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EXHIBIT 10.28    
  

 
 

HealtheTech
  www.healthetech.com    
  

4
July 2000 

Jay
T. Kearney, Ph.D.

Colorado Springs, Colorado 

Dear
Jay T., 

        I
am pleased to offer you a position with HealtheTech, Inc. (the "Company") as Vice President of Clinical Affairs and General Manager, HealtheFitness, commencing on September 1,
2000, subject to our satisfactory review of your references. You will receive a monthly salary of $11,250, which will be paid semimonthly in accordance with the Company's normal payroll procedures.
This is an exempt position. As a Company employee, you are also eligible to receive all employee benefits offered by the Company to its other employees in similar positions, when such employee
benefits are established. The Company retains the right to modify or change its benefits and compensation policy from time to time as it deems necessary. 

        It
will be recommended to the Company's Board of Directors that you be granted an option to purchase 20,000 shares of Common Stock pursuant to the Company's 1998 Stock Plan. Your shares
will vest over a three year period, with one-third of the total shares vesting on the one year anniversary of
your employment start date, and the remaining two-thirds of the total shares vesting monthly over the following two year period. 

        You
should be aware that your employment with the Company is for no specified period and constitutes at will employment. As a result, you are free to resign at any time, for any reason
or for no reason. Similarly, the Company is free to conclude its employment relationship with you at any time, with or without cause. 

        For
purposes of federal immigration law, you will be required to provide to the Company documentary evidence of your identity and eligibility for employment in the United States. Such
documentation must be provided to us within three (3) business days of your date of hire, or our employment relationship with you may be terminated. 

        I
have enclosed our standard Employee Confidential Information and Invention Assignment Agreement. If you accept this offer, please return to me a signed copy of that agreement. As an
employee of the Company, you will be expected to abide by the Company's rules and regulations. 

        In
the event of any dispute or claim relating to or arising out of our employment relationship, you and the Company agree that all such disputes shall be fully and finally resolved by
binding arbitration conducted by the American Arbitration Association in Santa Clara County, California. HOWEVER, we agree that this arbitration provision shall not apply to any disputes or claims
relating to or arising out of the misuse or misappropriation of the Company's trade secrets or proprietary information. 

        To
indicate your acceptance of the Company's offer, please sign and date this letter in the space provided below and return it to me. A duplicate original is enclosed for your records.
This letter, along with the agreement relating to proprietary rights between you and the Company, set forth the terms of your employment with the Company and supersede any prior representations or
agreements, whether written or oral. This letter may not be modified or amended except by a written agreement, signed by the Company and by you. 

 

        We
look forward to working with you at the Company. 

	 	 	Sincerely,
	

 	
 	

HealtheTech, Inc.

	

 	
 	

By:	
 	

/s/  JAMES R. MAULT, M.D.      
	
 	

 
	 	 	 	 	James R. Mault, M.D., Chairman and CEO

        Accepted
and agreed to this 26 day of July, 2000 

	/s/  JAY T. KEARNEY      
 Jay T. Kearney	 	 	 	 

        Attachment: Employee Confidential Information and Invention Assignment Agreement 

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EXHIBIT 10.28

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HealtheTech    
  

 
 

EXHIBIT 10.29    
  

27
June 2000

Mark Mondry

2632 Carlmont Dr.

Belmont, CA 94002 

Dear
Mark, 

        I
am pleased to offer you a position with HealtheTech, Inc. (the "Company") as Vice President, New Business Development and Intellectual Property, commencing on July 17,
2000, subject to our satisfactory review of your references. You will receive a monthly salary of $15,000, which will be paid semimonthly in accordance with the Company's normal payroll procedures.
This is an exempt position. As a Company employee, you are also eligible to receive all employee benefits offered by the Company to its other employees in similar positions, when such employee
benefits are established. The Company retains the right to modify or change its benefits and compensation policy from time to time as it deems necessary. As we have discussed, the Company has also
agreed that you may take the weeks of July 24th and July 31st, 2000 as time off without pay and that you will return to full time employment on
August 7, 2000. 

OPTION GRANT  

        It will be recommended to the Company's Board of Directors that you be granted an option to purchase 35,000 shares of Common Stock pursuant to the Company's 1998
Stock Plan. Your shares will vest over a three year period, with one-third of the total shares vesting on the one year anniversary of
your employment start date, and the remaining two-thirds of the total shares vesting monthly over the following two year period. In addition, the Company has agreed to enter into a Change of Control
Agreement with you in the form enclosed. 

PROFESSIONAL DUES AND FEES  

        The Company will also pay or reimburse you for all academic and professional fees and dues and cost of required continuing legal education on your behalf upon
receipt of appropriate documentation of such fees and dues. 

RELOCATION  

        Prior to you and your family actually relocating, you will have up to 4 months during which you can commute from the San Francisco Bay Area. During this
period, you will be reimbursed for weekly airfare, hotel, and rental car expenses via expense reports. 

