SEC Contract Filing

Filing Date: 2018-11-06

Document Content:
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<TYPE>EX-10.4
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<FILENAME>aray-ex104_118.htm
<DESCRIPTION>EX-10.4
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
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<p style="text-align:left;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:11pt;">&nbsp;</p>
<p style="text-align:left;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:11pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">August 14, 2018</p>
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<p style="text-align:left;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:11pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Shig Hamamatsu</p>
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<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:14pt;font-family:Arial;font-style:normal;text-transform:none;font-variant: normal;">Offer Letter</p>
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<p style="margin-bottom:8pt;margin-top:0pt;text-indent:0%;font-family:Arial;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Dear Shig,</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:11pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:11pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Accuray Incorporated (the &#8220;Company&#8221;) is pleased to extend this Offer Letter for you to assume the role of the Company&#8217;s Interim Chief Financial Officer in addition to your role as VP, Finance and Chief Accounting Officer.<font style="font-weight:bold;"> </font> The effective date of this interim role will be October 1, 2018 and during such time you will be reporting directly to the Company&#8217;s Chief Executive Officer.</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Arial;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The terms of this Offer Letter are as follows:</p>
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<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-family:Arial;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Arial;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1.</font></p></td>
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<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Arial;font-size:11pt;"><font style="font-weight:bold;font-style:italic;text-decoration:underline;">Compensation</font><font style="font-weight:bold;font-style:italic;">:</font> Solely during the period that you are the Company&#8217;s Interim Chief Financial Officer, you will receive additional annual base salary of $50,000, which shall be in addition to your current annual base salary of $325,000, paid in accordance with the Company&#8217;s regular payroll practices and subject to applicable withholdings.&nbsp;&nbsp;Employee salaries are currently paid on a bi-weekly payroll schedule, every other Friday.&nbsp;&nbsp;The Company reserves the right to change your compensation, hours, duties and benefits as it deems necessary.</p></td></tr></table></div>
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