Document:

EX-10.22

 Exhibit 10.22 

VOCUS, INC. 
 2005 STOCK
AWARD PLAN 
 RESTRICTED STOCK UNIT AGREEMENT 

Unless otherwise defined herein, the terms defined in the Vocus, Inc. 2005 Stock Award Plan (the “Plan”) shall have the same defined
meanings in this Restricted Stock Unit Agreement (the “Agreement”). 
  

	I.	NOTICE OF RESTRICTED STOCK UNIT GRANT 

  

			
		
	 Name:
	  	 (“Recipient”)        

		
	 Address:
	  	  

 The undersigned Recipient has been granted rights to acquire shares of common stock of the Company
(“Common Stock”), subject to the terms and conditions of the Plan and this Restricted Stock Unit Agreement, as follows: 
  

			
		
	 Date of Grant:
	  	  

		
	 Vesting Commencement Date:
	  	  

		
	 Type of Grant:
	  	Restricted Stock Unit Award
		
	 Target Award:
	  	 [                ]. This represents the number of
Restricted Stock Units that would become Earned Restricted Stock Units pursuant to the vesting provisions set forth in Exhibit A attached hereto if the Revenue Target Goal and the Operating Income Target Goal were met. Of this total,
[                 ] represents a Revenue Target Award, and [                 ] represents
an Operating Income Target Award, as those terms are defined in Exhibit A attached hereto.
  

		
	 Maximum Award:
	  	[                 ]. This represents the maximum number of Restricted Stock Units that can become Earned Restricted Stock Units pursuant to the
vesting provisions set forth in Exhibit A attached hereto.
	
	Vesting Schedule: This Restricted Stock Unit Award shall vest according to the vesting provisions set forth in the attached Exhibit A.

  

	II.	AGREEMENT 

 1. Award of Restricted Stock Units. The Plan Administrator of the
Company hereby grants to Recipient named in the Notice of Restricted Stock Unit Grant, the number of Restricted Stock Units set forth in the Notice of Restricted Stock Unit Grant (collectively the “Restricted Stock Units”), and subject to
the terms and conditions of the Plan, which is incorporated herein by reference. The Restricted Stock Units are Stock Units under the Plan. Subject to Section 10(e) of the Plan, in the event of a conflict between the terms and conditions of the
Plan and this Agreement, the terms and conditions of the Plan shall prevail. As a condition to entering into this Agreement, and as a condition to the issuance of any Restricted Stock Units or shares of Common Stock (or any other securities of the
Company), Recipient agrees to be bound by all of the terms and conditions herein and in the Plan. 

  
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 2. Definitions. For purposes of this Agreement, the following terms shall have the
meanings indicated: 
 (a) “Cause” shall have the meaning given to such term in the Employment Agreement. 

(b) “Delivery Date” shall mean the date selected by the Plan Administrator that is within 30 days following the date on which
any Earned Restricted Stock Units vest pursuant to Exhibit A. If the Company terminates Recipient’s Continuous Service without Cause (other than as a result of Recipient’s death or disability) or Recipient resigns for Good Reason, then the
Delivery Date of any Restricted Stock Units that become Vested RSUs pursuant to paragraph 8 of Exhibit A hereto shall in no event be later than March 15 of the calendar year immediately following the calendar year in which termination of
Recipient’s Continuous Service occurs. 
 (c) “Employment Agreement” shall mean Recipient’s then-current
employment agreement with the Company. 
 (d) “Good Reason” shall have the meaning given to such term in the Employment
Agreement. 
 (e) “Non-Vested RSUs” shall mean any portion of the Restricted Stock Units subject to this Agreement that
have not become vested pursuant to Exhibit A. 
 (f) “Separation from Service” shall mean the voluntary or involuntary
separation from service with the Service Recipient, determined in a manner consistent with Section 409A of the Code and the treasury regulations thereunder. 

(g) “Service Recipient” means the person or entity for whom the services resulting in the grant of the Restricted Stock Units
were performed, and with respect to whom the legally binding right to the Restricted Stock Units arises, and all persons with whom such person would be considered a single employer under Section 414(b) of the Code (employees of a controlled
group of corporations), and all persons with whom such person would be considered a single employer under Section 414(c) of the Code (employees of partnerships, proprietorships, or other entities under common control). 

(h) “Specified Employee” means a “specified employee” of the Company within the meaning of
Section 409A(a)(2)(B)(i) of the Code. 
 (i) “Vested RSUs” shall mean any portion of the Restricted Stock Units
subject to this Agreement that have become vested pursuant to Exhibit A. 
 3. Forfeiture of Restricted Stock Units. 

(a) Any Restricted Stock Units that do not become Earned Restricted Stock Units on or before the last day of the Measurement Period, as those
terms are defined in Exhibit A hereto, shall be forfeited immediately effective as of the last day of the Measurement Period without any payment to Recipient. 

(b) If Recipient’s Continuous Service with the Company is terminated, any Restricted Stock Units that are not Vested RSUs, and that do
not and will not become Vested RSUs pursuant to the vesting provisions set forth in Exhibit A hereof as a result of such termination, shall be forfeited immediately upon such termination of Continuous Service without any payment to Recipient.

