the Second Amendment, the Letter Agreement, the Third Amendment, and the Fourth Amendment are referred to herein collectively as the “Lease.”

 

B.            Lessor and Lessee now wish to enter into this Amendment to amend further the Lease, among other things to extend further the Expiration Date of the initial term of the Lease, to specify the Monthly Base Rent during the extension of the initial term pursuant to this Amendment, to specify the Monthly Base Rent during the two option periods of one (1) year each if the options to extend are exercised, and to amend the Lease in certain other respects as provided herein.

 

AGREEMENT

 

NOW, THEREFORE, in consideration of the mutual covenants contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:

 

1.             Definitions. All capitalized terms and phrases used but not defined in this Amendment shall have the meanings given to them in the Lease unless otherwise expressly provided herein.

 

 

2.             Initial Term. The first sentence of Paragraph 2(a) of the Original Lease, as previously amended, is further amended to read as follows:

 

“(a)         The initial term of the Lease commenced on January 1, 2003 (the “Commencement Date”), and shall expire on December 31, 2013 (the “Expiration Date”), unless sooner terminated or extended in accordance with the provisions hereof.”

 

3.             Monthly Base Rent. Paragraph 3(a) of the Original Lease, as previously amended, is further amended to read as follows:

 

“3.           Monthly Base Rent.

 

(a)           Lessee shall pay to Lessor during the period from January 1, 2012 to and including December 31, 2013 Monthly Base Rent as follows:

 

	
Period
    	
 
    	
Rent/SF/Mo./NNN
    	
 
    	
Amount
    	
 
    
	
January 1, 2012 — December 31, 2012
    	
 
    	
$
    	
1.40
    	
 
    	
$
    	
21,420.00
    	
 
    
	
January 1, 2013 — December 31, 2013
    	
 
    	
$
    	
1.44
    	
 
    	
$
    	
22,032.00
    	
 
    

 

Monthly Base Rent shall be payable on a NNN basis and shall be payable by Lessee to Lessor in accordance with Paragraph 5 of the Original Lease.”

 

4.             Options to Extend. Paragraph 35, Options to Extend, of the Third Amendment is amended by deleting subparagraph (b) and replacing subparagraph (b) with the following:

 

“(b)         Lessee shall pay to Lessor during the option periods, if exercised, Monthly Base Rent as follows:

 

	
Period
    	
 
    	
Rent/SF/Mo./NNN
    	
 
    	
Amount
    	
 
    
	
January 1, 2014 — December 31, 2014
    	
 
    	
$
    	
1.48
    	
 
    	
$
    	
22,644.00
    	
 
    
	
January 1, 2015 — December 31, 2015
    	
 
    	
$
    	
1.52
    	
 
    	
$
    	
23,256.00
    	
 
    

 

5.             Tenant Improvements.

 

(a)           Lessor shall at Lessor’s expense cause the following improvements to be made to the Premises:

 

(1)           Eliminate the leaks in the roof and windows and water test and seal the roof and the windows;

 

2

 

(2)           Seal the HVAC unit serving the Valerium to prevent dust and insects from entering the Building; and

(3)           Upgrade the lighting fixtures in the Building with lighting fixtures manufactured by a company approved by Lessee.

 

(b)           Ryan Balzer of W.F. Batton Management Company will oversee the performance of the work described in subparagraph (a).

 

(c)           Lessor shall contribute the sum of up to Fifty Thousand Dollars ($50,000.00) (“Lessor’s Contribution”) to the cost of connecting the 1060 East Meadow Circle Building to the Palo Alto Fiber Optics cables. Any cost to connect the Building to the Palo Alto Fiber Optics cables in excess of Lessor’s Contribution shall be paid by Lessee. The cost of any repairs, maintenance, or replacement of the Fiber Optics cables connected to the Building shall be an Operating Expense of the Premises payable by Lessee pursuant to Paragraph 5(b) of the Original Lease; and any taxes, assessments, levies, service charges, fees, and other charges of any kind payable for the Fiber Optics connection to the Building shall constitute “Taxes” payable by Lessee pursuant to Paragraph 5(c) of the Original Lease.

 

6.             No Real Estate Commission. No real estate commission shall be payable by Lessor with respect to this Amendment, any option extension period exercised by Lessee, or any other extension of the term of the Lease as amended by this Amendment.

 

7.             Continuing Effect. The Lease shall remain in full force and effect as amended by this Amendment.

 

8.             Counterparts. This Amendment may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

 

(Signatures appear on the following page.)

 

3

 

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed, as of the date first above written.

 

	
 
    	
LESSOR:
    
	
 
    	
 
    
	
 
    	
BALZER   FAMILY INVESTMENTS, L.P., a California limited partnership
    
	
 
    	
 
    
	
 
    	
By:
    	
W.F.   BATTON MANAGEMENT COMPANY, a California corporation Its General Partner
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Harold Balzer
    
	
 
    	
 
    	
Harold Balzer
    
	
 
    	
 
    	
President
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
LESSEE:
    
	
 
    	
 
    
	
 
    	
ANACOR   PHARMACEUTICALS, INC.,
    
	
 
    	
a   Delaware corporation
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   David Perry
    
	
 
    	
Its:
    	
CEO
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Lucy O. Day
    
	
 
    	
Its:
    	
VP,   Finance
    

 

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