Document:

Exhibit 10.01

 

Summary of GoRemote Executive Incentive
Guidelines

 

Fiscal Year 2006

 

1.    Plan
Name and Effective Date

 

The
Compensation Committee of GoRemote’s Board of Directors (the “Compensation
Committee”) has adopted the following guidelines for executive incentive
compensation, effective for GoRemote’s 2006 fiscal year, from November 1,
2005 through October 31, 2006.

 

2.    Purpose

 

The
purpose of these guidelines is to establish financial incentives for eligible
executives, in furtherance of GoRemote’s revenue and profitability goals, in
order to help GoRemote stockholders realize increased value from their
investments.

 

3.    Eligibility

 

Executive
officers of GoRemote who are designated by the Compensation Committee are
eligible to participate in these arrangements and are referred to in this
summary as “Participants.”

 

4.    Timing
of Incentive Payments

 

On
a quarterly and an annual basis, the Compensation Committee will consider these
guidelines, and the achievement of corporate and personal objectives (set by
the Compensation Committee, with the participation of the CEO only in
determining the objectives for other Participants), and such other factors as
it deems appropriate to determine the incentive payment amounts to be paid to
Participants.  Fifty percent (50%) of
each Participant’s bonus will be based on attainment of personal objectives and
fifty percent (50%) will be based on achievement of corporate objectives.  In addition, fifty percent (50%) of the bonus
will be measured and paid quarterly and fifty percent (50%) will be measured
and paid annually.  These amounts will be
paid as soon as administratively feasible after GoRemote’s public announcement
of unaudited financial results for the first three quarters of the 2006 fiscal
year and of audited financial results for the full 2006 fiscal year.

 

5.    Payments

 

Chart
A shows the target bonus amounts for each Participant as of November 1,
2005.  The Compensation Committee
determines all target bonus levels for the CEO, and determines target bonus
levels for other executive officers based on recommendations by GoRemote’s CEO.

 

6.    Determination of Corporate Target Levels

 

The
Compensation Committee has determined that the corporate targets to be used for
the 2006 fiscal year will be revenue and operating profit, determined in
accordance with generally accepted accounting principles.  The Compensation Committee will determine the
specific levels of these corporate targets that must be attained for a target
bonus to be earned.

 

The
Compensation Committee will determine the personal objectives to be used for
the 2006 fiscal year (with the participation of the CEO only in determining the
objectives for other Participants).

 

 

Chart
A

 

Participants
and Target Bonus

 

	
  Name and Position

  	
   

  	
  Target Bonus

  	
   

  
	
  Tom Thimot 

  President and Chief Executive Officer

  	
   

  	
  $

  	
  180,000

  	
   

  
	
  Daniel W.
  Fairfax 

  Senior Vice President and Chief Financial Officer

  	
   

  	
  $

  	
  135,000

  	
   

  
	
  John Grosshans*

  Senior
  Vice President Worldwide Sales

  	
   

  	
  $

  	
  160,000

  	
   

  
	
  Greg Carver 

  Senior Vice President Operations

  	
   

  	
  $

  	
  95,000

  	
   

  
	
  David L. Teichmann 

  Senior
  Vice President, General Counsel and Secretary

  	
   

  	
  $

  	
  85,000

  	
   

  
	
  Steve d’Alencon 

  Vice President, Product Management and Marketing

  	
   

  	
  $

  	
  80,000

  	
   

  

 

* Based solely on
achievement of revenue quota attainmentExhibit 10.02

 

Description of Change-of-Control Arrangements

 

Participating Executives are executives of
GoRemote Internet Communications, Inc. (“Company”) selected by the Company’s
Compensation Committee from time to time.

 

If a Participating Executive’s employment by
the Company or an affiliate of the Company is terminated without “Cause” by the
Company (or a successor to the Company) after the effective date of a “Change
of Control” (defined below) or if a Participating Executive resigns for “Good
Reason” (defined below) within 12 months after the effective date of a Change
of Control (each, a “Qualifying Event”), then: (a) the Company or its
successor shall pay such Participating Executive a severance payment equal to
six months of the Participating Executive’s base salary (“Severance Payment”);
and (b) the stock option granted to such Participating Executive on September 29,
2005 will vest in full upon the date of the Qualifying Event.  The Company or its successor will pay the
Severance Payment to the Participating Executive upon the occurrence of such
Qualifying Event.

 

These rights are in addition to and not in
replacement of any other change-of-control or other benefits that a
Participating Executive may have been granted by the Company.

