SEC Contract Filing

Filing Date: 2016-02-11

Document Content:
<DOCUMENT>
<TYPE>EX-10.28
<SEQUENCE>4
<FILENAME>exhibit1028letterfromebayi.htm
<DESCRIPTION>EXHIBIT 10.28
<TEXT>
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<a name="sb6339c810dab40dc928e20fa15113d00"></a><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><br><div style="line-height:120%;text-align:right;text-indent:576px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;&#32;&#32;&#32;&#32;&#32;</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Exhibit 10.28</font></div><div style="line-height:120%;text-indent:288px;font-size:10pt;"><img src="ebayinclogo.jpg" style="height:98px;width:308px;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Date of Preparation May 5, 2013</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">RE: </font><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">Secondment to the US</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Dear Tomer,</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">This letter of understanding and the enclosed IA Policy and Tax Equalization Policy contain important information concerning your anticipated international secondment with PayPal Israel (or the &#8220;Company&#8221;) to the USA (&#8220;the assignment&#8221;). Please review all documents carefully.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">This letter confirms the terms and conditions relating to your secondment by PayPal Israel to PayPal San Jose. During the period of your secondment, the terms and conditions of your original offer letter will remain applicable, unless expressly modified by the contents of this letter. At the end of your secondment to PayPal San Jose, the terms contained in this letter will cease to have effect and you will revert to the terms and conditions of the Offer Letter. </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">During the period of your secondment, you will perform the role of VP Risk Management for PayPal San Jose. Further during the course of your secondment, you will remain a VP Risk Management of PayPal Israel but your services will be temporarily seconded to PayPal San Jose. You will be based at the offices of PayPal San Jose at:</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">eBay San Jose</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2211 North First Street</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">San Jose, CA 95131</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Your point of origin will be Tel Aviv, Israel and your country of reference during your Assignment will be San Jose, CA. Your Assignment is contingent upon your obtaining the appropriate work permit or visa. Your assignment cannot commence, nor should you begin to relocate, until you have obtained all the required approvals to work in the new host location.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Secondment</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We anticipate your international secondment assignment to the USA will begin on or about May 1</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">st</sup></font><font style="fon