        To
assist you with your move to the Denver area, the Company will agree to the following relocation package: 

	•
	Two
house hunting trips for two

	•
	Airline
travel for you and your family, or mileage reimbursement if you decide to drive your car to the Denver area

	•
	Movement
of household goods and up to two autos (reimbursed to the mid of three fixed bids)

	•
	Car
rental for up to 30 days

	•
	Interim
living expenses for up to 90 days 

 

        The
Company agrees to reimburse you for any additional income taxes owed by you attributable to the payment of moving expenses in connection with your move to the Denver area, after
taking into account your moving expense deduction. 

AT WILL EMPLOYMENT  

        You should be aware that your employment with the Company is for no specified period and constitutes at will employment. As a result, you are free to resign at
any time, for any reason or for no reason. Similarly, the Company is free to conclude its employment relationship with you at any time, with or without cause. 

        For
purposes of federal immigration law, you will be required to provide to the Company documentary evidence of your identity and eligibility for employment in the United States. Such
documentation must be provided to us within three (3) business days of your date of hire, or our employment relationship with you may be terminated. 

        I
have enclosed our standard Employee Confidential Information and Invention Assignment Agreement. If you accept this offer, please return to me a signed copy of that agreement. As an
employee of the Company, you will be expected to abide by the Company's rules and regulations. 

        In
the event of any dispute or claim relating to or arising out of our employment relationship, you and the Company agree that all such disputes shall be fully and finally resolved by
binding arbitration conducted by the American Arbitration Association in Santa Clara County, California. HOWEVER, we agree that this arbitration provision shall not apply to any disputes or claims
relating to or arising out of the misuse or misappropriation of the Company's trade secrets or proprietary information. 

        To
indicate your acceptance of the Company's offer, please sign and date this letter in the space provided below and return it to me. A duplicate original is enclosed for your records.
This letter, along with the agreement relating to proprietary rights between you and the Company, set forth the terms of
your employment with the Company and supersede any prior representations or agreements, whether written or oral. This letter may not be modified or amended except by a written agreement, signed by the
Company and by you. 

        We
look forward to working with you at the Company. 

	 	 	Sincerely,
	

 	
 	

HealtheTech, Inc.
	

 	
 	

By:	

/s/  JAMES R. MAULT      
 James R. Mault, M.D., Chairman and CEO
	

Accepted and agreed to this 14th day of July, 2000.
	

/s/  MARK MONDRY      
 Mark Mondry	
 	

 	

 
	
Attachment A: Change of Control Agreement
	Attachment B: Employee Confidential Information and Invention Assignment Agreement

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EXHIBIT 10.30    
  

July 11,
2000 

Dr. James
R. Mault 

	Re:
	Change of Control Agreement  

Dear Jim: 

As
we have discussed, HealtheTech, Inc. (the "Company") has agreed to extend certain benefits to you in the event your employment with the Company is terminated within eighteen months of
a "Change of Control" of the Company. This letter sets out the terms of our agreement (the "Letter"). Capitalized terms are defined on Exhibit A, attached. 

1.    Severance Benefits.    If you or the Company terminate your employment at any time within the Change of Control Period, then
you will be entitled to receive severance benefits as follows: 

        (a)    Voluntary Resignation; Termination for Cause.    If you terminate your employment by reason of voluntary
resignation (and not by Involuntary Termination) or if you are terminated for Cause, then you will not be entitled to receive severance or other benefits. 

        (b)    Involuntary Termination.    If your employment is terminated or you terminate your employment as a result of
Involuntary Termination, you will be entitled to receive the following benefits: 

        (i)    severance
pay, based upon your base compensation as of the date your employment ceases, in an amount equal to one year of base compensation. Any amount payable shall be
paid at the regular base
compensation rate during the Severance Period, according to normal Company payroll practices and commencing with the month immediately after the month in which your employment so ceases; 

        (ii)  coverage
under the Company's health, life, dental and other insurance programs for the Severance Period; and 

        (iii)  accelerated
vesting of all stock options and shares of restricted stock held by you, including those granted or purchased after the date of this Letter. 

        (c)    Disability; Death.    If the Company terminates your employment as a result of your Disability (as defined
below) or such employment is terminated by your death, then such termination shall be treated as if it were an Involuntary Termination, and the severance and other benefits shall be provided, in
accordance with subsection (b) above. 

2.    Successors.    Any successor to the Company (whether direct or indirect and whether by purchase, lease, merger, consolidation,
liquidation or otherwise) to all or substantially all of the Company's business and/or assets shall assume the obligations under this Letter and agree expressly to perform the obligations under this
Letter in the same manner and to the same extent as the Company would be required to perform such obligations in the absence of a succession. For all purposes under this Letter, the term "Company"
shall include any successor to the Company's business and/or assets which executes and delivers the assumption agreement described in this Section 3 or which becomes bound by the terms of this
Letter by operation of law. 

