Document:

exv10w12

 

Exhibit 10.12

April 27, 2005

Ms. Linda Fayne Levinson

Dear Linda:

          DemandTec, Inc. (“DemandTec”) is pleased to offer you a position as a member of the DemandTec
Board of Directors (the “Board”). The following is some information on the benefits available to
you as a member of the Board.

          You will be eligible for a retainer of $2,500 per meeting attended in person paid monthly in
arrears. It is expressly understood that this compensation is provided solely for services being
rendered by you as a member of the DemandTec Board of Directors.

          Subject to the approval of the Board, you will be granted an option to purchase 200,000 shares
of DemandTec’s Common Stock (the “Option”). The exercise price per share will be equal to the fair
market value per share on the date the Option is granted. The Option will be subject to the terms
and conditions applicable to options granted under the DemandTec 1999 Equity Incentive Plan, as
described in that Plan and the applicable stock option agreement. The Option will be immediately
exercisable, but the purchased shares will be subject to repurchase by DemandTec at the exercise
price in the event that your service terminates before you vest in the shares. You will vest in
25% of the Option shares after one year of continuous service, and the balance will vest in equal
monthly installments over the next 36 months of continuous service, as described in the applicable
stock option agreement.

          If the Company is subject to a Change in Control (as defined below) before your service with
the Company terminates and within 12 months of the date of grant of the Option, then you will be
vested in 25% of the Option shares. “Change in Control” shall mean (i) a sale, lease or other
disposition of all or substantially all of the assets of the Company, (ii) a merger or
consolidation in which the Company is not the surviving corporation, or (iii) a reverse merger in
which the Company is the surviving corporation but the shares of Common Stock outstanding
immediately preceding the merger are converted by virtue of the merger into other property, whether
in the form of securities, cash or otherwise. If the Company is subject to a Change in Control 12
months or more after the date of grant of the Option, then no additional vesting will be credited.

 

 

Linda Fayne Levinson

April 27, 2005

Page 2

          Board meetings are generally held eight (8) times per year and we would hope that your
schedule would permit you to attend all of the meetings. In addition, from time to time, there may
be projects that we would ask you to assist in. These projects would generally be limited in scope
and would not be expected to require a significant time commitment.

          DemandTec will reimburse reasonable travel and other business expenses in connection with your
duties as a Board member in accordance with DemandTec’s generally applicable policies.

          Nothing in this offer or the stock Option agreement should be construed to interfere with or
otherwise restrict in any way the rights of DemandTec’s stockholders to remove any individual from
the Board at any time in accordance with the provisions of applicable law.

          We hope that you find the foregoing terms acceptable. You may indicate your agreement with
these terms and accept this offer by signing and dating the enclosed duplicate original of this
letter and returning it to me.

          We look forward to you joining the Board.

	 	 	 	 	 
	 	Very truly yours,

DemandTec, Inc. 

 	 
	 	By:  	/s/  Dan Fishback
 	 
	 	 	Dan Fishback, Chief Executive Officer 	 
	 	 	 	 
	 

	 	 	 	 	 	 
	I have read and accept this offer:
	 	 	 	 
	 
	 	 	 	 
	/s/ Linda Fayne Levinson

	 	 	 	7/14/05
	 

	 	 	 	 
	Signature of Linda Fayne Levinson

	 	 	 	Dated:

 

 

			
	
	 	1 Circle Star Way, Suite 200 

San Carlos, CA 94070 

tel (650) 226-4600 

fax (650) 556-1190 

www.demandtec.com

February 15, 2007

Ms. Linda Fayne Levinson

Re: DemandTec, Inc. (“DemandTec”) Board Compensation

Dear Linda:

     This letter is to confirm our previous understanding that effective from the
first quarter of DemandTec’s fiscal year 2007 (commenced March 1, 2006), in connection
with and solely in exchange for services being rendered by you as a member of
DemandTec’s Board of Directors, you are eligible to receive an annual retainer of
$16,000 payable in equal quarterly installments.

