SEC Contract Filing

Filing Date: 2017-04-28

Document Content:
<DOCUMENT>
<TYPE>EX-10.17
<SEQUENCE>2
<FILENAME>dereknewellofferletteranda.htm
<DESCRIPTION>EXHIBIT 10.17
<TEXT>
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<div><a name="s232afa3d36754d44adc781f74fae1069"></a></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></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%;padding-top:0px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-top:6px;text-align:center;padding-left:285px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">C</font><font style="font-family:inherit;font-size:9pt;font-weight:bold;">ASTLIGHT </font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">H</font><font style="font-family:inherit;font-size:9pt;font-weight:bold;">EALTH</font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">, I</font><font style="font-family:inherit;font-size:9pt;font-weight:bold;">NC</font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">.</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%;padding-top:14px;text-align:center;padding-left:285px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">January 3, 2017</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%;padding-top:0px;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;padding-left:80px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Derek Newell </font></div><div style="line-height:120%;text-align:left;padding-left:80px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">96 Hiller Drive</font></div><div style="line-height:120%;text-align:left;padding-left:80px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Oakland, California 94618 </font></div><div style="line-height:120%;text-align:left;padding-left:80px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:80px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Dear Derek:</font></div><div style="line-height:120%;padding-top:0px;text-align:justify;padding-left:80px;text-indent:46px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Castlight Health, Inc. (the &#8220;</font><font style="font-family:inherit;font-size:11pt;font-style:italic;font-weight:bold;">Company</font><font style="font-family:inherit;font-size:11pt;">&#8221;) is pleased to offer you employment on the terms set forth below. This employment offer is contingent on the closing (the &#8220;</font><font style="font-family:inherit;font-size:11pt;font-style:italic;font-weight:bold;">Closing</font><font style="font-family:inherit;font-size:11pt;">&#8221;) of the Company&#8217;s acquisition of Jiff, Inc. (&#8220;</font><font style="font-family:inherit;font-size:11pt;font-style:italic;font-weight:bold;">Target</font><font style="font-family:inherit;font-size:11pt;">&#8221; and such acquisition, the &#8220;</font><font style="font-family:inherit;font-size:11pt;font-style:italic;font-weight:bold;">Transaction</font><font style="font-family:inherit;font-size:11pt;">&#8221;) pursuant to an Agreement and Plan of Merger expected to be entered into on or about January 4, 2017 by and among the Company, Target and certain other parties (the &#8220;</font><font style="font-family:inherit;font-size:11pt;font-style:italic;font-weight:bold;">Merger Agreement</font><font style="font-family:inherit;font-size:11pt;">&#8221;). Subject to your satisfying the conditions set forth below, your employment will be effective and commence as of the Closing. If the Transaction is not consummated for any reason (or the Merger Agreement is terminated in accordance with its terms), this offer will immediately and automatically be withdrawn and be of no further force or effect.</font></div><div style="line-height:120%;padding-top:0px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-left:80px;text-align:justify;text-indent:48px;"><font style="text-align:justify;font-family:inherit;font-size:10pt;padding-right:16px;">1.</font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Position</font><font style="font-family:inherit;font-size:11pt;">. Your title will be President, and you will have responsibility for Sales &amp; Marketing, Research &amp; Development and Professional Services, as they are generally defined in the Company&#8217;s organizational structure as of the date of this Agreement. You will report to the Company&#8217;s Chief Executive Officer. This is a full-time position. While you render services to the Company, you will not engage in any other employment, consulting or other business activity (whether full-time or part- time) that would create a conflict of interest with the Company or that is in any way competitive with the business or proposed business of the Company, nor will you assist any other person or organization in competing with the Company or in preparing to engage in competition with the business or proposed business of the Company. By signing this letter agreement, you confi