 (c) The Plan Administrator shall have the power and authority to enforce on behalf of the Company any rights of the Company under this
Agreement in the event of Recipient’s forfeiture of Non-Vested RSUs pursuant to this Section 3. 

  
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 4. Settlement of Restricted Stock Units. Except as otherwise provided in
Section 9(j)(v) hereof, the Company shall deliver to Recipient on each Delivery Date Shares corresponding to the Restricted Stock Units that became Vested RSUs prior to the Delivery Date but that have not previously been delivered. 

5. Rights with Respect to Restricted Stock Units. 

(a) No Rights as Shareholder Until Delivery. Except as otherwise provided in this Section 5, Recipient shall not have any rights,
benefits or entitlements with respect to the Shares corresponding to the Restricted Stock Units unless and until those Shares are delivered to Recipient (and thus shall have no voting rights, or rights to receive any dividend declared, before those
Shares are so delivered). On or after delivery, Recipient shall have, with respect to the Shares delivered, all of the rights of a holder of Shares granted pursuant to the articles of incorporation and other governing instruments of the Company, or
as otherwise available at law. 
 (b) Adjustments to Shares. If at any time while this Agreement is in effect and before any Shares
have been delivered with respect to any Restricted Stock Units, there shall be any increase or decrease in the number of issued and outstanding Shares of the Company through the declaration of a stock dividend or through any recapitalization
resulting in a stock split-up, combination or exchange of such Shares, then and in that event, the Committee (or Board as applicable) shall make any adjustments it deems fair and appropriate, in view of such change, in the number of Shares subject
to the Restricted Stock Units then subject to this Agreement. If any such adjustment shall result in a fractional Share, such fraction shall be disregarded. 

(c) No Restriction on Certain Transactions. Notwithstanding any term or provision of this Agreement to the contrary, the existence of
this Agreement, or of any outstanding Restricted Stock Units awarded hereunder, shall not affect in any manner the right, power or authority of the Company or any Related Entity to make, authorize or consummate: (i) any or all adjustments,
recapitalizations, reorganizations or other changes in the Company’s or any Related Entity’s capital structure or its business; (ii) any merger, consolidation or similar transaction by or of the Company or any Related Entity;
(iii) any offer, issue or sale by the Company or any Related Entity of any capital stock of the Company or any Related Entity, including any equity or debt securities, or preferred or preference stock that would rank prior to or on parity with
the Shares subject to the Restricted Stock Units and/or that would include, have or possess other rights, benefits and/or preferences superior to those that such Shares includes, has or possesses, or any warrants, options or rights with respect to
any of the foregoing; (iv) the dissolution or liquidation of the Company or any Related Entity; (v) any sale, transfer or assignment of all or any part of the stock, assets or business of the Company or any Related Entity; (vi) the
declaration or payment of any ordinary or extraordinary dividend or other distribution of cash, Shares or other property; or (vii) any other corporate transaction, act or proceeding (whether of a similar character or otherwise). 

6. Transferability. The Restricted Stock Units are not transferable otherwise than by will or under the applicable laws of descent and
distribution. The terms of this Agreement shall be binding upon the executors, administrators, heirs, successors and assigns of Recipient. Any attempt to Transfer of any of the Restricted Stock Units prior to the date on which the Shares have been
delivered in settlement of the Restricted Stock Units shall be void ab initio. For purposes of this Agreement, “Transfer” shall mean any sale, transfer, encumbrance, margin transaction, gift, donation, assignment, pledge, hypothecation, or
other disposition, whether similar or dissimilar to those previously enumerated, whether voluntary or involuntary, and including, but not limited to, any disposition by operation of law, by court order, by judicial process, or by foreclosure, levy
or attachment. 
 7. Tax Matters. 

(a) Withholding. As a condition to the Company’s obligations with respect to the Restricted Stock Units (including, without
limitation, any obligation to deliver any Shares) hereunder, Recipient shall make arrangements satisfactory to the Company to pay to the Company any federal, state, local or 

  
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foreign taxes of any kind required to be withheld with respect to the delivery of Shares corresponding to such Restricted Stock Units. If Recipient shall fail to make the tax payments as are
required, the Company shall, to the extent permitted by law, have the right to deduct from any payment of any kind (including the withholding of any Shares that otherwise would be delivered to Recipient under this Agreement) otherwise due to
Recipient any federal, state, local or foreign taxes of any kind required by law to be withheld with respect to such Shares. 
 (b)
Satisfaction of Withholding Requirements. Recipient may satisfy the withholding requirements with respect to the Restricted Stock Units pursuant to any one or combination of the following methods: 

(i) payment in cash; or 
 (ii)
if and to the extent permitted by the Committee, payment by surrendering unrestricted previously held Shares which have a value equal to the required withholding amount or the withholding of Shares that otherwise would be deliverable to Recipient
pursuant to this Agreement. Recipient may surrender Shares either by attestation or by delivery of a certificate or certificates for Shares duly endorsed for transfer to the Company, and if required with medallion level signature guarantee by a
member firm of a national stock exchange, by a national or state bank (or guaranteed or notarized in such other manner as the Committee may require). 

