SEC Contract Filing

Filing Date: 2023-06-28

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<TYPE>EX-10.2
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<DESCRIPTION>EX-10.2
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.2 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">June&nbsp;27, 2023 </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Joel D. Becker </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>via email </I></P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>Re:</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>Offer Letter and Employment Agreement </B></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Dear Joel: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">NeuroPace, Inc. (&#147;<B>NeuroPace</B>&#148; or the
&#147;<B>Company</B>&#148;) is pleased to offer you the position of President and Chief Executive Officer (&#147;<B>CEO&#148;)</B> pursuant to the terms set forth in this offer letter agreement (the &#147;<B>Agreement</B>&#148;). Capitalized terms
will have the definitions and meanings set forth herein. The terms of your new position with the Company are as set forth below: </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>1.
E<SMALL>MPLOYMENT</SMALL> B<SMALL>Y</SMALL> T<SMALL>HE</SMALL> C<SMALL>OMPANY</SMALL>. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman"><B>(a) Position.</B> You will serve as the
Company&#146;s President and Chief Executive Officer. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman"><B>(b) Duties.</B> You will perform those duties and responsibilities as are
customary for the position of President and Chief Executive Officer and as may be directed by the Board of Directors, to whom you will report. You will also be appointed to the Board of Directors. <B></B> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman"><B>(c) Location. </B>You will work a minimum of three (3)&nbsp;days per week out of the Company&#146;s offices in Mountain View, California (or
traveling on Company business) and the other days remotely from your home, both locations of which will be considered your primary places of employment. Notwithstanding the foregoing, the Company reserves the right to reasonably require you to
perform your duties at places other than your primary places of employment from time to time, and to require reasonable business travel.<B> </B> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman"><B>(d) Start Date. </B>If you find the terms of this letter agreeable, you will commence this new position with the Company on a mutually
agreed upon date no later than July&nbsp;10, 2023.<B> </B> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman"><B>(e) Proof of Right to Work. </B>For purposes of federal immigration law, you
will be required to provide to the Company documentary evidence of your identity and eligibility for employment in the United States. Such documentation must be provided within three (3)&nbsp;business days of your date of hire. <B></B> </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman"><B>(f) Outside Activities.</B> Throughout your employment with the Company, you may engage
in civic and <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">not-for-profit</FONT></FONT> activities so long as such activities do not interfere with the performance of your duties hereunder or present a conflict of interest with
the Company. During your employment by the Company, except on behalf of the Company, you will not directly or indirectly serve as an officer, director, stockholder, employee, partner, proprietor, investor, joint venturer, associate, representative
or consultant of any other person, corporation, firm, partnership or other entity whatsoever known by you to compete with the Company (or is planning or preparing to compete with the Company), anywhere in the world, in any line of business engaged
in (or planned to be engaged in) by the Company; provided, however, that you may purchase or otherwise acquire up to (but not more than) one percent (1%) of any class of securities of any enterprise (but without participating in the activities of
such enterprise) if such securities are listed on any national or regional securities exchange.<B> </B> </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>2. C<SMALL>OMPENSATION</SMALL>
A<SMALL>ND</SMALL> B<SMALL>ENEFITS</SMALL>. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman"><B>(a) Base Salary.</B>