Document:

Offer Letter, dated 02/09/1996, between Bradley R. Langdale and the Registrant

 Exhibit 10.5 
 

 
 February 9, 1996 
 Mr. Bradley R. Langdale 
 Dear Brad: 
 We are pleased to offer you the position of Director, Finance at a starting salary of $95,000 per year. We
shall expect you to start no later than February 19, 1996. As we discussed, in six months we expect to either hire a CFO or promote you to the CFO position. 
 As a senior member of the Team, you will be eligible to receive options under the Company’s Stock Option Plan as may be determined by the sole discretion of the Board of Directors. I shall recommend to the Board to issue you an option
to purchase 30,000 shares of Common Stock, vesting over 5 years and exercisable at fair market value, as determined by the Board of Directors, at the time the option is granted. 
 This is an exempt position. You will receive group medical and dental care at the Company’s expense in accordance with our group medical plan, with dependent coverage available at your expense. This coverage
should begin on the first day of your employment. You will be accorded all of the benefits set forth in our Employee Handbook and you will agree to abide by the policies and procedures set forth in our Employee Handbook. The policies and procedures
of the Employee Handbook may be amended from time to time at the direction of the Board of Directors. 
 I shall recommend to the Board to vest all your
options fully in case the Company is acquired. 
 You must sign a copy of the Company’s non-disclosure and confidentiality agreement which will remain
in effect during and after your employment. You will also need to provide proof of your identity and authorization to work in the United States as required by the immigration laws, in addition to the customary tax forms. Masimo is an at-will
employer, and your employment may be terminated at any time by you or Masimo. Your employment may be terminated at any time with or without cause or advance notice. 
 This letter sets forth all the terms of our offer, and it supersedes all prior agreements and discussions. These terms cannot be modified or amended by any supervisor or by any action of the Company except a written
agreement signed by the President. 
 

 

 To confirm that you agree to these terms, please sign and date the enclosed copy of this letter and return it to me
before commencing employment. We welcome you as part of the Team and look forward to a mutually satisfactory relationship. 
  

					
	 Sincerely,
	 		 	
			
	 /s/ Joe E. Kiani
	 		 	 
	 Joe E. Kiani
	 		 	
	 President & CEO
	 		 	
			
	 I agree to the terms stated in this letter.
	 		 	
			
	 /s/ Bradley R. Langdale
	 		 	 Dated: 2/12/96

	 Bradley R. LangdaleOffer Letter, dated 05/29/2002, between Chris Kilpatrick and the Registrant

 Exhibit 10.6 
 

 
 May 29, 2002 
 Mr. Chris
Kilpatrick 
 Dear Chris: 
 It is with great pleasure that we
extend this formal offer to you to join Masimo Corporation as Vice President, Business Development and General Counsel, reporting to me. A detailed job description will be provided to you during your New Hire Orientation. 
 Terms and conditions of this offer include the following: 
  

			
	Starting Date:	  	No later than June 30, 2002.
		
	Annual Salary:	  	$175,000 paid at a semi-monthly rate of $7,291.67 per pay period.
		
	Annual Bonus:	  	Upon profitability, you will be eligible to participate in Masimo’s Bonus Plan for up to 30% of your salary based on Company and individual objectives being met.
		
	Business Expenses:	  	Business and travel expenses reimbursed per Company policy.
		
	Benefits:	  	Benefits including health/dental and other insurance, 401(k), vacation, holiday, and sick leave will be per Company policy. Insurance coverage will begin the first of the month following 30
days of consecutive employment.

 As a member of our Team, you will be eligible to receive options under Masimo’s Stock Option Plan as
determined by the Board of Directors. It will be recommend to the Board to issue you an option to purchase 75,000 shares of Common Stock, vesting 20% per year over five years and exercisable at fair market value, as determined by the Board of
Directors, at the time the option is granted. In the event of a change of control of the Company, vesting of stock options will accelerate such that 100% of unvested options shall be vested prior to consummation of such change of control.

 This offer is contingent upon your signing an Employee Confidentiality Agreement and Arbitration Agreement at the start of your employment, satisfactory
verification of your references, and confirmation that you are not under any contractual or legal restrictions with a previous employer that may impair your ability to perform your duties for Masimo. On your first day of employment, you must provide
proof of eligibility to work in the United States. 
 

 

 Mr. Chris Kilpatrick 
 May 29, 2002 
 Page 2 of 2 
 Employment with
Masimo Corporation is “at-will” and not for a specific term. This means that either you or the Company is free to terminate your employment relationship at any time with or without reason or advanced notice. You will receive a copy of
Masimo’s Employee Handbook during your new hire orientation. It is your responsibility to familiarize yourself with the contents of the Handbook as well as Company policies and procedures. 
 This letter sets forth all the terms of our offer and it supersedes all prior offers, agreements and discussions, whether written or oral. The terms of this offer cannot
be modified or amended by any supervisor or by any action of Masimo except a written agreement signed by an officer of the Company. 
 Please acknowledge
your acceptance of this offer by signing below and returning the original. If we have not received your signed acceptance by May 30, 2002, this offer will be withdrawn. 
 If there are any questions relative to this offer or any aspects of the Company, please feel free to contact me. We look forward to your joining our Team, and we are confident your employment will be a mutually
rewarding experience. 
  