(c) Recipient’s Responsibilities for Tax Consequences. The tax consequences to Recipient (including without limitation federal,
state, local and foreign income tax consequences) with respect to the Restricted Stock Units (including without limitation any tax consequences resulting from the grant, vesting and/or delivery thereof) are the sole responsibility of Recipient.
Recipient shall consult with his or her own personal accountant(s) and/or tax advisor(s) regarding these matters and Recipient’s filing, withholding and payment (or tax liability) obligations. 

8. Amendment or Modification. This Agreement may only be modified or amended in a writing signed by the parties hereto. No promises,
assurances, commitments, agreements, undertakings or representations, whether oral, written, electronic or otherwise, and whether express or implied, with respect to the subject matter hereof, have been made by either party which are not set forth
expressly in this Agreement. 
 9. Miscellaneous. 

(a) Entire Agreement; Governing Law. The Plan is incorporated herein by reference. The Plan, the Employment Agreement and this
Restricted Stock Unit Agreement constitute the entire agreement of the parties with respect to the subject matter hereof and supersede in their entirety all prior undertakings and agreements of the Company and Recipient with respect to the subject
matter hereof. Notwithstanding the foregoing, this Agreement is intended to supersede any provisions of the Employment Agreement pertaining to the vesting and settlement of equity awards granted to Recipient that are contrary to the provisions of
this Agreement. This Agreement may not be modified adversely to Recipient’s interest except by means of a writing signed by the Company and Recipient. This Agreement is governed by the internal substantive laws but not the choice of law rules
of the State of Delaware. 
 (b) No Guarantee of Continued Service. RECIPIENT ACKNOWLEDGES
AND AGREES THAT THE VESTING OF RESTRICTED STOCK UNITS PURSUANT TO THE
VESTING SCHEDULE HEREOF IS EARNED ONLY BY CONTINUING AS AN EMPLOYEE,
CONSULTANT OR DIRECTOR (NOT THROUGH THE ACT OF BEING HIRED, BEING
GRANTED THESE RESTRICTED STOCK UNITS OR ACQUIRING SHARES HEREUNDER) AND SATISFACTION
OF THE PERFORMANCE GOALS SET FORTH HEREIN. RECIPIENT FURTHER ACKNOWLEDGES AND
AGREES THAT THIS AGREEMENT, THE TRANSACTIONS CONTEMPLATED HEREUNDER AND THE VESTING
SCHEDULE SET FORTH HEREIN DO NOT CONSTITUTE AN EXPRESS OR IMPLIED
PROMISE OF CONTINUED ENGAGEMENT AS AN EMPLOYEE, CONSULTANT OR DIRECTOR FOR
THE VESTING PERIOD, FOR 

  
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ANY PERIOD, OR AT ALL, AND SHALL NOT INTERFERE
IN ANY WAY WITH RECIPIENT’S RIGHT OR THE COMPANY’S RIGHT
TO TERMINATE RECIPIENT’S RELATIONSHIP AS AN EMPLOYEE, CONSULTANT OR DIRECTOR,
AS APPLICABLE, AT ANY TIME, WITH OR WITHOUT CAUSE. 

(c) No Trust or Fund Created. Neither this Agreement nor the grant of Restricted Stock Units hereunder shall create or be construed to
create a trust or separate fund of any kind or a fiduciary relationship between the Company and Recipient or any other person. To the extent that Recipient or any other person acquires a right to receive payments from the Company pursuant to this
Agreement, such right shall be no greater than the right of any unsecured general creditor of the Company. 
 (d) Interpretation.
Recipient acknowledges receipt of a copy of the Plan and represents that he or she is familiar with the terms and provisions thereof, and hereby accepts this grant of Restricted Stock Units subject to all of the terms and provisions thereof.
Recipient has reviewed the Plan and this Agreement in their entirety, has had an opportunity to obtain the advice of counsel prior to executing this Agreement and fully understands all provisions of this Agreement. Recipient hereby agrees to accept
as binding, conclusive and final all decisions or interpretations of the Plan Administrator upon any questions arising under the Plan or this Agreement. Recipient further agrees to notify the Company under any change in the residence address
indicated below. 
 (e) Notices. Any notice under this Agreement shall be in writing and shall be deemed to have been duly given when
delivered personally or when deposited in the United States mail, registered, postage prepaid, and addressed, in the case of the Company, to the Company’s President at its principal office and, in the case of Recipient, to Recipient’s last
permanent address as shown on the Company’s records, subject to the right of either party to designate some other address at any time hereafter in a notice satisfying the requirements of this Section. 

(f) Severability. If any term or provision of this Agreement is or becomes or is deemed to be invalid, illegal or unenforceable in any
jurisdiction or under any applicable law, rule or regulation, then such provision shall be construed or deemed amended to conform to applicable law (or if such provision cannot be so construed or deemed amended without materially altering the
purpose or intent of this Agreement and the grant of Restricted Stock Units hereunder, such provision shall be stricken as to such jurisdiction and the remainder of this Agreement and the award hereunder shall remain in full force and effect). 