	 	 	 	 	 
	 	Very Truly Yours,

 	 
	 	/s/ Dan Fishback
 	 
	 	Dan Fishback 	 
	 	President & CEO 	 
	 

	 	 	 
	Agreed and Accepted:
	 	 
	 
	 	 
	/s/ Linda Fayne Levinson
 

Linda Fayne Levinson

	 	 

Date: Feb
16, 2006exv10w13

 

Exhibit 10.13

March 22, 2005

Mr. Vic Lund

Dear Vic:

          DemandTec, Inc. (“DemandTec”) is pleased to offer you a position as a member of the DemandTec
Board of Directors (the “Board”). The following is some information on the benefits available to
you as a member of the Board.

          You will be eligible for a retainer of $2,500 per meeting attended in person paid monthly in
arrears. It is expressly understood that this compensation is provided solely for services being
rendered by you as a member of the DemandTec Board of Directors.

          Subject to the approval of the Board, you will be granted an option to purchase 200,000 shares
of DemandTec’s Common Stock (the “Option”). The exercise price per share will be equal to the fair
market value per share on the date the Option is granted. The Option will be subject to the terms
and conditions applicable to options granted under the DemandTec 1999 Equity Incentive Plan, as
described in that Plan and the applicable stock option agreement. The Option will be immediately
exercisable, but the purchased shares will be subject to repurchase by DemandTec at the exercise
price in the event that your service terminates before you vest in the shares. You will vest in
25% of the Option shares after one year of continuous service, and the balance will vest in equal
monthly installments over the next 36 months of continuous service, as described in the applicable
stock option agreement.

          If the Company is subject to a Change in Control (as defined below) before your service with
the Company terminates and within 12 months of the date of grant of the Option, then you will be
vested in 25% of the Option shares. “Change in Control” shall mean (i) a sale, lease or other
disposition of all or substantially all of the assets of the Company, (ii) a merger or
consolidation in which the Company is not the surviving corporation, or (iii) a reverse merger in
which the Company is the surviving corporation but the shares of Common Stock outstanding
immediately preceding the merger are converted by virtue of the merger into other property, whether
in the form of securities, cash or otherwise. If the Company is subject to a Change in Control 12
months or more after the date of grant of the Option, then no additional vesting will be credited.

 

 

Vic Lund

March 22, 2005

Page 2

          Board meetings are generally held eight (8) times per year and we would hope that your
schedule would permit you to attend all of the meetings. In addition, from time to time, there may
be projects that we would ask you to assist in. These projects would generally be limited in scope
and would not be expected to require a significant time commitment.

          DemandTec will reimburse reasonable travel and other business expenses in connection with your
duties as a Board member in accordance with DemandTec’s generally applicable policies.

          Nothing in this offer or the stock Option agreement should be construed to interfere with or
otherwise restrict in any way the rights of DemandTec’s stockholders to remove any individual from
the Board at any time in accordance with the provisions of applicable law.

          We hope that you find the foregoing terms acceptable. You may indicate your agreement with
these terms and accept this offer by signing and dating the enclosed duplicate original of this
letter and returning it to me.

          We look forward to you joining the Board.

	 	 	 	 	 
	 	Very truly yours,

DemandTec, Inc. 

 	 
	 	By:  	/s/ Larry Lowry
 	 
	 	 	Larry Lowry, Chairman of the Board 	 
	 	 	 	 
	 

	 	 	 	 	 	 
	I have read and accept this offer:
	 	 	 	 
	 
	 	 	 	 
	/s/ Vic Lund

	 	 	 	3/30/05
	 

	 	 	 	 
	Signature of Vic Lund

	 	 	 	Dated:

	 	 	 	 	 
	Cc:

	 	Mark Culhane
	 	 
	 

	 	Dan Fishback	 	 

 

 

			
	
	 	1 Circle Star Way, Suite 200

San Carlos, CA 94070

tel (650) 226-4600

fax (650) 556-1190 

www.demandtec.com

February 15, 2007

Mr. Victor Lund

Re: DemandTec, Inc. (“DemandTec”) Board Compensation

Dear Vic

     This letter is to confirm our previous understanding that effective from the first
quarter of DemandTec’s fiscal year 2007 (commenced March 1, 2006), in connection with
and solely in exchange for services being rendered by you as a member of DemandTec’s
Board of Directors, you are eligible to receive an annual retainer of $16,000 payable
in equal quarterly installments.

