Document:

Exhibit 10.5

EMPLOYMENT   AGREEMENT This EMPLOYMENT AGREEMENT (the "Emplovment Agreement") is   dated October [ ], 2015 and will be effective as of the Commencement Date   (defined below), by and between Accolade, Inc. (the "Company"), and   Rajeev Singh (the "Executive"). W I TN E S S E T H: WHEREAS, the   Company desires to employ the Executive and the Executive desires t be   employed by the Company on the terms and conditions contained herein. NOW,   THEREFORE, for and in consideration of the premises hereof and the mutua   covenants contained herein, the parties hereto hereby covenant and agree as   follows: I. Employment.The Company hereby employs the Executive, and the   Executi hereby accepts such employment with the Company, commencing on   November 2, 2015 (t "Commencement Date"), subject to the terms and   conditions provided for herein.The peri beginning on the Commencement Date   until the date upon which the employed by the Company shall be refened to   herein as the "Term." Executive is no long The commencement   Executive's employment shall be conditioned upon the completion of background   and referen checks by the Company. 2. At-Will Employment. Unless otherwise   expressly agreed to by the Executive an the Company in writing, the   Executive's employment by the Company shall, notwithstandin anything to the   contrary expressed or implied herein, be terminable by either party "at   will," fo any reason or for no reason, but shall in all other respects   be subject to the terms and condition of this Employment Agreement. 3.   Duties; Board of Director Position; and Reporting Relationship. (a) fficer   ("CEO") of Scope of Duties. The Executive shall be employed as   Chief Executiv the Company and shall report to and be subject to the   supervision an irecti.on of the Company's Board of Directors (the   "Boarcf') during the Term. The Executiv hall faithfully and competently   perform such duties and authorities, which shall not b nconsistent with his   position as a CEO of the Company, and shall also perform and discharg uch   other executive employment duties and responsibilities consistent with his   position as CEO nd as the Board may from time to time reasonably prescribe.   The power, authority, and duties o he Executive shall include, by way of   example, and not by way of limitation, those duties, which ca enerally be   described as being responsible for the day-to-day management of the Company   ;mying out the mission, strategy, goals, and objectives established in   collaboration with th oard, and in planning for the growth and profitability   of the Company, including, but not limite o .supervising the Company's   preparation and delivery to the Board of an annual operating pla nd budget   consistent with the requirements of Section 5.3(a)(iv) of the Company's Secon   mended and Restated Investor Rights Agreement. The duties of employment shall   include suc dditional executive and managerial duties on behalf of the   Company and its operations of 

    

 

Board, and   except during vacation periods and reasonable periods of absence due to   sicknes ersonal injury, or other disability, the Executive shall devote   substantially all of his time an ttention during normal business hours   throughout the Term to the services required of hi ereunder. The Executive   shall render his business services exclusively to the Company durin he Term,   and shall use his. best efforts, judgment, and energy to improve and advance   th usiness and interests of the Company in a manner consistent with the   duties of his position rovided, however, that the foregoing shall not   preclude the Executive from engaging in charitabl nd community affairs,   sitting on the board of outside charitable or community organizations o p to   three (3) corporations which are not a Competitive Business as defined in   Section 4.1.3 o he Employee Non-Disclosure, Non-Competition and Non-Solicitation   Agreement, including bu ot limited to Apptio, lnc., managing the Executive's   personal investments, making passiv nvestments in other businesses or   enterprises, or engaging in any other business activity that ot competitive   with the business of the Company, so long as such activities do not materiall   nterfere or conflict with his duties hereunder in connection with the   Executive's employment b he Company. (b) Board Position. During the Term of   the Employment Agreement, th Executive will serve as a member of the Board,   subject to annual election and removal by th Company's stockholders as   provided in the Company's bylaws. (c) Repotiing Relationship as CEO. The   Executive shall report to the Board ll other Company employees shall report,   directly or indirectly (through other senior executive s determined by the   Executive), to the Executive. 4. Base Salary, Bonus, Withholding and Stock   Option Grant. (a) Base Salary. As compensation for the performance of the   services to b erformed by the Executive hereunder, the Company shall pay the   Executive a starting base salar t the annual rate of, Four Hundred Thousand   and 00/100 dollars ($400,000.00) (the "Bas alarv"), which shall be   prorated for each calendar year during which the Executive shall not b mployed   by the Company for the entire year (based on the number of days the Executive   i mployed with the Company during such year). Any Base Salary payable   hereunder shall be pai n regular intervals (but in no event less frequently   than monthly), in arrears, in accordance wit he Company's payroll practices   from time to time in effect for executive compensation.Th ase Salary is   subject to adjustment, but not reduction, in the discretion of the Board   based o our performance. (b) Bonus. In addition to the Base Salary described   in Section 4(a) above, th Executive shall be eligible to receive an annual   bonus of up to sixty-percent (60%) of the Bas Salary (the "Bonus")   with the actual amount of such Bonus to be determined and approved b the   Board in its sole discretion, based upon the achievement of certain operating   and financia metrics that are mutually agreed upon by you and the Board. Any   Bonus determined to b payable by the Board for 2015 shall be payable on a pro   rata basis. For any subsequent partia year in which Executive works more than   6 months, the Bonus will accrue and shall be payabl 