(g) Headings. Section, paragraph and other headings and captions are provided solely as a convenience to facilitate reference. Such
headings and captions shall not be deemed in any way material or relevant to the construction, meaning or interpretation of this Agreement or any term or provision hereof. 

(h) Non-Waiver of Breach. The waiver by any party hereto of the other party’s prompt and complete performance, or breach or
violation, of any term or provision of this Agreement shall be effected solely in a writing signed by such party, and shall not operate nor be construed as a waiver of any subsequent breach or violation, and the waiver by any party hereto to
exercise any right or remedy which he or it may possess shall not operate nor be construed as the waiver of such right or remedy by such party, or as a bar to the exercise of such right or remedy by such party, upon the occurrence of any subsequent
breach or violation. 
 (j) Section 409A 

(i) General. It is the intention of both the Company and Recipient that the benefits and rights to which Recipient could be entitled
pursuant to this Agreement are exempt from Section 409A of the Code and the Treasury Regulations and other guidance promulgated or issued thereunder (“Section 409A”), and the provisions of this Agreement shall be construed in a manner
consistent with that intention. If Recipient or the Company believes, at any time, that any such benefit or right that is subject 

  
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to Section 409A does not so comply, it shall promptly advise the other and shall negotiate reasonably and in good faith to amend the terms of such benefits and rights such that they comply
with Section 409A (with the most limited possible economic effect on Recipient and on the Company). 
 (ii) No Representations as
to Section 409A Compliance. Notwithstanding the foregoing, the Company does not make any representation to Recipient that the Restricted Stock Units awarded pursuant to this Agreement are exempt from, or satisfy, the requirements of
Section 409A, and the Company shall have no liability or other obligation to indemnify or hold harmless Recipient or any Beneficiary for any tax, additional tax, interest or penalties that Recipient or any Beneficiary may incur in the event
that any provision of this Agreement, or any amendment or modification thereof or any other action taken with respect thereto is deemed to violate any of the requirements of Section 409A. 

(iii) No Acceleration of Payments. Neither the Company nor Recipient, individually or in combination, may accelerate any payment or
benefit that is subject to Section 409A, except in compliance with Section 409A and the provisions of this Agreement, and no amount that is subject to Section 409A shall be paid prior to the earliest date on which it may be paid
without violating Section 409A. 
 (iv) Treatment of Each Installment as a Separate Payment. For purposes of applying the
provisions of Section 409A to this Agreement, each separately identified amount to which Recipient is entitled under this Agreement shall be treated as a separate payment. In addition, to the extent permissible under Section 409A, any
series of installment payments under this Agreement shall be treated as a right to a series of separate payments. 
 (v) Distribution to
Specified Employees. If and only to the extent that the Restricted Stock Units are deemed to be deferred compensation subject to Section 409A, then notwithstanding Section 4 of the Agreement to the contrary, if Recipient is a Specified
Employee, then no distributions otherwise required to be made under this Agreement on account of Recipient’s Separation from Service shall be made before the date that is six (6) months after the date of Recipient’s Separation from
Service or, if earlier, the date of Recipient’s death if such deferral is required to comply with Section 409A of the Code. 

(vi) Delivery of Shares. If and only to the extent that the Restricted Stock Units are deemed to be deferred compensation subject to
Section 409A, then notwithstanding Section 4 of the Agreement to the contrary, the delivery of Shares corresponding to Restricted Stock Units that became Vested RSUs shall be made only upon (A) Recipient’s “separation from
service”, (B) a “specified time (or pursuant to a fixed schedule)” specified in this Agreement at the date of the deferral of such compensation, or (C) a “change in the ownership or effective control of the corporation,
or in the ownership of a substantial portion of the assets” of the Company. For purposes of the foregoing, the terms in quotations shall have the same meanings as those terms have for purposes of Section 409A, and the limitations set forth
herein shall be applied in such manner (and only to the extent) as shall be necessary to comply with any requirements of Section 409A that are applicable to the Restricted Stock Units. 

(k) Counterparts. This Agreement may be executed in two or more separate counterparts, each of which shall be an original, and all of
which together shall constitute one and the same agreement. 
 (l) Clawback of Benefits. The Company may (i) cause the
cancellation of the Restricted Stock Units, (ii) require reimbursement of any Shares delivered or other benefit conferred under this Agreement to Recipient or Beneficiary, and (iii) effect any other right of recoupment of any Shares or
other compensation provided under this Agreement in accordance with any Company policies that currently exist or that may from time to time be adopted or modified in the future by the Company and/or applicable law (each, a “Clawback
Policy”). By accepting this Award, Recipient agrees to be bound by any existing or future Clawback Policy adopted by the Company, or any amendments that may from time to time be made to the Clawback Policy in the future by the Company in its
discretion (including without limitation any Clawback Policy adopted or amended to comply with applicable laws or stock exchange requirements) and further agrees that this Agreement may be unilaterally amended by the Company, without
Recipient’s consent, to the extent that the Company in its discretion determines to be necessary or appropriate to comply with any Clawback Policy. 

