Document:

exv10w16

 

			
	Michael Eisenberg Offer Letter
	 	EXHIBIT 10.16

[CELEBRATE EXPRESS LETTERHEAD]

April 24, 2007

Michael Eisenberg

<<address>>

<<address>>

<<address>>

Dear Michael,

I am pleased to extend an offer of employment with Celebrate Express, Inc. on the following terms
and conditions:

Position. You will be employed in the position of Vice President of Marketing for
Celebrate Express, Inc. In this position, you will be responsible for leading the direct and
online marketing efforts for Celebrate Express brands in accordance with defined procedures,
timelines, budgets, and goals. This will include leading strategic planning, policy development and
deployment, international business development and product development vision. Additionally this
includes developing annual marketing and service plans in support of organizational strategy and
objectives. The VP of Marketing is a member of the senior management team that is responsible for
setting the business strategy for the Company. On occasion, you will be expected to travel to
Greensboro North Carolina, and other locations as needed. You will also be expected to participate
in other special projects and related activities. You will report to the Company’s CEO.

Compensation. This is a full time exempt position. Your cash compensation will be
$6,730.77 payable every two weeks. There are 26 pay periods each year. We anticipate this is
equal to approximately $175,000 per year. In addition, you will be eligible for an annual bonus
opportunity of up to 20% of your annual salary based on the achievement of Company and individual
objectives each fiscal year which begins June 1 and ends May 31. For the first year, the weight of
the bonus opportunity shall be 75% on the Company achieving its financial objectives and 25% on
individual/department objectives payable in FQ1 following the close of the fiscal year, which is
May 31. Bonus objectives shall be documented in writing, and agreed upon by the CEO and you within
30 days of your employment start date. Future bonus opportunities shall be aligned with current
Company programs made available to all executives and as approved by the Board of Directors.

To assist with your relocation to Seattle, Celebrate Express will provide you with a one-time
signing bonus payable on the first payroll following 30 days of employment according to the payroll
schedule and procedures. Should you voluntarily end your employment within one year from your
start date, this bonus would be recoverable by the Company.

	 	 	 	 	 
	Targeted Annual Earnings [TAE]:	 	 	 	 
	Salary
	 	$	175,000	 
	Bonus at 100% of plan
	 	$	35,000	 
	Signing Bonus
	 	$	10,000	 
	 
	 	 	 
	TAE
	 	$	220,000	 

Celebrate Express believes employees should be able to participate in the ownership of the Company
through the Company’s Equity Incentive Plan. It is the responsibility of every
employee/stockholder to help the Company succeed in the market. A stock option in effect enables you to become a part owner
of the Company. As part of this offer letter we will propose to our Board of Directors that
you receive a stock option for 15,000 shares to be earned over a four-year period. In accordance
with the Plan, vesting will start as of the date set by the Board of Directors and the exercise
price will be the closing price of our common stock on the date the Board approves the option
grant.

 

 

Michael Eisenberg Offer Letter

Page 2 of 3

Employee Benefits. You will be entitled to the personal leave, holiday and other benefits
for employees. The company currently offers 10 paid holidays each year. As a Vice President,
personal leave hours will begin accruing upon the first date of your employment, accruing at the
rate of 20 days per year. This is equal to 1.66 personal leave days earned per month (20 days / 12
months = 1.66 days). The Company has a group medical policy, as a Vice President you will become
eligible to participate in that benefit the first day of the month following your date of
employment. At this time, the medical premiums are paid at the rate of approximately 80%/20% for
employees and 50%/50% for dependent coverage. This means the company will pay approximately 80% of
the cost of your medical/dental insurance and approximately 50% of the cost for eligible
dependents. The premiums are deducted via payroll deductions on a pre-tax basis.

As a Vice President, the company will provide a life insurance policy at 1.5 times annual salary,
with a maximum benefit of $300,000.

All other benefits will follow standard company benefits offered to all employees.

The Company will reimburse reasonable business expenses incurred by you on behalf of the Company,
subject to compliance with the Company’s policies regarding personal expense reports.

Proprietary Information Agreement. You will sign a Proprietary Information Agreement in
the Company’s standard form.

At Will Employment. You understand that your employment with the Company is at-will and
may be terminated by you or the Company at any time, without cause.

Arbitration Agreement. You will sign the Arbitration Agreement that is included with this
offer letter.

Covenant Not to Compete. You agree that for twelve months after termination from
employment with the Company, you will not directly or indirectly, whether as employee, officer,
director, independent contractor, consultant, financing source, agent, partner, member or
otherwise, engage in or have any interest in or enter into any relationship with any company,
business, or business activity which is a competitor or is in competition with the products and
services being developed, manufactured or sold by the Company in any geographic area in which the
Company markets or has marketed its products or services. A “competitor” means any Company or
business that derives five percent (5%) or more of its gross sales from the sale of
products/services in the party supply and Halloween and costume and girls special occasion apparel
markets, offered by Celebrate Express, Inc.

No Solicitation. You agree that for twelve months after termination of employment from
the Company, you will not directly or indirectly solicit, assist, advise, or induce any individual
or entity to end their relationship with Company or to enter into a relationship with any of
Company’s competitors.

Governing Law. This agreement will be governed by the laws of the State of Washington as
applied to contracts made and to be performed in Washington. If any provision of this agreement is
held to be unenforceable or invalid, the remainder of this agreement will nevertheless remain in
full force and effect.