    

 

(c)   Withholding. The payment of any Base Salary, Bonus or any other cas bonus or   payment (whether in cash or other consideration that is subject to withholding   taxes hereunder shall be subject to applicable withholding and payroll taxes,   and such other deduction as may be required under the Company's executive   benefit plans. (d) Grant of Stock Options. (i) Effective as of the   Commencement Date, the Company shall grant to the Executive an option (the   "Option") to purchase 8,000,000 shares of common stock of the   Company, par value $0.0001 per share (the "Common Stock") with an   exercise price equal to th Fair Market Value of the Common Stock on the date   of grant (as defined under the Company's Amended and Restated 2007 Stock   Option Plan (as amended from time to time, the "Plan"), pursuant to   the terms of the Notice of Grant of Stock Option and Stock Option Agreement,   each of which are attached hereto as Exhibit A, and subject to the terms of   the Plan. (A) Stockholders Agreements. Upon the Executive's exercis of   Options granted pursuant to the terms and conditions .of the Plan, the   Executiv shall execute and deliver a joinder or counterpart signature page to   the Company Second Amended and Restated Investor Rights Agreement, Second   Amended an Restated Registration Rights Agreement and Second Amended and   Restate Right of First Refusal and Co-Sale Agreement, in each case, by and   among th Company and its stockholders and as the same may be amended or   restated fro time to time (collectively, the "Stockholders   Agreements"). (ii) Prior to the grant of the Option to Executive, the   Board shall take or cause to be taken all necessary actions to increase the   number of reserved and unallocated shares of Common Stock issuable under the   Plan to provide the Board with the ability to grant Awards (as such term is   defined in the Plan) of up to 18,835,000 shares of Common Stock, in th   aggregate, after the Option is granted ("Option Plan Expansion").   The Option Plan Expansion shall be available for grant to new management team   hires and to retain existing talent, as recommended by Executive and approved   by the Board. (iii) No Obligation of Continued Employment. Notwithstanding th   foregoing agreement to grant the Option to the Executive subject to vesting   over time, it i expressly understood and agreed that the Company does not   now, nor hereafter shall have, an obligation to continue the Executive in its   employ whether or not on a full-time basis, after th end of the Term. 5.   Benefits. During the Term, the Executive shall: (a) be entitled to   reimbursement of all ordinary and necessary busines expenses reasonably   incurred including business travel, communications, parking, entertainmen and   meals in connection with the performance of the Executive's duties under this   Employmen Agreement in accordance with the Company's established policies for   reimbursement o business expenses, provided, however, that such reimbursement   shall not include expenditure 

    

 

(b) be eligible   to participate in tbe Company 40 I (k) savings plan, subject t the terms and   conditions of such plan; (c) be eligible to participate in any medical and   health plans or othe executive welfare benefit plans that may be provided by   the Company for its senior executives i accordance with and subject to the   provisions of any such plan, as the same may be in effec from time to time;   (d) be eligible to take four (4) weeks of paid vacation taken at such times i   coordination witb the needs of the Company as mutually agreed by the   Executive and the Boar during each twelve-month period of the Term; (e) be   eligible for sick leave, sick pay and disability benefits in accordan with   the Company policy that may be applicable to senior executives from time to   time; (f) be entitled to be covered by the Company's Director's and Officer'   Liability insurance, at the expense of the Company, and such insurance is to   apply so as to cove all times that the Executive is or was employed by the   Company; and (g) be furnished office space, secretarial assistance, and such   other facilitie and services within the Seattle metropolitan area as shall be   suitable to the Executive's positio and adequate for the performance of his   duties hereunder but consistent with the policies of th Company. The   Executive agrees that in order to receive reimbursement or payment of an cost   or expense authorized under Section 5 of tbis Employment Agreement, the   Executive shal provide the Company with such documentation of each such cost   and expense as the Compan shall reasonably require. Any reimbursements by the   Company to the Executive of any eligible expense under this Employment   Agreement that are not excludable from the Executive's income fo federal   income tax purposes (the "Taxable Reimbursements") shall be made by   no later than th earlier of tbe date on which they would be paid under the   Company's normal policies and the las day of the taxable year of the   Executive following the year in which the expense was incurred The amount of   any Taxable Reimbursements during any taxable year of the Executive shall no   affect the expenses eligible for reimbursement in any other taxable year of   the Executive (excep for any life-term or other aggregate limitation   applicable to medical expenses). The right t Taxable Reimbursement shall not   be subject to liquidation or exchange for another benefit. 6. Non-Disclosure.   Non-Competition and Non-Solicitation. As a condition o employment, the   Executive shall execute and deliver to the Company's standard Employee Non   Disclosure, Non-Competition and Non-Solicitation Agreement set forth in   Exhibit B attache hereto, which is incorporated and made a part of this   Employment Agreement. The Employe Non-Disclosure, Non-Competitionand   Non-Solicitation shall becomeeffective upon it execution and delivery, which   shall be on or before the Commencement Date. 