  
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	RECIPIENT	 		 	VOCUS, INC.
			
	  
	 		 	  

	Signature	 		 	Signature
			
	  
	 		 	  

	Printed Name	 		 	Printed Name/Title

  
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 EXHIBIT A 

Vesting Provisions 
  

	1.	Measurement Period. The period beginning on [            ] and ending on [            ] (the
“Measurement Period”). 

  

	2.	Performance Criteria. 

  

	 	a.	The performance criteria used to determine the number of Earned Restricted Stock Units (as defined below) shall be based on the Revenue and Operating Income realized by the Company during the Measurement Period.

  

	 	b.	After the end of the Measurement Period and before the delivery of any Shares pursuant to this Agreement, the Committee shall certify, by resolution or other appropriate action in writing, that the performance criteria
and any other material terms previously established by the Committee or set forth in the Plan or this Agreement, have been satisfied to the extent necessary to qualify the settlement of the Restricted Stock Units as “performance based
compensation” under Section 162(m) of the Code. 

  

	 	c.	The Committee is authorized to make adjustments in the terms and conditions of, and the criteria included in, the Restricted Stock Unit Award in recognition of unusual or nonrecurring events (including, without
limitation, acquisitions and dispositions of businesses and assets) affecting the Company, any Related Entity or any business unit, or the financial statements of the Company or any Related Entity, or in response to changes in applicable laws,
regulations, accounting principles, tax rates and regulations. Adjustments permitted hereby may include, without limitation, increasing performance goals, or other adjustments that may be adverse to Recipient. Notwithstanding the foregoing, no
adjustments may be made with respect to the Restricted Stock Unit Award if Recipient is designated by the Committee as a Covered Employee and the Restricted Stock Unit Award is intended to qualify as “performance-based compensation” under
Code Section 162(m) and the regulations thereunder, if and to the extent that such adjustment would cause the Restricted Stock Unit Award to fail to qualify as “performance-based compensation” under Section 162(m) of the Code.

  

	3.	Target Performance Goals. The target performance goals for each performance criteria shall be as follows: 

  

	 	a.	Revenue: $[            ] (the “Revenue Target Goal”) 

	 	b.	Operating Income: $ [            ] (the “Operating Income Target Goal”) 

 

	4.	Restricted Stock Units Earned During the Measurement Period. The actual number of Restricted Stock Units earned during the Measurement Period shall be the sum of (i) the Revenue Target Award multiplied by
the Revenue Payment Percentage, and (ii) the Operating Income Target Award multiplied by the Operating Income Payment Percentage (the sum of the foregoing shall be referred to as the “Earned Restricted Stock Units”).

  

	5.	General Vesting. The Earned Restricted Stock Units shall become vested in the following amounts, at the following times and upon the following conditions, provided that the Continuous Service of Recipient
continues through and on the applicable Vesting Date: 

  

					
	 Amount of Earned Restricted Stock Units

that Become Vested RSUs
	  	Vesting Date	 
	 1/3
	  	 	[            	] 
	 1/3
	  	 	[            	] 
	 1/3
	  	 	[            	] 

  
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 Except as otherwise provided in this Exhibit A or Section 3 of the Agreement, there
shall be no proportionate or partial vesting of the Earned Restricted Stock Units in or during the months, days or periods prior to each Vesting Date, and all vesting of the Earned Restricted Stock Units shall occur only on the applicable Vesting
Date. Upon the termination or cessation of Recipient’s Continuous Service, for any reason whatsoever, any portion of the Restricted Stock Units that have not vested, and that do not then and will not thereafter become vested pursuant to this
Exhibit A, shall automatically and without notice terminate, be forfeited and be and become null and void. Any Restricted Stock Units subject to the Agreement that do not become Earned Restricted Stock Units shall automatically and without
notice terminate, be forfeited and be and become null and void as of the last day of the Measurement Period. 
  

	6.	Corporate Transactions. Notwithstanding any other term or provision of the Agreement or this Exhibit A, in the event of any merger, consolidation or other reorganization in which the Company does not
survive, or in the event of any Change in Control, the Restricted Stock Units may be dealt with in accordance with any of the following approaches, as determined by the agreement effectuating the transaction or, if and to the extent not so
determined, as determined by the Plan Administrator: (a) the continuation of the grant of the Restricted Stock Units by the Company, if the Company is a surviving corporation, subject to the terms and conditions set forth herein, (b) the
assumption or substitution for, as those terms are defined in the Plan, the Restricted Stock Units by the surviving corporation or its parent or subsidiary, (c) full vesting and settlement of the Restricted Stock Units, or (d) as otherwise
determined by the Plan Administrator. 

