Document:

Exhibit 10.9

 

[VOEX Letterhead]

 

August 21, 2007

 

Mr. Phillip E. Bronsdon

 

Re:          VoEX Employment Offer

 

Dear Phillip,

 

We are pleased to confirm an offer of employment with VoEX, Inc. for the position of Vice President of Operations.  You will be responsible for planning, implementing and directing all initiatives, policies, and objectives associated with VoEx’s network and operational infrastructure.  In addition you will be responsible for managing the network operations department budget, headcount, and attaining short term and long term operational efficiencies and enhanced network capabilities to ensure future growth.  Specific position assignments and goals will be defined during your first 30 days of employment.

 

Your start date will be on or before Tuesday, September 4, 2007.  You will report to the COO, Brent Bourne, and maintain your day-to-day business operations from the Broomfield, CO office located at 320 Interlocken Parkway.  All reasonable, normal business, travel, office and entertainment expenses will be reimbursed as per the VoEX travel policy.

 

Below is our offer of employment:

 

A] Base Compensation: Upon your start date with VoEX, will be compensated at a rate of $14,583.33 per month, $175,000 annually, less applicable withholding.

 

Additional compensation will include:

 

B] Annual Performance Bonus:  You will be eligible for an annual end of year performance bonus of up to 50% of your base annual salary at the time such bonus is declared. For calendar year 2007, such bonus amount will be prorated from your date of hire through December 31, 2007 and be based equally on: a) achievement of TBD individual performance goals to be mutually agreed upon during the first 30 days of your employment, and b) overall Company achievement as determined by the Company’s Board of Directors.

 

C] Equity:  On your start date, you will granted non-qualified stock options for 100,000 shares of VoEx, Inc. common stock at a strike price equal to the then fair market value of VoEX, Inc. common shares with a 7-year expiration.  Immediately upon completion of twelve (12) months continuous employment with VoEx, 25% of such options will

 

VOEX, Inc., 950 Tower Lane, Suite 450, Foster City, CA 94404

 

 

become vested.  Beginning with the thirteenth (13th) month of continuous employment and for each subsequent month of continuous employment with VoEx, Inc., one forty-eighth (1/48th) of the Option will become vested.  On the fourth anniversary of your start date, 100% of such options will be fully vested.  Such grant is subject to approval by the Board of Directors of VoEX at their sole discretion.

 

This Grant of non-qualified common stock options in VoEX, Inc. will be issued only with full VoEX board approval and subject to the following contingencies:

 

If at any time your employment is terminated for any reason by either VoEX, Inc. or yourself, you forfeit all rights to any unvested options, and the expiration date of any vested options will accelerate to 90 days after such termination date.  The VoEX, Inc. standard employee stock option agreement will be provided to you and executed.

 

D] Additional Benefits:  You will be entitled to three weeks paid vacation per year and participation in VoEX, Inc.’s healthcare, dental, vision and life insurance plans.

 

At Will Employment: Your employment with VoEX, Inc. is at “at-will” and is subsequently subject to at-will employment laws in effect in the state of Colorado.

 

Non-Disclosure, Invention Assignment, Non-Competition, and Non-Solicitation Agreement.  Your employment with VoEX is subject to your execution of the standard VoEX Non-Disclosure, Invention Assignment, Non-Competition, and Non-Solicitation Agreement.

 

If this agreement accurately reflects our understanding and you are in agreement with terms and conditions of this agreement, please so indicate by signing and returning the enclosed copy of this agreement.

 

Our offer expires at 5pm EDT on Wednesday, August 22, 2007.

 

Sincerely,

 

	
/s/ Ken   Stemson
    	
 
    
	
 
    	
 
    
	
Ken   Stempson
    	
 
    
	
Director   of Human Resources
    	
 
    
	
 
    	
 
    
	
 
    	
Agreed   and effective the 22nd day of August, 2007
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
/s/   Phillip Bronsdon
    	
 
    
	
 
    	
Phillip   BronsdonExhibit 10.10

 

 

January 11, 2011

 

Ray Smets

 

 

Re:  IntelePeer, Inc. Board of Directors

 

Dear Ray,

 

It is my pleasure to offer you a position as an Independent Director of the IntelePeer Board of Directors which will take effect upon approval of the Board at the Company’s next board meeting.