    

 

(i) Death. The   death of the Executive; Disability. The Disability (as defined below) of the   Executive; (ii) For purposes of this Employment Agreement, the term   "Disability" shall mean that if, a a result of the Executive's   incapacity due to physical or mental illness, the Executive shall hav been   absent from his duties with the Company on a full-time basis for three (3)   consecutiv months or an aggregate of 120 days in any twenty-four month   period, and within thirty (30) day after written notice of termination is   given, the Executive shall not have returned to the full-tim performance of   the Executive's duties. (iii) TerminationFor Cause. Termination of the   Executive' employment hereunder by the Company at any time for   "Cause" (as termination to take effect immediately (except as set   forth below); defined below), suc For purposes of this Employment Agreement,   for "Cause" shall mean: (A) th Executive's intentional and   continued gross misconduct or gross negligence resulting in materia and   demonstrable financial or reputational injury to the Company; (B) the   Executive's materia disregard of lawful instructions of the Board to   Executive consistent with the Executive' responsibilities under this   Employment Agreement relating to the business of the Company which shall mean   actions taken by the Board in the exercise of its business judgment a   memorialized in a duly adopted written resolution of the Board, in the   minutes of a Compan Board meeting or in a written performance evaluation of   the Executive delivered by the Board t Executive at the annual review of   Executive's performance; (C) embezzlement; (D) th Executive's repeated abuse   of alcohol or other drugs or controlled substances, or the commissio of an   act of moral turpitude reasonably likely to bring significant disrepute to   the Company o which adversely affects the Executive's ability to perform his   duties hereunder, (E) conviction o the Executive of a felony or a plea of   guilty or no contest to same, or any crime or offens involving fraud or moral   turpitude; (F) the Executive's uncured breach of any material provisio of   this Employment Agreement; or (G) the imposition of any material sanction by   a professiona disciplinary organization that is applicable to the business of   the Company and which wa imposed solely on account of the Executive's   conduct; (H) the Executive's resignation hereunde during the Term provided,   that if the Executive resigns for Good Reason as defined herein, suc   resignation shall not be considered "Cause" hereunder so long as   the Executive has given thirt days written notice to the Company of such   breach and opportunity to cure any such Goo Reason. A termination of the   Executive's employment for Cause by the Company shall b effected by the   Company giving the Executive written notice ("Notice of Termination fO   Cause") of the termination, setting forth in reasonable detail the   specific conduct of th Executive that constitutes for Cause and the specific   provision(s) of this Employment Agreemen on which the Company relies. A   termination of employment by the Company for Cause shall b effective thirty   (30) days following the date when the Notice of Termination for Cause is   given provided, that Executive shall be given a reasonable opportunity to   respond to such Notice o 

    

 

Notwithstanding   anything set forth herein, the Executive's right to cure a circumstance that   lead to the Executive's termination for Cause shall be limited to those   circumstances set forth i Sections 7(a)(iii)(B) and (F). (iv) Termination by   Executive. At any time during the Term, th Executive may terminate his   employment hereunder for Good Reason (as defined below). F purposes of this   Employment Agreement, "Good Reason" shall mean (a) the assignment   to th Executive of any duties inconsistent with the Executive's position as   CEO (including statu office, titles and reporting requirements), authority,   duties or responsibilities as contemplate herein, or any other action by the   Company that results in a diminution in such positio authority, duties or   responsibilities, excluding for this purpose any isolated, insubstantial an   inadvertent action not taken in bad faith and that is remedied by the Company   promptly aft receipt of notice thereof given by the Executive; (b) any   failure by the Company to comply wit any of the provisions of Section 4 of   this Employment Agreement, other than an isolate insubstantial and   inadvertent failure not occurring in bad faith and that is remedied by th   Company promptly after receipt of notice given thereof by the Executive; (c)   any reduction b the Company in Executive's Base Salary (other than a   proportional reduction as part of generalized reduction in the base salaries   of senior management of the Company not to excee 5% of Base Salary then   currently in effect); (d) any requirement that the Executive be based a any   office or location more than thirty (30) miles from the Executive's principal   place o residence as of the Commencement Date; or (e) any uncured breach by   the Company of an material provision of this Employment Agreement. A termination   of employment by the Executive for Good Reason shall be effected by th   Executive's giving the Company's Board written notice ("Notice of   Termination for Goo Reason") of the termination, setting forth in   reasonable detail the specific conduct of th Company that constitutes Good   Reason and the specific provision(s) of this Employmen Agreement on which the   Executive relies. A termination of employment by the Executive fo Good Reason   shall be effective thirty (30) days following the date when the Notice o Termination   for Good Reason is given; provided that such a termination of employment   shall n become effective if the Company shall have substantially corrected,   to the reasonable satisfactio of the Executive, the circumstance giving rise   to the Notice of Termination for Good Reaso within such thirty-day period.   (v) Termination Without Cause. Termination of the Executive employment   hereunder by the Company at any time, other than termination by the Company   "fo Cause," as contemplated by clause (iii). (a) In the event that   the Executive's employment is terminated pursuant t lause (i), (ii), (iv) or   (v) of Section 7(a) above, (i) the Company shall continue to pay to th   xecutive (or his personal representative, as the case may be), as severance   pay, the amount o ase Salary that the Executive would have otherwise been   entitled to receive had the Executive' mployment not been so terminated for a   period of twelve (12) months immediately followin uch termination (the   "Salary Continuation"), (ii) all outstanding equity-based awards   granted 

