SEC Contract Filing

Filing Date: 2015-03-31

Document Content:
<DOCUMENT>
<TYPE>EX-10.7
<SEQUENCE>2
<FILENAME>tube-ex107_20141231174.htm
<DESCRIPTION>EX-10.7
<TEXT>
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<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Exhibit 10.7</p>
<p style="text-align:left;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="margin-bottom:0pt;text-align:center;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">TUBEMOGUL, INC.</p>
<p style="margin-bottom:0pt;text-align:center;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">February 27, 2014</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;"><a name="_DV_M2"></a>&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Mr. Paul Joachim</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">81 Eldridge Avenue</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Mill Valley, CA 94941</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_DV_M3"></a>Dear Paul:</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:15.38%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_DV_M5"></a>TubeMogul, Inc. (the &#8220;<font style="font-weight:bold;">Company</font><a name="_DV_C8"></a>&#8221;) is pleased to confirm the terms of your continuing employment with the Company described herein<a name="_DV_C9"></a>. <a name="_DV_M7"></a>This letter supersedes and restates your previous offer letter with the Company.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;color:#;letter-spacing:-0.15pt;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_DV_M9"></a>1.<font style="margin-left:0pt;"></font><font style="font-weight:bold;color:#000000;">&#160;&#160;Position.</font><font style="color:#000000;">&nbsp;&nbsp;Your title will be Chief Financial Officer, and you will repor<a name="_DV_M10"></a>t to <a name="_DV_M11"></a>the Company&#8217;s Chief Executive Officer<a name="_DV_M13"></a>.&nbsp;&nbsp;<a name="_DV_M14"></a>This is a full-time position.&nbsp;&nbsp;While you render services to the Company, you will not engage in any other employment, consulting or other business activity (whether full<strike>-</strike>time or part-time) that would create a conflict of interest with the Company.&nbsp;&nbsp;By signing this letter agreement, you confirm to the Company that you have no contractual commitments or other legal obligations that would prohibit you from performing your duties for the Company.</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;color:#;letter-spacing:-0.15pt;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_DV_M15"></a>2.<font style="margin-left:0pt;"></font><font style="font-weight:bold;color:#000000;">&#160;&#160;Salary</font><font style="color:#000000;">.&nbsp;&nbsp;The Company will pay you a salary at the rate of $275,000 per year payable in accordance with the Company&#8217;s standard payroll schedule.&nbsp;&nbsp;This salary will be subject to adjustment pursuant to the Company&#8217;s employee compensation policies in effect from time to time.</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;color:#;letter-spacing:-0.15pt;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_DV_M16"></a>3.<font style="margin-left:0pt;"></font><font style="font-weight:bold;color:#000000;">&#160;&#160;Cash Incentive Compensation. </font><font style="color:#000000;"> Additionally you shall be eligible for $75,000 in additional cash compensation based upon the Company&#8217;s achievement of yearly objectives, to be determined by the Chief Executive Officer. The cash incentive shall be 75% based upon achieving financial objectives and 25% based upon achieving non-financial objectives.&nbsp;&nbsp;</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;color:#;letter-spacing:-0.15pt;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_DV_M20"></a>4.<font style="margin-left:0pt;"></font><font style="font-weight:bold;color:#000000;">&#160;&#160;Business Expenses.</font><font style="color:#000000;">&nbsp;&nbsp;The Company will reimburse you for your necessary and reasonable business expenses incurred in connection with your duties hereunder upon presentation of an itemized account and appropriate supporting documentation, all in accordance with the Company&#8217;s generally applicable policies.</font></p>
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