Document:

EMPLOYMENT LETTER BETWEEN THE COMPANY AND DAVID DEMARIA DATED APRIL 1, 2004

 Exhibit 10.2 
  
 [LOGO APPEARS HERE] 
  
 April 1, 2004 
  
 Mr. David DeMaria 
 1115 Lennon Way 
 San Jose, CA 95134 
  
 Dear Dave: 
  
 I am very pleased to offer you the opportunity to work as an employee at-will of MatrixOne as Senior Vice President, Worldwide Marketing reporting to me.
This of course, assumes that you have been successful in completely severing your relationship with Cadence Design Systems. Your starting salary for this exempt position will be $8,847.00 bi-weekly (26 pay periods), which is equivalent to
$230,000.00 per year. Your start date will be April 12, 2004. You will be working from our Westford office. 
  
 In addition to your base salary, you will also be eligible to participate in the MatrixOne Executive Incentive Compensation Plan that is valued at
approximately $70,000.00 on an annual basis beginning July 1, 2004. Annual incentive compensation is awarded for the achievement of company and individual objectives. Additionally, MatrixOne will guarantee your variable portion of your bonus for the
first eleven (11) weeks of your first quarter which is equivalent to $15,000.00 and will be payable when the bonus payments are made in the Q1 timeframe. The full details covering this Plan will be outlined for you shortly after the start of your
employment. Eligibility to participate in this Plan will begin at the start of the new fiscal year in July, 2004. 
  
 You will also be granted 250,000 stock options in addition to the above compensation. Please note that the option grant is subject to the approval of the
Board of Directors. The options will vest quarterly and will be 100% vested at the completion of a four-year period. 
  
 MatrixOne, Inc. offers a comprehensive insurance program designed to provide protection for its employees and their families. The package includes Basic
Life, Accidental Death and Dismemberment, Medical, Dental, Vision, Short and Long Term Disability. In addition, the Company also provides a 401(K) Retirement Savings Plan and a Stock Purchase Plan, and will provide four weeks paid vacation within
your first year of employment. 
  
 Per our discussion you will
receive a Change in Control Agreement under separate cover. 
  
 As
a condition of this offer, you will be required to read and acknowledge the enclosed Employee Secrecy, Invention and Non-Compete Agreement. By signing this document you agree that your employment shall not cause you to use, distribute or in any
other way disclose confidential or proprietary information or material from your employer or any third party. It is understood by MatrixOne that you have a part-time employment arrangement with Cadence Design Systems through December, 2004.

  
 You will also be required to provide documentation to verify
your employment eligibility in the United States. Enclosed please find a list of acceptable documents you will need to have with you on your first day of employment. 
  
 MatrixOne, Inc. 
 210 Littleton Road Westford, MA 01886 Tel: 978-589-4000 Fax: 978-589-5700 
 www.matrixone.com 

 [LOGO APPEARS HERE] 
  
 Letter to David DeMaria 
 April 1, 2004 
 Page 2 
  
 Dave, it is a pleasure to welcome you to the
MatrixOne team. If in agreement with this offer, please sign the original and return it with the Employee Secrecy/Non-Compete Agreement and the Application for Employment to my assistant. Gayle Crosby. Or, if you wish, you may also fax your signed
offer letter to our confidential fax at (978) 589-5701. Please do not hesitate to contact me at (978) 589-4100 if you have any questions regarding this offer. 
  

	
	 Sincerely,

	
	 /s/ Mark F. O’Connell

	 Mark F. O’Connell
 President & Chief Executive Officer

  
 MFO:gmc 
  
 Enclosures 
  

			
	 Offer accepted by: /s/ David DeMaria    
	 	 4/1/04

	 	 	 DateEMPLOYMENT LETTER BETWEEN THE COMPANY AND DEBORAH DEPUTAT DATED MARCH 25,2004

 Exhibit 10.3 
  
 [LOGO APPEARS HERE] 
  
 March 25, 2004 
  
 Ms. Deborah A. Deputat 
 4 Westridge Drive 
 Hampton, NH 03842 
  
 Dear Deb: 
  
 I am very pleased to offer you the opportunity to work as an employee
at-will of MatrixOne as Senior Vice President, Human Resources reporting to me. Your starting salary for this exempt position will be $7,116.00 bi-weekly (26 pay periods), which is equivalent to $185,000.00 per year. Your start date will be May 4,
2004. You will be working from our Westford office. 
  