    

 

would have   otherwise become vested, exercisable, or payable had the Executive's   employmen ot been so terminated for a period of nine (9) months immediately   following such terminatio the "Equity Award Acceleration");   provided that if an award provides "deferred compensation or purposes of   Section 409A (as defined in Section 7(d) below), such award will be paid at   th ame time and in the same form as it would have been paid; provided further   that, if th Executive's employment is terminated by the Company without Cause   or the Executive resign or Good Reason within the one-year period following a   Company Transaction (as such term efined in the Plan), the vesting   acceleration provisions set forth in the agreement evidencing th ward shall   govern, and (iii) the Company shall pay all Accrued Obligations (as defined   below As a condition precedent to the Company's obligation to provide   Executive (or Executive's heir nd executors) with the Salary Continuation and   Equity Award Acceleration in this Section 7(b xecutive (or Executive's heirs   and executors in the case of a termination pursuant to clause (i) o ection   7(a) above) shall be required to execute and not revoke a general release of   claims (th Release"), in the form provided by the Company, within thirty   (30) days of the date o ennination of employment. Salary Continuation shall   begin on the first practical payroll dat fter the date the Release is   executed and no longer subject to revocation (the "Release Effectiv ate").   Subject to Section 7(d) below, the Company shall pay the Salary Continuation   i ccordance with its payroll practices from time to time in effect. If,   following the end of the Term, the Executive breaches any of the provisions   contained in fhi Employment Agreement, including the terms of the   Non-Disclosure, Non-Competition and Non Solicitation Agreement set forth in   Exhibit C, all payments of Salary Continuation shal immediately cease.   Executive acknowledges and agrees that the Salary Continuation payabl hereunder   is payable partially in consideration of Executive's executing and delivering   th Release, the Executive's continued observance following termination of   employment of th restrictive covenants in the Non-Disclosure, Non-Competition   and Non-Solicitation Agreemen as set forth therein and such other good and   valuable consideration as set forth herein. (b) Notwithstanding anything to   the contrary expressed or implied herein except as required by applicable law   and except as set forth in Section 7(b) above, the Compan (and its   affiliates) shall not be obligated to make any payments to the Executive or   on his behalf of whatever kind or nature, by reason of the Executive's   cessation of employment (including without limitation, by reason of   termination of the Executive's employment by the Company fo "Cause"   pursuant to Section 7(a)(iii)), other than (i) such amounts, if any, of his   Base Salary an Bonus as shall have accrued and remained unpaid as of the date   of said cessation, (ii) such othe amounts, if any, which may be then   otherwise payable to the Executive from the Company' benefits plans or   reimbursement policies, and (iii) any accumulated and earned vacation not   used as of the date of the Executive's termination of employment with the   Company, provided that for the purposes of the calculation of vacation pay   owed to the Executive, only the unuse vacation days in the year of   termination shall be taken into consideration (i.e., vacation not use in   prior years cannot be accrued, carried over, or otherwise taken into   consideration (collectively, the "Accrued Obligations"). (c) To the   extent that any payments or benefits payable hereunder ar 

    

 

(i) to the   extent any such payment or benefit to be provided is not "deferred   compensation" for purposes of Section 409A of the Internal Revenue Code   of 1986, a amended, and any regulations or guidance issued thereunder   ("Section 409A"), then such payment or benefit shall commence upon   the first scheduled payment date immediately after the Release Effective Date.   The first such cash payment shall include payment of all amounts that   otherwise would have been due prior to the Release Effective Date under the   terms of this Employment Agreement had such payments commenced immediately   upon the Executive's termination of employment, and any payments made   thereafter shall continue as provided herein and (ii) to the extent any such   cash payment or continuing benefit to b provided is "deferred   compensation" for purposes of Section 409A, then such payments o   benefits shall be made or commence upon the thirtieth (30th) day following   the termination of th Executive's employment. The first such cash payment   shall include payment of all amounts tha otherwise would have been due prior   thereto under the terms of this Employment Agreement ha such payments   commenced immediately upon the termination of the Executive's employmen and   any payments made thereafter shall continue as provided herein. (d) No   interest shall accrue on or be paid with respect to any portion of an   payments hereunder. (e) Upon the termination of the Executive's employment   herennder for an reason whatsoever, the Executive shall be entitled to the   continuation of group health pla benefits to the extent authorized by and   consistent with 29 U.S.C. §1161 et seq. (commonl known as COBRA) at his sole   cost and expense. 8. Non-Assignability. (a) Neither this Employment Agreement   nor any right or interest hereunde hall be assignable by the Executive or his   beneficiaries or legal representatives without th ompany's prior written   consent; provided, however, that nothing in this Section 8(a) shal reclude   the Executive from designating one or more beneficiaries to receive any   benefit payabl ereunder upon his death or incapacity. (b) Except as required   by law, no right to receive payments under thi mployment Agreementshallbe   subjectto anticipation,commutation,alienation,sale ssigmnent, encumbrance,   charge, pledge, or hypothecation or to exclusion, attachment, levy o imilar   process or assignment by operation of law, and any attempt, voluntary or   involuntary, t ffect any such action shall be null, void, and of no effect.   9. Binding Effect.Without limiting or diminishing the effect of Section 8   hereof this Employment Agreement shall inure to the benefit of and be binding   upon the parties heret and their respective heirs, successors, legal   representatives, and assigns. 10. Notices.Any notice required or permitted to   be given under this Employm 

