SEC Contract Filing

Filing Date: 2015-08-06

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>2
<FILENAME>mrin-ex102_117.htm
<DESCRIPTION>EX-10.2
<TEXT>
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
<html>
<head>
<title>
mrin-ex102_117.htm
</title>
</head>
<!-- NG Converter v4.0.1.5 -->
<body>
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-family:Arial;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">Exhibit 10.2</p>
<p style="text-align:center;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Arial;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><img src="g20150806005622583616.jpg" title="" alt="" style="width:177px;height:85px;"></p>
<p style="text-align:right;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Arial;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">July 1, 2015</p>
<p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Arial;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Catriona M. Fallon</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Arial;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1500 Hudson Street, 2J</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Arial;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Hoboken, NJ 07030</p>
<p style="text-align:center;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Arial;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">Offer of Employment by Marin Software Incorporated</font></p>
<p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Arial;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Dear Catriona:</p>
<p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-family:Arial;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">I am very pleased to confirm our offer to you of employment with Marin Software Incorporated (the <font style="font-style:italic;">"</font><font style="font-weight:bold;font-style:italic;">Company</font><font style="font-style:italic;">") </font>in the position of Executive Vice President, Chief Financial Officer based in our San Francisco office. In this position you will report to David A. Yovanno, Chief Executive Officer. Your start date shall be on Monday, July 27, 2015. The terms of our offer and the benefits currently provided by the Company are as follows:</p>
<p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-family:Arial;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1. <font style="font-weight:bold;text-decoration:underline;">Starting Salary and Bonus Potential</font>. Your starting salary will be at the annualized rate of $325,000 USD per year (less normal payroll deductions and withholdings), and will be subject to review on an annual basis. In addition you will be eligible to receive variable bonus compensation equal to 50% of your base salary per year (less normal payroll deductions and withholdings). Based on a salary of $325,000, your annualized on target bonus potential would be $162,500 USD, for an annualized on target earnings of $487,500 USD. Your bonus potential will be based on achievement of corporate financial metrics and individual goals, as established and determined by the Compensation Committee and the CEO. You are eligible for bonus compensation for 2015, which shall be pro-rated for the portion of the fiscal year you are employed with the Company; provided that for 2015, your pro-rata bonus potential will be guaranteed based on achievement of at least 100% of your target bonus potential.</p>
<p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-family:Arial;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2. (a)<font style="font-weight:bold;"> </font><font style="font-weight:bold;text-decoration:underline;">Benefits</font>. You will be eligible to participate in regular health, vision and dental insurance, 401(k), and other employee benefit plans established by the Company for its employees from time to time. Comprehensive medical benefits go into effect on the first of every month. If your start date falls any time after the first of the month, your benefits will start on the first day of the following month. Except as expressly provided herein, the Company reserves the right to change or otherwise modify, in its sole discretion, the preceding terms of employment, as well as any of the terms set forth herein at any time in the future. We have a flexible time off policy, and employees do not accrue paid time off (PTO). Instead, you will submit time off requests for preapproval by your manager in his or her sole discretion. Typically, time off for US managers is approximately 15 days in the first full year of employment. In addition, we generally have nine regular Company holidays each calendar year. The Company also offers US employees a monthly commuting benefit for parking and mass transit expenses. Details regarding the benefit will be provided in new hire orientation.</p>
<p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:6.67%;font-family:Arial;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(b) <font style="font-weight:bold;text-decoration:underline;">Relocation Costs</font>. The Company will pay for your move of household goods from you current home to the San Francisco Bay area, not to exceed $40,000, based on receipts