3.    Law Governing; Arbitration.    This Letter shall be governed by and construed in accordance with the laws of the State of
California. Any dispute or controversy arising under or in connection with this Letter shall be settled exclusively in arbitration conducted in Santa Clara County, California, in accordance with the
rules of the American Arbitration Association then in effect. Judgment may be entered on the arbitrator's award in any court having jurisdiction. Punitive damages shall not be 

awarded. In any arbitration proceeding, the party determined to be the prevailing party shall be entitled to receive, in addition to any other award, its attorneys' fees and expenses of the
proceeding. 

4.    Employment and Income Taxes.    All payments made pursuant to this Letter will be subject to withholding of employment taxes. 

By
your signature below, you indicate that you agree to the terms set out in this Letter. 

Very
truly yours, 

HEALTHETECH, INC.

	By:	 	/s/  NOEL L. JOHNSON      
	 	 
	Title:	 	COO
	 	 
	

ACKNOWLEDGED AND AGREED:	
 	

 
	

/s/  JAMES R. MAULT      
 James R. Mault	
 	

 
	

Date:	
 	

November 10, 2000	
 	

 

EXHIBIT A  

Definition of Terms. The following terms referred to in this Letter shall have the following meanings: 

"Cause" means (i) any act of personal dishonesty taken by you in connection with your responsibilities as an employee and intended to result in
substantial personal enrichment; (ii) your being convicted of a felony; or (iii) a willful act by you which constitutes gross misconduct and which is injurious to the Company. 

"Change of Control" means the occurrence of any of the following events: 

        (a)  Any
"person" (as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended), excluding existing beneficial
owners as of the date of this Letter, is or becomes the "beneficial owner" (as defined in Section 13d-3 of said Act), directly or indirectly, of securities of the Company
representing 50% or more of the total voting power represented by the Company's then outstanding voting securities, excluding conversion of any convertible securities issued as of the date of this
Letter; 

        (b)  The
composition of the Board of Directors changes during any period of 36 months such that individuals who at the beginning of the period were members of the
Board of Directors (the "Continuing Directors") cease for any reason to constitute at least a majority thereof; unless at least 662/3% of the Continuing Directors has either
(i) approved the election of the new Directors, (ii) if the election of the new Directors is voted on by shareholders, recommended that the shareholders vote for approval, or
(iii) otherwise determined that such change in composition does not constitute a Change of Control, even if the Continuing Directors do not constitute a quorum of the whole Board (it being
understood that this requirement shall not be capable of satisfaction unless there is at least one Continuing Director); 

        (c)  The
shareholders of the Company approve a merger or consolidation of the Company with any other corporation, other than a merger or consolidation which would result in
the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving
entity) at least 50% of the total voting power represented by the voting securities of the Company or such surviving entity outstanding immediately after such merger or consolidation, or the
shareholders of the Company approve a plan of complete liquidation of the Company or an agreement for the sale or disposition by the Company of all or substantially all of the Company's assets; 

        (d)  Any
other provision of this subsection notwithstanding, the term Change of Control shall not include either of the following events undertaken at the election of
the Company: 

        (i)    Any
transaction, the sole purpose of which is to change the state of the Company's incorporation; or 

        (ii)  A
transaction, the result of which is to sell all or substantially all of the assets of the Company to another corporation (the "surviving corporation") provided that
the surviving corporation is owned directly or indirectly by the shareholders of the Company immediately following such transaction in substantially the same proportions as their ownership of the
Company's common stock immediately preceding such transaction. 

"Change of Control Period" means the period beginning with the date that a Change of Control has occurred (as determined by the Board of Directors of
the Company) and ending eighteen months later. 

"Disability" means that you suffer from a physical or mental disability to an extent that renders it impracticable for you to continue performing your
duties hereunder. You shall be deemed to be so disabled if (i) a physician selected by the Company (and the Company will use its best efforts to coordinate such determination by the physician
with the Company's long term disability insurance carrier) advises the Company that your physical or mental condition will render you unable to perform your duties for a period exceeding three
consecutive months, or (ii) due to a physical or mental 

condition, you have not substantially performed your duties hereunder for a period of three consecutive months. 

"Involuntary Termination" means (i) without your consent, your assignment to any duties or the significant reduction of your duties, either of
which is inconsistent with your position or title with the Company and responsibilities in effect immediately prior to such assignment, or your removal from such position and responsibility, or a
reduction in your title; (ii) a greater than 10% reduction by the Company in your base compensation as in effect immediately prior to such reduction; provided, however, that such reduction
shall not apply if substantially all executive officers of the Company agree to a similar reduction in base compensation; or (iii) any purported termination of you by the Company (other than a
voluntary termination initiated by the Executive) which is not effected for Disability or for Cause. 

"Severance Period" means the twelve month period following your termination of employment. 

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EXHIBIT 10.30

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