  

	7.	Acceleration of Vesting Upon a Change in Control. 

  

	 	a.	If, during the period that begins 90 days prior to the effective date of a Change in Control and ends on the six month anniversary of the effective date of the Change in Control, the Company terminates Recipient’s
Continuous Service without Cause (other than as a result of Recipient’s death or disability) or Recipient terminates his or her Continuous Service for Good Reason, and the later of the effective date of the Change in Control or such termination
of Continuous Service occurs on or before the last day of the Measurement Period, then the Target Award shall become fully vested upon the later of the effective date of the Change in Control or termination of Recipient’s Continuous Service.

  

	 	b.	If, during the period that begins 90 days prior to the effective date of a Change in Control and ends on the six month anniversary of the effective date of the Change in Control, the Company terminates Recipient’s
Continuous Service without Cause (other than as a result of Recipient’s death or disability) or Recipient terminates his or her Continuous Service for Good Reason, and the later of the effective date of the Change in Control or such termination
of Continuous Service occurs after the date on which the Measurement Period ends, then the Earned Restricted Stock Units that have not previously been forfeited shall become fully vested upon the later of the effective date of the Change in Control
or termination of Recipient’s Continuous Service. 

  

	8.	 Acceleration of Vesting Upon Termination Without Cause or for Good Reason. If the Company terminates Recipient’s Continuous Service
without Cause (other than as a result of Recipient’s death or disability) or Recipient resigns for Good Reason, any Restricted Stock Units that are Non-Vested RSUs at the time of the termination of Recipient’s Continuous Service shall
continue 

  
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to vest in accordance with the vesting schedule set forth herein until the last day of the Severance Period set forth in the Employment Agreement as though Recipient were to continue to be
employed by the Company during such period; provided, however, that if the last day of the Severance Period is after the March 15 immediately following the calendar year in which the termination of Recipient’s Continuous Service occurs
(the “March 15 Deadline”), any Earned Restricted Stock Units that would have become Vested RSUs pursuant to this paragraph 8 of this Exhibit A after the March 15 Deadline and on or before the last day of the Severance Period,
shall become Vested RSUs on the March 15 Deadline. The portion of the Non-Vested RSUs that would not vest on or before the last day of the Severance Period automatically and without notice shall terminate, be forfeited and be and become null
and void at the time of termination of Recipient’s Continuous Service. 

  

	9.	Employment Agreement. The vesting rights provided under this Exhibit A shall be subject to such additional requirements, including without limitation the execution of a release by Recipient, as shall be
provided under the Employment Agreement. 

  

	10.	Definitions. 

  

	 	a.	“Change in Control” shall have the meaning given to such term in the Employment Agreement. 

  

	 	b.	“Government Relations” shall mean the Company’s products for the management of relationships with government individuals and entities. 

 

	 	c.	“iContact Ecommerce” shall mean the Company’s stand-alone email marketing subscriptions or purchases made using the iContact web site. 

 

	 	d.	“North Social Ecommerce” shall mean the Company’s stand-alone Facebook application software subscription or purchases made using the North Social web site. 

 

	 	e.	“Operating Income” shall mean the Company’s non-GAAP consolidated income from operations as reported in the Company’s earnings release for the Measurement Period. 

 

	 	f.	“Operating Income Payment Percentage” shall mean the percentage determined by straight line interpolation as determined according to the following formula: 

 

			
	 Percentage of Operating Income Target Goal

Attained During the Measurement Period
	  	Operating Income Payment Percentage
	 85% or less
	  	0%
	 90%
	  	50%
	 100%
	  	100%
	 110%
	  	150%
	 115% or more
	  	200%

  

	 	g.	“Operating Income Target Award” shall mean Recipient’s target number of Restricted Stock Units that may be earned based on the Operating Income earned during the Measurement Period, as reflected in
the Notice of Grant. 

  

	 	h.	“PRWeb Ecommerce” shall mean the Company’s stand-alone press release distribution subscriptions or purchases made using the PRWeb web site. 

 

	 	i.	“Revenue” shall mean the Company’s Non-GAAP consolidated revenues as reported in the Company’s earnings release for the Measurement Period, but excluding revenues from the following business
units of the Company: PRWeb Ecommerce, Government Relations, iContact Ecommerce and North Social Ecommerce. 

  
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	 	j.	“Revenue Payment Percentage” shall mean the percentage determined by straight line interpolation as determined according to the following formula: 

 

			
	 Percentage of Revenue Target Goal Attained

During the Measurement Period
	  	Revenue Payment Percentage
	 85% or less
	  	0%
	 90%
	  	50%
	 100%
	  	100%
	 110%
	  	150%
	 115% or more
	  	200%

  

	 	k.	“Revenue Target Award” shall mean Recipient’s target number of Restricted Stock Units that may be earned based on the Revenue earned during the Measurement Period, as reflected in the Notice of
Grant. 

  

	 	l.	“Target Award” shall mean the sum of the Revenue Target Award and the Operating Income Target Award, as reflected in the Notice of Grant. 