 

	
  Participating Executive

  	
   

  	
  Title

  	
   

  	
  Annual
  Base

  Salary

  (as of 10/1/05)

  	
   

  	
  Severance

  Payment

  (as of 10/1/05)

  	
   

  	
  Shares

  Underlying

  Options

  Granted

  9/29/05

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Tom Thimot

  	
   

  	
  President and Chief Executive Officer

  	
   

  	
  $

  	
  275,000

  	
   

  	
  $

  	
  137,500

  	
   

  	
  295,000

  	
   

  
	
  Daniel W. Fairfax

  	
   

  	
  Senior Vice President and Chief Financial
  Officer

  	
   

  	
  $

  	
  265,000

  	
   

  	
  $

  	
  132,500

  	
   

  	
  145,000

  	
   

  
	
  John Grosshans

  	
   

  	
  Senior Vice President Worldwide Sales

  	
   

  	
  $

  	
  190,000

  	
   

  	
  $

  	
  95,000

  	
   

  	
  95,000

  	
   

  
	
  David L. Teichmann

  	
   

  	
  Senior Vice President, General Counsel and
  Secretary

  	
   

  	
  $

  	
  240,000

  	
   

  	
  $

  	
  120,000

  	
   

  	
  95,000

  	
   

  
	
  Greg Carver

  	
   

  	
  Senior Vice President Operations

  	
   

  	
  $

  	
  205,000

  	
   

  	
  $

  	
  102,500

  	
   

  	
  95,000

  	
   

  
	
  Steve d’Alencon

  	
   

  	
  Vice President, Product Management &
  Marketing

  	
   

  	
  $

  	
  195,000

  	
   

  	
  $

  	
  97,500

  	
   

  	
  95,000

  	
   

  

 

“Change
of Control” means:

 

(a)                                  any
individual, entity or group (within the meaning of Section 13(d)(3) or
14(d)(2) of the Securities Exchange Act of 1934 who, by the acquisition or
aggregation of securities, becomes the “beneficial owner” (as defined in Rule 13d-3
under the Exchange Act), directly or indirectly, of securities of the Company
representing 50% or more of the combined voting power of the Company’s then
outstanding securities ordinarily (and apart from rights accruing under special
circumstances) having the right to vote on elections of directors (the “Base Capital Stock”); except that any
change in the relative beneficial ownership of the Company’s securities by any
person resulting solely from a reduction in the aggregate number of outstanding
shares of Base Capital Stock, and any decrease thereafter in such person’s
ownership of securities, shall be disregarded until such person increases in
any manner, directly or indirectly, such person’s beneficial ownership of any
securities of the Company; or

 

(b)                                 the
consummation of a merger or consolidation of the Company with or into another
entity or any other corporate reorganization, if persons who were not
stockholders of the Company immediately 

 

 

prior to such merger, consolidation or other
reorganization own immediately after such merger, consolidation or other reorganization
50% or more of the voting power of the outstanding securities of each of (i) the
continuing or surviving entity and (ii) any direct or indirect parent
corporation of such continuing or surviving entity; or

 

(c)                                  a
change in the composition of the Board, as a result of which the individuals
who immediately prior to such change constitute the Board (the “Incumbent Board”) cease to constitute a
majority of the Board; provided, however, that any individual becoming a
director whose election, or nomination for election by the Company’s
stockholders, was approved by a vote of at least two-thirds of the directors
then comprising the Incumbent Board shall be considered as though such an
individual were a member of the Incumbent Board; or

 

(d)                                 the
sale, transfer or other disposition of all or substantially all of the Company’s
assets.

 

“Good Reason” means resignation by the Participating Executive of his
employment, other than for Cause or disability, due to:

 

(i)                                      the
Company, without the Participating Executive’s express written consent,
assigning duties to the Participating Executive or significantly reducing the
Participating Executive’s duties, in a manner that is materially inconsistent
with the Participating Executive’s position with the Company and responsibilities
in effect immediately prior to such assignment or reduction, or the Company
removing the Participating Executive from such position and responsibilities,
which is not effected for disability or for Cause;

 

(ii)                                  a  material reduction in the base salary and/or
target bonus of the Participating Executive as in effect immediately prior to
such reduction; or

 

(iii)                                the
relocation of the Participating Executive to a facility or a location more than
25 miles from Milpitas, California, without the Participating Executive’s
express written consent.

 

“Cause” means failure to
continually and substantially perform the responsibilities of the Participating
Executive’s position in an acceptable manner reasonably assigned by the CEO or
the Board of Directors, including, without limitation, gross negligence, gross
misconduct, habitual neglect of duties, criminal acts, violation of any state
or federal securities laws, commission of a felony involving fraud or
dishonesty, violation of the Company’s Code of Business Conduct and Ethics or
other written lawful policies or written instructions of the Board of
Directors, or commencement of employment or any other business arrangements
with another employer, without the prior consent of the Company, while employed
by the Company.

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