Expiration to Offer. This offer of employment is valid through the close of business on
April 30, 2007. To indicate your acceptance, please return a signed copy of this letter to me by
that date. We anticipate your start date to be on May 14, 2007, or other mutually acceptable
date.

We are pleased to have you as part of the team. We believe in you and your abilities to assist us
with our expansion plans. Trust, loyalty, a strong focus on customer satisfaction and a commitment
to excellence summarizes our Company culture and values.

 

 

Michael Eisenberg Offer Letter

Page 3 of 3

On behalf of the team, welcome to Celebrate Express, Inc.

Best regards,

/s/ Kevin Green

Kevin Green

President and Chief Executive Officer

Acceptance:

I understand and voluntarily accept all the terms above without exception or reservation.

	 	 	 
	/s/ Michael Eisenberg

	 	May 14, 2007
	 

	 	 
	Signature

	 	Date

To accept, you may email a signed copy to                      or send to                     , a confidential fax.exv4w1

 

Exhibit 4.1

			
	Number	 	Shares

	SDBT	 	 

[SoundBite logo]

SOUNDBITE COMMUNICATIONS, INC.

Incorporated under the laws of the State of Delaware

			
	COMMON STOCK
	 	COMMON STOCK
	 	 	 
	 
	 	CUSIP [                    ]
	 
	 	SEE REVERSE SIDE FOR CERTAIN DEFINITIONS

This certifies that

is the owner of

FULLY
PAID AND NON-ASSESSABLE SHARES OF COMMON STOCK, $0.001 PAR VALUE PER SHARE, OF

SOUNDBITE COMMUNICATIONS, INC. (the “Corporation”), transferable on the books of the
Corporation by the holder hereof, in person or by duly authorized attorney, upon surrender of this
Certificate properly endorsed. This Certificate and the shares represented hereby are subject to
the laws of the State of Delaware and to the provisions of the Amended and Restated Certificate of
Incorporation and the Amended and Restated By-laws of the Corporation, and all the amendments from
time to time made thereto. This Certificate is not valid until countersigned and registered by the
Transfer Agent and Registrar.

WITNESS the facsimile seal of the Corporation and facsimile signatures of its duly authorized
officers.

Dated:

	 	 	 	 	 	 	 
	/s/ Peter Shields	 	[Seal]	 	/s/ Christopher Hemme
	Director, President and Chief Executive Officer	 	 	 	Vice President, Finance, Treasurer and Secretary
	 
	 	 	 	 	 	 
	Countersigned and Registered:	 	 	 	 
	 
	 	 	 	 	 	 
	[                              ]	 	 	 	 
	 
	 	 	 	 	 	 
	Transfer Agent and Registrar	 	 	 	 
	 
	 	 	 	 	 	 
	By:
	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	Authorized Signature	 	 	 	 

 

 

Exhibit 4.1

SOUNDBITE COMMUNICATIONS, INC.

     The Corporation has more than one class of stock authorized to be issued. The
Corporation will furnish without charge to each stockholder who so requests in writing, a copy of
the powers, designations, preferences and relative, participating, optional or other special rights
of each class of stock or series thereof and the qualifications, limitations or restrictions of
such preferences and/or rights. Any such requests may be addressed to the Secretary of the
Corporation at the principal office of the Corporation.

     The following abbreviations, when used in the inscription on the face of this Certificate,
shall be construed as though they were written out in full according to applicable laws or
regulations:

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	TEN COM

	 	-
	 	as tenants in common
	 	UNIF GIFT MIN ACT
	 	-
	 	 	 	Custodian	 	 
	 

	 	 	 	 	 	 	 	 	 	 
	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	(Cust)
	 	 	 	(Minor)
	TEN ENT	 	-	 	as tenants by the entireties	 	 	 	 	 	under Uniform Gifts to Minors Act	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	JT TEN

	 	-
	 	as joint tenants with right of
survivorship and not as
tenants in common
	 	 	 	 	 	 	 	 	 	(State)

Additional abbreviations may also be used though not in the above list.

For value received,                                          hereby sell(s), assign(s) and transfer(s) unto

PLEASE INSERT SOCIAL SECURITY OR OTHER

IDENTIFYING NUMBER OF ASSIGNEE

 

      

	 	 	 
	 
	(PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE)

	 
	 	 
	 
	 	 
	 
	 
	 	 
	 
	 
	 	 
	 

	 	Shares
	 
	 	 

of the Common Stock represented by the within Certificate, and do(es) hereby irrevocably constitute
and appoint                     
                    
                    
                    
                    
                    
Attorney to transfer the said Shares on the books of the
within-named Corporation with full power of substitution in the premises.

	 	 	 	 	 
	Dated
	 	 	 	 
	 

	 	 
	 	 
	 

	 	 	 	Signature
	 
	 	 	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	 	 	THE SIGNATURE(S) TO THIS ASSIGNMENT MUST
CORRESPOND WITH THE NAME AS WRITTEN UPON THE
FACE OF THE CERTIFICATE IN EVERY PARTICULAR
WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE
WHATSOEVER.
	 
	 	 	 	 
	 

	 	 	 	SIGNATURE(S) MUST BE GUARANTEED BY AN ELIGIBLE
GUARANTOR INSTITUTION (BANKS, STOCKBROKERS,
SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS
WITH MEMBERSHIP IN AN APPROVED SIGNATURE
GUARANTEE MEDALLION PROGRAM), PURSUANT TO
S.E.C. RULE 17Ad-15
	 
	 	 	 	 
	Signature Guaranteed:

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