 

As an Independent Director you will have the same general responsibilities to the Company as any other Director which include:

 

1.               Providing entrepreneurial leadership of the Company within the framework of prudent and effective controls which enables risk to be assessed and managed.

 

2.               Setting the company’s strategic aims and ensuring that the necessary financial and human resources are in place for the Company to meet its objectives.

 

3.               Reviewing management performance.

 

4.               Setting the Company’s values and standards and ensuring that its obligations to its shareholders and others are understood and met.

 

In return for your service as a Director, you will receive the following compensation:

 

1.               Stock Option Grant for 100,000 shares of the Company’s common stock

 

a.               Subject to appointment to the Board and to Board approval, the Director will be granted a non-qualified option to purchase 100,000 shares of the Company’s common stock (the “Option”) under the Company’s Stock Plan (the “Plan”), as amended from time to time, at an exercise price per share equal to the fair market value of one share of the Company’s common stock on the date of the grant as determined by the Board.  The Option will be subject to the terms and conditions of the Plan and the standard stock option agreement provided pursuant to the Plan, which the Director will be required to sign as a condition of receiving the Option.

 

i.      Vesting:  The Option will vest over a four-year period from the effective date of the Agreement.  Immediately upon completion of twelve (12) months of continuous service on the Board, 25% of such Option will become vested.  Beginning with the thirteenth (13th) month of continuous service and for each subsequent month of continuous service on the Board, one forty-eighth (1/48th) of the Option will become vested.  On the fourth anniversary of the effective date, 100% of such Option will be fully vested.

 

ii.   Acceleration:  If during the term of your service, there occurs a Change of Control (as defined in the Stock Option Agreement) then 100% of the then unvested common shares subject to this Option shall then vest and become immediately exercisable.

 

IntelePeer, Inc.,  2855 Campus Drive, Suite 200, San Mateo, CA 94403  USA

Tel: 650.525.9200       Fax: 650.287.2628       Web: www.intelepeer.com

 

 

2.               $25,000 Annual Cash Retainer

 

a.               Paid quarterly in advance

 

3.               Reimbursement of Expenses

 

a.               The Company will reimburse all reasonable travel, lodging and out-of-pocket expenses incurred by the Director in connection with service on the Board and related activities.

 

The Company’s Board of Directors will meet in person approximately four (4) times per year in San Mateo, CA on the 1st month of each quarter and meet four (4) per year via teleconference on the 3rd month of each quarter.  Upon going public, the Board will meet four (4) times per year in person.

 

You will be elected for an initial one (1) year term and throughout your tenure as a Director, you will have the opportunity to become party to the Company’s Indemnification Agreement and D & O Liability Coverage for executive officers and directors.

 

We are excited at the prospect of having you join IntelePeer, Inc.’s Board of Directors and believe that your extensive experience will bring great value in the role of Independent Director.

 

	
Sincerely,
    	
 
    
	
 
    	
 
    
	
/s/   Frank Fawzi
    	
 
    
	
 
    	
 
    
	
Frank   Fawzi
    	
 
    
	
Chairman &   CEO
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
Accepted   by:
    	
 
    
	
 
    	
 
    
	
/s/   Ray Smets
    	
 
    
	
 
    	
 
    
	
Ray   Smets / January 14, 2011Exhibit 10.11

 

 

January 26, 2011

 

Larry Irving

 

 

Re:  IntelePeer, Inc. Board of Directors

 

Dear Larry,

 

It is my pleasure to offer you a position as an Independent Director of the IntelePeer Board of Directors with appointment as the Chairman of the Audit Committee which will take effect upon approval of the Board at the Company’s next board meeting.