    

 

to such other   address or addresses as either party shall have designated in writing to the   oth party hereto. II. Governing Law and Disputes. This Employment Agreement   shall be governed b and construed in accordance with the laws of the   Commonwealth of Pennsylvania withou reference to principles of conflicts of   law. Subject to the provisions of Section 6 of the Employe Non-Disclosure,   Non-Competition and Non-Solicitation Agreement permitting the obtaining o   injunctive relief in court, the parties to this Employment Agreement agree   that all claims disputes or controversies arising between them, whether in   contract or in tort, including but no limited to any claim of breach of any   provision of this Employment Agreement, (hereinafter al of the aforementioned   shall be collectively referred to as a "Claim" or   "Claims"), shall be full and finally settled by arbitration in   accordance with the Commercial Arbitration Rules of th American Arbitration   Association then in effect (the "AAA Rules"), conducted by one   arbitrato either mutually agreed upon by the Company and Executive or chosen   in accordance with th AAA Rules, except that the parties thereto shall have   any right permitted by the Federal Rules of Civil Procedure for a period   commencement of such arbitration and the arbitrator thereof shall to   discovery as would b of 90 days following th resolve any dispute whic arises   in connection with such discovery. The statute of limitations applicable to   th commencement of a lawsuit will apply to the commencement of arbitration   under this provision. 12. Severability.If any part of this Employment   Agreement is held by a court o competent jurisdiction to be invalid,   illegible or incapable of being enforced in whole or in par by reason of any   rule or law or public policy, such part shall be deemed to be severed from th   remainder of this Employment Agreement for the purpose only of the particular   lega proceedings in question and all other covenants and provisions of this   Employment Agreemen shall in every other respect continue in full force and   effect and no covenant or provision shall b deemed dependent upon any other   covenant or provision. 13. Waiver. Failure to insist upon strict compliance   with any of the terms, covenant or conditions hereof shall not be deemed a   waiver of such term, covenant or condition, nor shal any waiver or   relinquishment of any right or power hereunder at any one or more times b   deemed a waiver or relinquishment of such right or power at any other time or   times. 14. Entire Agreement; Modifications. This Employment Agreement,   inclusive of al schedules and exhibits, shall constitute the entire and final   expression of the agreement of th parties with respect to the subject matter   hereof and supersedes all prior agreements, oral and written, between the   parties hereto with respect to the subject matter hereof. This Employmen   Agreement may be modified or amended only by an instrument in writing signed   by both partie hereto. 15. Countemarts. This Employment Agreement may be   executed in two or mor counterparts, each of which shall be deemed an   original, but all of which together shall constitut one and the same   instrument. 

    

 

Company or any   of its shareholders, directors, officers, affiliates or executives, includin   Executive, or reflecting falsely on the character, business judgment,   business practices o business reputation of the Company or any of its   shareholders, directors, officers, affiliates o executives, including   Executive, except as otherwise required by law or as necessary to enforc the   terms of this Employment Agreement or defend a claim regarding the terms of   thi Employment Agreement or as necessary reasonably to carry out the   Company's busines During and after the Term, the Executive agrees that the   Executive will cooperate fully with th Company in arranging for an orderly   and professional transition of his responsibilities. Durin and after the   Term, the Executive and Company, and its officers and directors, further   agree tha they will present the circumstances relating to the Executive's   separation from Company in light that will not reflectunfavorablyon the   either the Companyor the Executive Notwithstanding the foregoing, if either   the Executive or the Company is requested or require (by oral questions,   written interrogatories, requests for information or documents, subpoena,   civi or criminal investigatory demand, or similar process) to disclose   information prohibited by th foregoing provisions of this Section 16, such   party shall provide the other party with promp written notice of such request   or requirement so that the other party may seek a waiver o compliance with   its obligations under this Section 16. If, in the absence of a waiver under   thi Section 16, either party nonetheless, upon advice of counsel of its   choice, is compelled t disclose any information in contravention of this   Section 16, such party may only disclose tha portion of the information that   its counsel advises is legally required to be disclosed or that is i fact   legally required to be disclosed. The parties further agree to take   reasonable steps t cooperate with one another in its seeking to obtain   assurance that any information disclosed i contravention of this Section 16   will receive confidential treatment. 17. Third-Party Agreements and Rights.   Executive represents to the Company tha his execution of this Employment   Agreement, his employment with the Company and th performance of his proposed   duties for the Company will not violate any obligations th Executive may have   to any former employer or other party, and the Executive will not bring t the   premises or upload onto the computer systems or e-mail systems of the Company   any copie or other tangible or intangible embodiments of non-public,   confidential information belonging t or obtained from any such former employer   or other party, except as permitted by such thir party under an effective   written agreement. 18. Litigation and Regulatory Cooperation. During and   after the Term of th Employment Agreement, the Executive shall reasonably   cooperate with the Company in t defense or prosecution of any claims or   actions now in existence or which may be brought in t future against or on   behalf of the Company that relate to events or occurrences that transpir   while the Executive was employed by the Company. The Executive's cooperation   in connecti with such claims or actions shall include, but not be limited to,   being available to meet wi counsel to prepare for discovery or trial and to   act as a witness on behalf of the Company mutually convenient times. During   and after the Term, the Executive also shall cooperate ful with the Company   in connection with any investigation or review of any federal, state or loc   regulatory authority as any such investigation or review relates to events or   occurrences th ranspired while the Executive was employed by the Company. The   Company shall also provi 