  
 - 11 -EX-10.8

 Exhibit 10.8 

 

					
	 May 22, 2013
  

 
	 	

	 	 REVISED
  

 

 Ashley Gould 

[HOME ADDRESS] 
 Re: Offer of Employment

 Dear Ashley: 

Hyperion Therapeutics, Inc. (the “Company”) is pleased to extend this offer of employment to you on the terms and conditions
set forth below. 
 1. Position and Duties. Your initial job title with the Company will be Senior Vice President,
Governmental Affairs and Chief Legal Officer, reporting to the Company’s Chief Executive Officer. Your employment status with the Company will be that of a regular, full-time, exempt employee. Your responsibilities will include all duties
customarily associated with your position, as well as any additional duties assigned to you by your supervisor or the Company. The Company may modify your job title, work location, duties, and responsibilities from time to time as it deems
necessary. 
 2. Start Date. If you choose to accept this offer, your employment with the Company will begin no later
than July 15, 2013 subject to the contingencies and requirements set forth in this letter. You should not take any significant steps, such as relocating or quitting your current job, until you have accepted this offer by returning to us a
signed copy of this letter, the Employee Confidential Information and Inventions Assignment Agreement, and the Consent to Conduct background Investigation. 
 3. Compensation. 
 a. Base Salary. Your starting annual base salary
will be Three hundred forty six thousand dollars ($346,000.00), payable in accordance with the Company’s normal payroll procedures. Your salary normally will be reviewed annually, and may be increased or decreased in connection with any such
review. 
 b. Signing Bonus. Subject to the terms and conditions stated in this Paragraph, you will be eligible to earn
a one-time “sign-on bonus” in the amount of Thirty six thousand dollars ($36,000.00). The sign-on bonus will be paid to you in advance, within 30 days from the start of your employment. You will fully earn the sign-on bonus by remaining
actively employed by the Company for a period of two (2) years, 

  
 601 Gateway
Blvd, Suite 200 • South San Francisco, CA 94080 

 
at the rate of fifty percent (50%) of the bonus amount for each full year of service completed. You agree and understand that if you choose to terminate your employment at any time before
the first anniversary of your start date, you will be required to repay to the Company one hundred percent (100%) of the sign-on bonus advanced to you. You further understand and agree that if you terminate your employment after one year of
employment but before the second anniversary of your start date, you will be required to repay fifty percent (50%) of the sign-on bonus advanced to you. 
 c. Incentive Bonus Program. You will be eligible to earn an annual incentive bonus (the “Incentive Bonus”) in an amount equal to Forty per cent (40%) of your annual base salary. The
Incentive Bonus, if any, will be awarded and based upon Company and individual performance in each fiscal year, using criteria that will be established annually. The Incentive Bonus will be computed and paid to you typically within 90 days from the
later of the end of the Company’s fiscal year or the completion of the Company’s audited financial statements for that fiscal year. You will not earn or otherwise be entitled to an Incentive Bonus for any fiscal year in which your
employment has been terminated by the Company for any reason or in which you resigned before the bonus payment date for that fiscal year. All decisions regarding the Incentive Bonus, including but not limited to whether an Incentive Bonus will be
awarded, will be made by the Company in its sole discretion and shall not be subject to appeal or review. In your first year of employment, if you are hired before October 1, any Incentive Bonus for the fiscal year in which your employment
begins will be prorated, based on the number of days you are employed by the Company during that fiscal year. If your employment with the Company begins on or after October 1, you will not be eligible to earn an Incentive Bonus until the
following fiscal year (the fiscal year that begins after your hire date). 
 d. Withholding. The Company shall withhold
federal, state and local income, employment or other taxes as required by applicable law from all compensation or benefits paid to you in connection with your employment. You understand that the Company does not have a duty to design its
compensation policies in a manner that minimizes your tax liabilities, and you agree that you will not make any claim against the Company or its Board of Directors related to tax liabilities arising from your employment arrangement and/or
compensation 
 4. Equity. Subject to the approval of the Company’s Chief Executive Officer, if you are offered
full-time employment, you will be eligible to receive a grant of stock options to purchase up to Eighty-four thousand (84,000) shares of the Company’s Common Stock (the “Equity Grant”) on the terms and conditions stated in this
Paragraph and the 2012 Omnibus Incentive Plan. The grant, exercise, forfeiture and other terms and conditions of the stock options shall be governed by and subject to the Company’s 2012 Omnibus Incentive Plan. The per share purchase price for
the Equity Grant will be the fair market value of the shares as determined by the closing price of Hyperion common stock on the date of grant. The date of the grant will be the business day on which the Company’s Chief Executive Officer
approves the Equity Grant. The Equity Grant will vest according to the following schedule: (i) twenty-five percent (25%) of the options shall vest on the first anniversary date of your active, full-time employment with the Company and
(ii) the remaining seventy-five percent (75%) of 

 
the options shall vest in equal monthly installments over the next thirty-six (36) months of continuous full-time service, as described in the applicable equity benefit plan. You also may be
eligible to receive additional stock options to be granted from time to time at the sole discretion of the Board of Directors and subject to the terms and conditions of the Company’s 2012 Omnibus Incentive plan. 

5. Employee Benefits. If you are offered full time employment, you will be eligible to participate in Company-sponsored medical,
retirement and other benefits as approved by the Board of Directors and as offered by the Company. A description of the currently available benefits is enclosed with this letter. 