 

As an Independent Director you will have the same general responsibilities to the Company as any other Director which include:

 

1.               Providing entrepreneurial leadership of the Company within the framework of prudent and effective controls which enable risk to be assessed and managed.

2.               Setting the company’s strategic aims and ensuring that the necessary financial and human resources are in place for the Company to meet its objectives.

3.               Reviewing management performance.

4.               Setting the Company’s values and standards and ensuring that its obligations to its shareholders and others are understood and met.

 

In the role of Chairman of the Audit Committee, you will be responsible for creating the Audit Committee’s Charter and providing leadership to the Committee in fulfilling its duties and responsibilities, creating and managing effective working relationships among the Committee members, management and external auditors.  Key Audit Committee duties and responsibilities include:

 

1.               Overseeing the financial reporting and disclosure process.

2.               Monitoring the choice of accounting policies and principles.

3.               Overseeing the hiring, performance and independence of external auditors.

4.               Monitoring the internal control process.

5.               Discussing risk management policies and practices with management.

 

In return for your service as a Director, you will receive the following compensation:

 

1.               Stock Option Grant for 100,000 shares of the Company’s common stock

 

a.               Subject to appointment to the Board and to Board approval, you will be granted a non-qualified option to purchase 100,000 shares of the Company’s common stock (the “Option”) under the Company’s Stock Plan (the “Plan”), as amended from time to time, at an exercise price per share equal to the fair market value of one share of the Company’s common stock on the date of the grant as determined by the Board.  The Option will be subject to the terms and conditions of the Plan and the standard stock option agreement provided pursuant to the Plan, which the Director will be required to sign as a condition of receiving the Option.

 

IntelePeer, Inc., 2855 Campus Drive, Suite 200, San Mateo, CA 94403  USA

Tel: 650.525.9200  Fax: 650.287.2628  Web: www.intelepeer.com

 

 

i.      Vesting:  The Option will vest over a four-year period from the effective date of the Agreement.  Immediately upon completion of twelve (12) months of continuous service on the Board, 25% of such Option will become vested.  Beginning with the thirteenth (13th) month of continuous service and for each subsequent month of continuous service on the Board, one forty-eighth (1/48th) of the Option will become vested.  On the fourth anniversary of the effective date, 100% of such Option will be fully vested.

 

ii.   Acceleration:  If during the term of your service, there occurs a Change of Control (as defined in the Stock Option Agreement) then 100% of the then unvested common shares subject to this Option shall then vest and become immediately exercisable.

 

2.               $35,000 Annual Cash Retainer

 

a.               Paid quarterly in advance

 

3.               Reimbursement of Expenses

 

a.               The Company will reimburse all reasonable travel, lodging and out-of-pocket expenses incurred by the Director in connection with service on the Board and related activities.

 

The Company’s Board of Directors will meet in person approximately eight (8) times per year in San Mateo, CA on the 1st and 3rd months of each quarter.  Post IPO, the board will meet four (4) times per year in San Mateo, CA on the 1st month of each quarter and conduct four (4) conference calls on the 3rd month of each quarter.

 

You will be elected for an initial one (1) year term and throughout your tenure as a Director, you will have the opportunity to become party to the Company’s Indemnification Agreement and D & O Liability Coverage for executive officers and directors.

 

We are excited at the prospect of having you join IntelePeer, Inc.’s Board of Directors and believe that your extensive experience will bring great value in the role of Independent Director and Chairman of the Audit Committee.

 

	
Sincerely,
    	
 
    
	
 
    	
 
    
	
/s/   Frank Fawzi
    	
 
    
	
 
    	
 
    
	
Frank   Fawzi
    	
 
    
	
Chairman &   CEO
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
Accepted   by:
    	
 
    
	
 
    	
 
    
	
/s/   Larry Irving
    	
 
    
	
 
    	
 
    
	
Larry   Irving / January 29, 2011

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