    

 

his performance   under this Section 18, including but not limited to reasonable attorneys'   fees a costs, to the extent permitted by law. 19. Indemnification; D&O   Insurance. The Company shall indemnify Executi against all claims arising out   of Executive's actions or omissions occurring during Executiv employment with   the Company and/or service as a member of the Board pursuant to t Company's   Directors and Officers Liability and general insurance policies. The Company   agr that it will continue to maintain Directors and Officers Liability and   general insurance policies fund the indemnity described above in the same   amount and to the same extent it maintains su coverage for the benefit of its   other officers and directors. 20. NO TRIAL BY JURY. THE PARTIES (BY THEIR   ACCEPTANCE HEREO HEREBY KNOWINGLY, IRREVOCABLY,VOLUNTARILY,AND INTENTIONALL   WAIVE ANY RIGHT EACH MAY HAVE TO A TRIAL BY JURY WITH RESPECT TO AN DISPUTES   BASED UPON OR ARISING OUT OF THIS AGREEMENT. 21. Compliance with Section   409A. (a) It is the intention of both the Company and the Executive that the   benefit and rights to which the Executive could be entitled pursuant to this   Employment Agreemen comply with Section 409A, to the extent that the   requirements of Section 409A are applicabl thereto, and the provisions of   this Employment Agreement shall be construed in a manne consistent with that   intention. If the Executive or the Company believes, at any time, that an   such benefit or right that is subject to Section 409A does not so comply, it   shall promptly advis the other and shall negotiate reasonably and in good   faith to amend the terms of such benefit and rights such that they comply   with Section 409A (with the most limited possible economi effect on the   Executive and on the Company). (b) To the extent required to comply with   Section 409A, no payment o benefit required to be paid under this Employment   Agreement on account of termination of th Executive's employment shall be   made unless and until the Executive incurs a "separation from   service" within the meaning of Section 409A. (c) Neither the Company nor   the Executive, individually or in combination may accelerate any payment or   benefit that is subject to Section 409A, except in compliance wit Section   409A and the provisions of this Employment Agreement, and no amount that is   subjec to Section 409A shall be paid prior to the earliest date on which it   may be paid without violatin Section 409A. (d) For purposesof applying the   proviSions of Section 409A to thi Employment Agreement, each separately   identified amount to which the Executive is entitle under this Employment   Agreement shall be treated as a separate payment. In addition, to th extent   permissible underSection 409A, any series of installment payments under thi   Employment Agreement shall be treated as a right to a series of separate   payments. Whenever 

    

 

IN WITNESS   WHEREOF, the Company arid the Executive have duly executed and delivered this   Employment Agreement as of the day and year first above written. ,/   EXECUTIVE: /s/ Rajeev Singh COMPANY: Accolade, Inc. By: /d/ Thomas K. Spann   Title: Cc=t>Exhibit 10.6

., ACCOLADE·   December 1, 2014 Personal and Confidential Steve Barnes 967 Ethan Allen Road   Berwyn, PA 19312 Dear Steve: On behalf of the team at Accolade, Inc., Iam   delighted to offer you employment with Accolade, Inc. (the   "Company"), commencing on or before February 1, 2015 (the   "Commencement Date"). The following are some of the more   significant benefits and terms and conditions of your employment. The offer   of employment made to you herein is subject to a background check, drug test   and reference checks completed in all respects to the Company's full   satisfaction. Duties: You shall be employed as Chief Financial Officer at the   Company subject to the supervision and direction of Tom Spann, CEO or such   other executive officer of the Company as designated by the Chief Executive   Officer. You shall devote your business time, efforts, energy and skill to   the business of the Company as are necessary to effectively perform your   duties hereunder. Without limiting the generality of the foregoing, you will   be a full­ time employee of the Company. You shall render your business   services exclusively to the Company while you are employed by the Company and   shall use your best efforts, judgment and energy to improve and advance the   business and interests of the Company in a manner consistent with the duties   of your position. 1. At-Will Employment: Your employment by the Company shall   be 2. terminable by either party "at will", for any reason or for   no reason. Compensation: In consideration of the services to be rendered by   you to the Company, the Company agrees to pay you: 3. (i) a base compensation   during the term of this Agreement of $400,000 per annum, payable in   accordance with the Company's standard payroll practices. (ii) an annual   bonus of up to 50% of your base salary at the discretion of the Company based   on your performance and the performance of the Company. 660 West Germantown   Pike, Suite 500 1 Plymouth Meeting, PA 19462 Phone: 610-834-2989 I Fax:   610-834-5738 I www.Accolade.com 