 In
addition to your base salary, you will be eligible to participate in the MatrixOne Executive Incentive Compensation Plan that is valued at approximately $55,000.00 on an annual basis beginning July 1, 2004. Annual incentive compensation is awarded
for the achievement of company and individual objectives. The full details covering this Plan will be outlined for you shortly after the start of your employment. Eligibility to participate in this Plan will begin at the start of the new fiscal year
in July, 2004. 
  
 You will also be granted 175,000 stock options
in addition to the above compensation. Please note that the option grant is subject to the approval of the Board of Directors. The options will vest quarterly and will be 100% vested at the completion of a four-year period. 
  
 MatrixOne, Inc. offers a comprehensive insurance program designed to provide
protection for its employees and their families. The package includes Basic Life, Accidental Death and Dismemberment, Medical, Dental, Vision, Short and Long Term Disability. In addition, the Company also provides a 401(K) Retirement Savings Plan
and a Stock Purchase Plan, and will provide four weeks paid vacation within your first year of employment. 
  
 Per our discussion you will receive a Change in Control Agreement under separate cover. 
  
 As a condition of this offer, you will be required to read and acknowledge the enclosed Employee Secrecy, Invention and
Non-Compete Agreement. By signing this document you agree that your employment shall not cause you to use, distribute or in any other way disclose confidential or proprietary information or material from your employer or any third party. 

 
 You will also be required to provide documentation to verify you
employment eligibility in the United States. Enclosed please find a list of acceptable documents you will need to have with you on your first day of employment. 
  

MatrixOne, Inc. 
 210 Littleton Road
Westford, MA 01886 Tel: 978-589-4000 Fax: 978-589-5700 
 www.matrixone.com 

 [LOGO APPEARS HERE] 
  
 Letter to Deborah Deputat 
 March 25, 2004 
 Page 2 
  
 Deb, it is a pleasure to welcome you to the
MatrixOne team. If in agreement with this offer, please sign the original and return it with the Employee Secrecy/Non-Compete Agreement and the Application for Employment to my assistant, Gayle Crosby. Or, if you wish, you may also fax your signed
offer letter to our confidential fax at (978) 589-5701. Please do not hesitate to contact me at (978) 589-4100 if you have any questions regarding this offer. 
  

	
	 Sincerely,

	
	 /s/ Mark F. O’Connell

	 Mark F. O’Connell

	 President & Chief Executive Officer

  
 MFO:gmc 
  
 Enclosures 
  

			
	 Offer accepted by: /s/ Deborah A. Deputat    
	 	 03/26/04

	 	 	 DateEMPLOYMENT LETTER BETWEEN THE COMPANY AND DEBORAH DEPUTAT DATED APRIL 1, 2004

 Exhibit 10.4 
  
 [LOGO APPEARS HERE] 
  
 March 25, 2004 
  
 Ms. Deborah A. Deputat 
 4 Westridge Drive 
 Hampton, NH 03842 
  
 Dear Deb: 
  
 We are excited that you have joined MatrixOne, Inc. (the
“Company”), and hope that you will be able to assist us in our efforts to make the Company successful. While all positions with the Company are deemed employee at-will, we are very pleased to modify your employment arrangement as set forth
in the offer letter from the Company to you dated March 25, 2004 (the “Offer Letter”), as provided below. 
  
 In the event that your employment with the Company is terminated by you for Good Reason or by the Company or its successor without Cause at any time
within 12 months after (x) the sale of the Company by merger in which the shareholders of the Company in their capacity as such no longer own a majority of the outstanding equity securities of the Company (or its successor); or (y) any sale of all
or substantially all of the assets or capital stock of the Company (other than in a spin-off or similar transaction) or (z) any other acquisition of the business of the Company, as determined by the Company’s Board of Directors (an
“Acquisition”), then the Company or the acquiring corporation, as the case may be, subject to your executing a comprehensive release agreement in a form and scope acceptable to the Company, shall be obligated to pay you as follows: (i) 12
months salary at your then current base rate in 26 equal bi-weekly payments; (ii) the greater of (a) your then current annual target bonus or incentive payment or (b) the most recent annual bonus or incentive payment earned by you or paid to you by
the Company; (iii) If you are eligible for, and choose to elect health insurance continuation in accordance with COBRA, the Company will pay your premium payments under COBRA for a period of 12 months or, if earlier, until you commence employment
with a new employer; and (iv) payment, for a period of 12 months after your termination of employment, of the premiums for life insurance, supplemental life insurance and long-term disability insurance for your benefit, under policies to be
determined by the Company as permitted by the applicable plans under which you were covered as of your termination date (the payments and benefits described in clauses (i), (ii), (iii) and (iv) above are collectively referred to herein as the
“Termination Payments”). The Termination Payments shall be subject to all applicable federal, state and local withholding, payroll and other taxes, subject to the terms herein. For the sake of clarity, if you are eligible to receive the
Termination Payments set forth herein, you will not be eligible to receive any severance payments or benefits to the extent any are set forth in the Offer Letter. Any obligation of the Company to provide Termination Payments is expressly conditioned
upon your continued full performance of the obligations under the terms of the Non-Compete Agreement. 
  