					
	 Sincerely,
	 		 	
			
	 /s/ Joe E. Kiani
	 		 	 
	 Joe E. Kiani
	 		 	
	 President & CEO
	 		 	
			
	 Offer Acceptance:
	 		 	
			
	 /s/ Chris Kilpatrick
	 		 	 5/29/02

	 Chris Kilpatrick
	 		 	DateOffer Letter, dated 02/15/1996, between Yongsam Lee and the Registrant

 Exhibit 10.7 
 February 15, 1996 
 Mr. Yongsam Lee 
 Dear Yongsam: 
 We are pleased to offer you the position of Network Administrator at a starting salary of $70,000 per year. We shall expect you to start no later than March 1,
1996. Because of the nature of your position, you will occasionally be expected to work during non-standard business hours. 
 In order for you to meet
commitments to your previous employer, UCI, you will be allowed to take unpaid personal time off in half or one day increments for a total time off that is not to exceed two weeks. This time off must be taken during the period from March 1,
1996 to July 1, 1996. Any future time off will be subject to the normal company policy. 
 As a member of the Team, you will be eligible to receive
options under the Company’s Stock Option Plan as may be determined by the sole discretion of the Board of Directors. Mr. Joe Kiani, President and CEO, shall recommend to the Board to issue you an option to purchase 5,000 shares of Common
Stock, vesting over 5 years and exercisable at fair market value, as determined by the Board of Directors, at the time the option is granted. 
 This is an
exempt position. You will receive group medical and dental care at the Company’s expense in accordance with our group medical plan, with dependent coverage available at your expense. This coverage should begin on the first day of your
employment. You will be accorded all of the benefits set forth in our Employee Handbook and you will agree to abide by the policies and procedures set forth in our Employee Handbook. The policies and procedures of the Employee Handbook may be
amended from time to time at the direction of the Board of Directors. 
 You must sign a copy of the Company’s non-disclosure and confidentiality
agreement which will remain in effect during and after your employment. You will also need to provide proof of your identity and authorization to work in the United States as required by the immigration laws, in addition to the customary tax forms.
Masimo is an at-will employer, and your employment may be terminated at any time by you or Masimo. Your employment may be terminated at any time with or without cause or advance notice. 

 This letter sets forth all the terms of our offer, and it supersedes all prior agreements and discussions. These terms
cannot be modified or amended by any supervisor or by any action of the Company except a written agreement signed by the President. 
 To confirm that you
agree to these terms, please sign and date the enclosed copy of this letter and return it to me before commencing employment. We welcome you as part of the Team and look forward to a mutually satisfactory relationship. 
  

					
	 Sincerely,
	 		 	
			
	 /s/ Rex J. McCarthy
	 		 	 
	 Rex J. McCarthy
	 		 	
	 Director of Software Development
	 		 	
			
	 I agree to the terms stated in this letter.
	 		 	
			
	 /s/ Yongsam Lee
	 		 	 Dated: 02/15/96

	 Yongsam LeeOffer Letter, dated 03/30/2007, between Anand Sampath and the Registrant

 Exhibit 10.8 
 

 
 40 Parker 
 Irvine,
CA 92678 
 Tel : 949-297-7000 
 Fax: 949-297-7001 
 March 30, 2007 
 Mr. Anand Sampath

 Dear Anand: 
 This letter
confirms the terms of our offer to promote you to the position of Executive Vice President, Engineering: 
  

			
	 Effective Date:
	 	March 16, 2007.
		
	 Base Salary:
	 	$200,000 annually paid at a semi-monthly rate of $7,692.31 per pay period.
		
	 Annual Bonus:
	 	You will be eligible to participate in Masimo’s Bonus Plan for up to 40% of your salary based on Company and individual objectives being met.
		
	 Additional Stock Options:
	 	It will be recommended to the Board to issue you an option to purchase an additional 25,000 shares of Common Stock, vesting 20% per year over five years and exercisable at fair market
value, as determined by the Board of Directors and Shareholders, at the time the option is granted.

 Employment with Masimo is “at-will” and not for a specific term. This means that either
you or the Company is free to terminate your employment relationship at any time with or without reason or advanced notice. 
 This letter
sets forth all the terms of our offer and it supersedes all prior offers, agreements and discussions, whether written or oral. The terms of this offer cannot be modified or amended by any supervisor or by any action of Masimo except a written
agreement signed by an officer of the Company. 
 Congratulations on your promotion! We appreciate your dedication to our mission, and we are
confident that your continued employment with Masimo will be a mutually rewarding experience. 
 Sincerely, 
  

			
		 	 /s/ Joe E. Kiani

		 	Joe E. Kiani
		 	Chief Executive Officer

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