    

 

ACCOLADE. i.   Your individual performance will be evaluated during our annual review   process. Currently, our annual review process takes place at the end of each   calendar year, followed by the compensation review process which is effective   in April. Your performance and compensation will be evaluated during our 2015   review cycle, which may result in compensation changes in April 2016. (iii) a   stock option grant in the amount of 780,000 common shares subject to approval   by the Board of Directors at an exercise price to be determined by the Board   vesting over 4 years from the approval date pursuant to the Company Option   Plan. (iv) In the event of a Change of Control, you will be covered under the   same Change of Control guidelines as outlined in the Accolade Stock Option Plan   (attached), except in the following case: If Accolade is acquired, and if you   are terminated as a result, all your unvested options will immediately vest.   (v) a one-time bonus payment of $100,000 to be paid April, 2015. In the event   you separate from employment for any reason before the one year anniversary   of the Commencement Date, you agree to repay the Company this amount. This   repayment agreement will not apply in the case of a Change of Control where   Accolade is acquired and your employment is terminated as a result of the   acquisition, as mentioned in Section 3 (iv) above. Payroll, withholding and   related taxes shall be deducted from all payments by the Company as required   by law. 4. Employee Benefits: During the term of this Agreement, you shall be   entitled to the following perquisites and employee benefits: (i) You shall be   entitled to 23 days of paid time off (including vacation, sick days and   personal days) during each year you are employed by the Company, taken at   such times in coordination with the needs of the Company as determined by   your supervisor. You are entitled to paid company designated holidays as   defined by the company. You are also entitled to participate in the Company   401(k) savings plan. 660 West Germantown Pike, Suite 500 1 Plymouth Meeting,   PA 19462 Phone: 610-834-2989 I Fax: 610-834-5738 ! W\fllW.AccQiade.coll} 

    

 

., A C C OLADE·   (ii) You shall be entitled to participate, subject to qualification   requirements, in medical, life or other insurance or hospitalization plans of   the Company made generally available to officers, directors and/or employees   of the Company. 5. Severance: You will be eligible for the following   Severance benefits: (i) Up to 1 year of base compensation and medical   benefits, beginning from your last day of employment with the Company, to the   first day of your next full time employment. (ii) Company will not pay this   Severance benefit in the case of your resignation, or in the case of   Termination for Cause. For purposes of this Agreement, "Termination for   Cause" shall mean willful dishonesty, willful misconduct, breach of   fiduciary duty involving personal profit, intentional failure to perform   stated duties, willful violation of any law, rule or regulation (other than   traffic violations or similar offenses), or any material breach of this   Agreement. 6. Confidential Information: You hereby covenant, agree and   acknowledge the following: (i) You have and will have access to and will   participate in the development of or be acquainted with confidential or   proprietary information and trade secrets related to the business of the   Company and its affiliates and subsidiaries (collectively, the   "Companies"), including but not limited to (i) business plans and   strategy, operating plans, marketing plans, financial reports, operating   data, budgets, wage and salary rates, pricing strategies and information,   terms of agreements with suppliers or customers and others, customer lists,   patents, devices, software programs, reports, correspondence, tangible   property and specifications owned by or used in the businesses of one or more   of the Companies, (ii) information pertaining to future developments such as,   but not limited to, research and development, future marketing, distribution,   delivery or merchandising plans or ideas, and potential new business   locations, and (iii) other tangible and intangible property, which are used   in the business and operations of the Companies but not made publicly   available. The information and trade secrets relating to the business of the   Companies described hereinabove in this paragraph are hereinafter referred to   collectively as the "Confidential Information"; provided that the   term Confidential Information shall not include any information (x) that is   or becomes generally publicly available (other than as a result of violation   of this Agreement by you) or (y) that you receive 660 \A/est Germantown Pike,   Suite 500 1 Plymouth Meeting, PA 19462 Phone: 610-834-2989 I Fax :   610-834-5738 I www.Accolade.com 

    

 

., ACCOI.. ADE·   on a non-confidential basis from a source (other than the Company, its   affiliates or representatives) that is not known to be bound by an obligation   of secrecy or confidentiality to the Companies or any of them. (ii) You   hereby assign to the Company, in consideration of your employment, all   Confidential Information developed by or otherwise in your possession at any   time commencing with the Commencement Date through the date of termination of   your employment with the Company (such period, hereinafter referred to as,   the "Term"), whether or not made or conceived during working hours,   alone or with others, which relates, directly or indirectly, to businesses or   proposed businesses of any of the Companies, and you agree that all such   Confidential Information shall be the exclusive property of the Companies.   Upon request of the Chief Executive Officer of the Company, you shall execute   and deliver to the Companies any specific assignments or other documents   appropriate to vest title in such Confidential Information in the Companies   or to obtain for the Companies' legal protection for such Confidential   Information. (iii) You shall not disclose, use or make known for your or   another's benefit any Confidential Information or use such Confidential Information   in any way except in the best interests of the Companies in the performance   of your duties under this Agreement. You may disclose Confidential   Information when required by applicable law or judicial process, but only   after notice to the Company of your intention to do so and opportunity for   the Company to challenge or limit the scope of the disclosure. (iv) You agree   that upon termination of your employment by the Company for any reason, you   shall forthwith return to the Company all Confidential Information,   documents, correspondence, notebooks, reports, computer programs and all   other materials and copies thereof (including computer discs and other   electronic media) relating in any way to the business of the Companies in any   way developed or obtained by you during the Term. (v) You agree, during the   Term, to offer or otherwise make known or available to the Company, as   directed by the Chief Executive Officer or the Board of Directors of the   Company and without additional compensation or consideration, any business   prospects, contracts or other business opportunities that you may discover,   find, develop or otherwise have available to you in any field in 660 VVest   Germantown Pike, Suite 500 I Plymouth Meeting, PA 19462 Phone: 610-834-2989 I   Fax: 610-834-5738 I www.Accolade.com 