6. Paid Leave and Holidays. You will be eligible to earn up to fifteen (15) days of paid vacation each year, in accordance
with the Company’s vacation policy, accrued on a per pay period basis. Accrued but unused vacation may be carried over from year to year, and will be paid to you at your base rate of pay upon termination of employment. Once you have accrued
twenty-two and a half (22.5) days of vacation, all further vacation accruals shall cease until your unused, accrued balance drops below the twenty-two and a half (22.5) day maximum accrual cap, at which point vacation will begin to accrue
again until the cap is reached. You also will be eligible to earn nine (9) days of paid sick leave each full year of employment. Unused sick leave will not be paid out upon termination of employment, may not be carried over from year to year,
and will be forfeited if not used. Your eligibility and entitlement to paid leave benefits will be governed by the terms and conditions of the applicable benefit plans or policies, which are subject to change or discontinuation at any time.

 7. Employee Confidential Information and Inventions Assignment Agreement. As a condition of your employment, you must
enter into an Employee Confidential Information and Inventions Assignment Agreement, a copy of which is enclosed with this letter. During your employment with the Company, you will be expected to devote your full energy and efforts to your work for
the Company and its business activities. Any outside work that conflicts with this obligation may create an inappropriate conflict of interest that may subject you to disciplinary action, up to and including the termination of your employment. If
you have outside employment, you should disclose it to us before accepting this offer so that we may evaluate whether your other employment presents a conflict of interest with the position we are offering you. 

8. Pre-Employment Screening. Your employment with the Company is contingent upon your successful completion of a background check.
A consent form authorizing the Company to conduct a background check is enclosed with this letter. 
 9. Employment
Verification. This offer of employment is made subject to you having the legal right to work in the United States. The Company is required by federal law to document that each new employee (both citizen and non-citizen)

 
is legally authorized to work. Therefore, all employees must complete a Form I-9 and provide proof of their identity and eligibility to work in the United States within three (3) business
days from their start date. The types of documents that can be used to establish identity and employment eligibility are listed on the Form I-9. 
 10. Company Policies. Your employment with the Company is subject to all Company policies and procedures, and the Company retains the right to change its policies or procedures at any time. You are
required to read and remain familiar with the Company’s Employee Handbook. Following receipt of the Company’s Employee Handbook, you must acknowledge that you have read and understood the Employee Handbook by signing and returning the
acknowledgment form. 
 11. “At Will” Employment. Your employment with the Company is and shall at all times be
at will, meaning that your employment is not guaranteed for any specified period, and either the Company or you may terminate your employment at any time for any reason, with or without cause, and with or without advance notice. The at-will nature
of your employment cannot be changed except through a writing signed by both you and the chair of the Company’s Board of Directors. 
 12. No Other Promises. No commitments affecting the terms of your employment or altering your at-will employment status are binding on the Company unless contained in a writing signed by both you
and the chair of the Company’s Board of Directors. You also acknowledge that this offer is intended as written, and that no marginal notations or other revisions to this offer letter, or the enclosed Employee Confidential Information and
Inventions Assignment Agreement are binding on the Company unless expressly consented to in writing by the chair of the Company’s Board of Directors. You acknowledge that in deciding to accept this offer of employment, you have not relied on
any promises, commitments, statements or representations, whether spoken or in writing, made to you by any Company representative, except for what is expressly stated in this letter and in the Employee Confidential Information and Inventions
Assignment Agreement. This offer letter replaces and cancels all previous agreements, commitments, and understandings, whether spoken or written, that the Company may have made in connection with your anticipated employment. 

13. Other Terms. The Company’s failure to strictly enforce any term, or any breach, of this offer letter shall not waive any
of its rights subsequently to strictly enforce that or any other term or breach of this offer letter. Each provision of this offer letter is severable, and a finding that a term of this offer letter is invalid, contrary to, or in conflict with, any
law or regulation shall not affect the remainder of the offer letter. This offer letter shall be construed, governed by and enforced in accordance with the laws of the State of California, without regard to its conflicts of law principles.

 * * * * * 

 Ashley, I look forward to you joining Hyperion Therapeutics. If you have any questions or require additional
information, please feel free to contact me. Please confirm your acceptance of this offer by signing this offer letter, the Employee Confidential Information and Inventions Assignment Agreement, and the background investigation consent form, and
returning the signed documents to Barbara Poole in Human Resources by no later than the close of business on June 28, 2013. 
  

			
	Very truly yours,
	
	HYPERION THERAPEUTICS, INC.
		
	By:	 	 /s/ Donald J. Santel

		 	  

		
		 	Donald J. Santel, CEO

 I have read and understand the terms and conditions of at-will employment stated in this offer letter, and I accept
employment with Hyperion Therapeutics, Inc. upon those terms and conditions: 
  

			
	 /s/ Ashley Gould

	  

	Signature of Ashley Gould
		
	Dated:	 	5/23/13

 Enclosures: 
 Employee Confidential Information and Inventions Assignment Agreement 
 Summary of
Employee Benefits

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