 For purposes of the Letter Agreement (as defined below), “Cause” shall mean any one or more of the following: (i) your failure or refusal to
render services to the Company in accordance with your obligations or a determination by the Board of the Directors of the Company that you have inadequately performed your employment duties: (ii) your disloyalty, gross negligence, dishonesty or
breach of fiduciary duty; (iii) your commission of an act of fraud, theft, misappropriation, embezzlement or deliberate disregard of the rules or policies of the Company or the rules of the Securities and Exchange Commission or your commission of
any other action which injures the Company; (iv) any act of moral turpitude by you which materially adversely affects your ability to perform your duties and represent the Company; (v) your commission of a felony or other crime involving moral
turpitude, or pleading nolo contendere to, or being convicted of, any crime or other violation of law; or (vi) your breach of the terms of the Employee Secrecy, invention and Non-Compete Agreement that you signed with the Company (the
“Non-Compete Agreement”) or of any obligations under any other agreement entered into between you and the Company. 
  
 MatrixOne, Inc. 
 210 Littleton Road
Westford, MA 01886 Tel: 978-589-4000 Fax: 978-589-5700 
 www.matrixone.com 

 [LOGO APPEARS HERE] 
  
 Letter to Deborah Deputat 
 March 25, 2004 
 Page 2 
  
 For purposes of the Letter Agreement,
“Good Reason” shall mean your termination of employment as a result of (i) a material breach of the Letter Agreement by the Company; (ii) a material reduction in your responsibility or authority for the operations of the Company as it
exists on the date of this letter; or (iii) the failure of the Company to pay your salary or bonus, if any, in the time and manner contemplated by the Letter Agreement; provided, however, that an event described in this sentence shall
not constitute Good Reason unless it is communicated by you to the Company in writing within 30 days of the event, Any references to the “Company” in this or the preceding paragraph shall include any surviving or successor entity following
an Acquisition. 
  
 If, in connection with an Acquisition, (a) the
Termination Payments, or (b) any payment or benefit received or to be received by you pursuant to any other plan, arrangement or agreement (such payments or benefits together with the Termination Payments, the “Total Payments”) would
constitute (in whole or in part) an “excess parachute payment” within the meaning of Section 280G(b) of the Internal Revenue Code of 1986, as amended (the “Code”), then the amount of the Termination Payments shall be reduced,
before any other reduction of the Total Payments, if any, until the “aggregate present value” (as that term is defined in section 280G(d)(4) of the Code) of the Total Payments is such that no part of the Total Payments constitutes an
“excess parachute payment” within the meaning of Section 280G(b) of the Code; provided, however, that if the “aggregate present value” of the Total Payments would exceed the Total Payments as so reduced plus the tax
that, but for this sentence, would be imposed on you under Section 4999 of the Code in connection with the Acquisition, then the Termination Payments shall not be reduced. For purposes of the preceding sentence, the “aggregate present
value” of the Total Payments shall be calculated on an after-tax basis (other than taxes imposed by Section 4999 of the Code) and shall be based on economic principles rather than the principles set forth under Section 280G of the Code and the
regulations promulgated thereunder. All determinations required to be made under this paragraph shall be made by the Company. 
  
 Except as modified by this letter, the Offer Letter remains in full force and effect in accordance with its terms. The Offer Letter, together with this
letter, the Non-Compete Agreement and any written agreements between you and the Company concerning stock or stock options collectively are referred to herein as the “Letter Agreement,” The Letter Agreement sets forth the sole
understanding between you and the Company with respect to the subject matter hereof and thereof, and supersedes any prior negotiations, understandings or agreements, written or oral, by or between you and the Company regarding such subject matter.

  
 If you agree to this letter, please sign the original copy of
this letter and return it my assistant, Gayle Crosby. Or, if you wish, fax it to our confidential fax at (978) 589-5701. Please do not hesitate to contact me at (978) 589-4100 if you have any questions regarding this letter. 
  

	
	 Sincerely,

	
	 /s/ Mark F. O’Connell

	 Mark F. O’Connell

	 President & Chief Executive Officer

  
 MFO:gmc 
  
 Enclosures 
  
 Offer accepted by: /s/ Deborah A.
Deputat                                       
     Date: 03/26/04

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