    

 

· AC COLADE·   which the Company or its affiliates are engaged or propose to be engaged, and   further agree that any such prospects, contacts or other business   opportunities shall be the property of the Company. Restrictive Covenants:   You hereby covenant, agree and acknowledge the 7. following: (i)   Non-Competition: During the Term and for a period of twelve (12) months   thereafter, regardless of the reason for termination of employment, you will   not directly or indirectly (as a director, officer, executive employee,   manager, consultant, independent contractor, advisor or otherwise) engage in   competition with, or own any interest in, perform any services for,   participate in or be connected with any business or organization which is   competitive to the Business of the Company (as defined below) anywhere in the   United States of America; provided, however, that the provisions of this   Section 6(i) shall not be deemed to prohibit your ownership of not more than   one percent (1%) of the total shares of all classes of stock outstanding of   any publicly held company, or ownership, whether through direct or indirect   stock holdings or otherwise, of not more than five percent (5%) of any other   business. The term "Business of the Company" shall mean any   business that offers personalized support to individuals in navigating,   coordinating, and influencing health care decisions and understanding   benefits and options for care choices ("Services"), as well as   providing information, analytics and services to companies or other entities   relating to health care utilization derived from or related to Services.You   shall not at any time, directly or indirectly, use or purport to authorize   any person to use any name, mark, logo or other identifying words or images   which are the same as or similar to those used at any time by the Company in   connection with any product or service, whether or not such use would be in a   business competitive with that of the Company. (ii) Non-Solicitation: During   the Term and for a period of twenty four (24) months thereafter, regardless   of the reason for termination of employment, you will not directly or   indirectly recruit, solicit, induce or otherwise cause any other employee,   employees, consultant and/or consultants of the Company to leave their   employment with the Company or any person that was an employee or consultant   of the Company at any time during the two years preceding the date at issue   in order to accept employment of any kind with any other person, firm, partnership,   corporation or 660 West Germantown Pike, Suite 500 1 Plymouth Meeting, PA   19462 Phone: 610-834-2989 1 Fax : 610-834-5738 I www.Accolade.com 

    

 

ACCOl.ADE·   other entity, including you or any entity with which you are affiliated.   (iii) Non-Interference: During the Term and for a period of twenty four (24)   months thereafter, regardless of the reason for termination of employment,   you will not directly or indirectly call upon, accept business from or   solicit the trade, business or patronage of any of the customers or known   prospective customers of the Company or of anyone who has heretofore traded   and dealt with the Company, regardless of the location of such customers or   prospective customers of the Company, with respect to the Confidential   Information or Business of the Company, or otherwise divert or attempt to   divert any business from the Company. 8. Prior Employer Covenants: You   represent that you are not subject to any agreement which would prohibit you   from accepting this position or performing the duties of this position in   accordance with the terms set forth in this offer letter. The Company has no   interest in receiving any confidential information or trade secrets of your   former employers. Further, you acknowledge that the Company shall not   indemnify you against any claims or asserted violations of any prior employer   covenants. We believe that the Company has tremendous potential and is a   company that will provide great opportunities for its employees for personal   growth, challenging work and financial rewards. We hope that the experience   and skill set that you bring to the Company will make a significant   contribution towards the future success of the Company. If you decide to   accept our offer, as we hope that you will, please sign and date the enclosed   copy of this letter in the space provided below by December 4, 2014. By   signing below, you are agreeing to the terms set forth herein. Should you   have any questions regarding this letter, our offer of employment or anything   else, please feel free to contact me. We are very excited to have you join   the team and we look forward to working with you. Sincerely yours, /s/   Jennifer McDonnell Name: Jennifer McDonnell Title: Director, Talent   Acquisition 660 West Germantown Pike, Suite 500 I Plymouth Meeting, PA 19462   Phone: 610-834-2989 1 Fax: 610-834-5738 I www.Accolade.com 

    

 

., A CCOLADE·   ACKNOWLEDGMENT: In response to the above offer of employment (INITIAL ONE   ONLY) I accept your offer of employment _D"_fItderclin.e tyo:ur ;off:er   of emp,loyment 2014 /s/ Stephen H. Barnes Name: -fffN H. 5 660 West   Germantown Pike, Suite 500 1 Plymouth 1\'lceting, PA 19462 Phone:   610-834-2989 I Fax: 610-834-5738 I www.Accolade.com

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