	 	 	 	 	 
	 	Very Truly Yours,

 	 
	 	/s/ Dan Fishback
 	 
	 	Dan Fishback 

President & CEO 	 
	 	 	 
	 

	 	 	 
	Agreed and Accepted:
	 	 
	 
	 	 
	/s/ Victor Lund
 

Victor Lund

	 	 

Date: 2/16/07exv10w14

 

Exhibit 10.14

March 1, 2007

Mr. Joshua Pickus

Dear Josh:

          DemandTec, Inc. (“DemandTec”) is pleased to offer you a position as a member of the DemandTec
Board of Directors (the “Board”). The following is some information on the benefits available to
you as a member of the Board.

          You will be eligible for an annual retainer of $16,000 payable $4,000 per quarter. It is
expressly understood that this compensation is provided solely for services being rendered by you
as a member of the DemandTec Board of Directors.

          Subject to the approval of the Board, you will be granted an option to purchase 165,000 shares
of DemandTec’s Common Stock (the “Option”). The exercise price per share will be equal to the fair
market value per share on the date the Option is granted. The Option will be subject to the terms
and conditions applicable to options granted under the DemandTec 1999 Equity Incentive Plan, as
described in that Plan and the applicable stock option agreement. The Option will vest in 25% of
the Option shares after one year of continuous service, and the balance will vest in equal monthly
installments over the next 36 months of continuous service, as described in the applicable stock
option agreement.

          If the Company is subject to a Change in Control (as defined below) and your service with the
Company terminates, then you will be vested in 100% of the Option shares then unvested as of the
Change in Control date. “Change in Control” shall mean (i) a sale, lease or other disposition of
all or substantially all of the assets of the Company, (ii) a merger or consolidation in which the
Company is not the surviving corporation, or (iii) a reverse merger in which the Company is the
surviving corporation but the shares of Common Stock outstanding immediately preceding the merger
are converted by virtue of the merger into other property, whether in the form of securities, cash
or otherwise.

          Board meetings are generally held once a quarter and we would hope that your schedule would
permit you to attend all of the meetings. In addition, from time to time, there may be projects
that we would ask you to assist in. These projects would generally be limited in scope and would
not be expected to require a significant time commitment.

 

 

Joshua Pickus

March 1, 2007

Page 2

          DemandTec will reimburse reasonable travel and other business expenses in connection with your
duties as a Board member in accordance with DemandTec’s generally applicable policies.

          Nothing in this offer or the stock Option agreement should be construed to interfere with
or otherwise restrict in any way the rights of DemandTec’s stockholders to remove any individual
from the Board at any time in accordance with the provisions of applicable law.

          We hope that you find the foregoing terms acceptable. You may indicate your agreement with
these terms and accept this offer by signing and dating the enclosed duplicate original of this
letter and returning it to me.

          We look forward to you joining the Board.

	 	 	 	 	 
	 	Very truly yours,

DemandTec, Inc. 

 	 
	 	By:  	/s/ James Sayre
 	 
	 	 	James Sayre 	 
	 	 	Chairman of the Nominating Committee 	 
	 

	 	 	 	 	 	 
	I have read and accept this offer:
	 	 	 	 
	 
	 	 	 	 
	/s/ Joshua Pickus

	 	 	 	3/10/07
	 

	 	 	 	 
	Signature of Joshua Pickus

	 	 	 	Dated

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