SEC Contract Filing

Filing Date: 2019-02-13

Document Content:
<DOCUMENT>
<TYPE>EX-10.17
<SEQUENCE>4
<FILENAME>ecom20181231ex1017.htm
<DESCRIPTION>EXHIBIT 10.17
<TEXT>
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<div><a name="s65C381C5830BCD7F1E6FAE38A0440138"></a></div><div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Exhibit 10.17</font></div><div style="line-height:120%;text-align:right;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">AMENDMENT TO EXECUTIVE SEVERANCE </font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">AND CHANGE IN CONTROL LETTER AGREEMENT </font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;background-color:#ffffff;">Dear Diana:</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;background-color:#ffffff;">This Amendment to Executive Severance and Change in Control Letter Agreement (the &#8220;</font><font style="font-family:inherit;font-size:12pt;background-color:#ffffff;font-weight:bold;">Amendment</font><font style="font-family:inherit;font-size:12pt;background-color:#ffffff;">&#8221;) to is made and entered into effective as of December 31, 2018 (the &#8220;</font><font style="font-family:inherit;font-size:12pt;background-color:#ffffff;font-weight:bold;">Amendment Effective Date</font><font style="font-family:inherit;font-size:12pt;background-color:#ffffff;">&#8221;) by and between ChannelAdvisor Corporation (&#8220;</font><font style="font-family:inherit;font-size:12pt;background-color:#ffffff;font-weight:bold;">ChannelAdvisor</font><font style="font-family:inherit;font-size:12pt;background-color:#ffffff;">&#8221;) and Diana Semel Allen (&#8220;</font><font style="font-family:inherit;font-size:12pt;background-color:#ffffff;font-weight:bold;">You</font><font style="font-family:inherit;font-size:12pt;background-color:#ffffff;">&#8221;). This Agreement amends the Executive Severance and Change in Control Letter Agreement between You and ChannelAdvisor dated December 17, 2014 (the &#8220;</font><font style="font-family:inherit;font-size:12pt;background-color:#ffffff;font-weight:bold;">Agreement</font><font style="font-family:inherit;font-size:12pt;background-color:#ffffff;">&#8221;) effective as of the Amendment Effective Date. Except as expressly provided in this Amendment, the Agreement, as amended by this Amendment, remains in full force and effect. All capitalized terms not defined in this Amendment have the meaning stated in the Agreement.</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;background-color:#ffffff;">Section 3 of the Agreement is hereby amended and restated to read as follows: </font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">&#8220;3.&#160;&#160;&#160;&#160;Change in Control with No Termination</font></div><div style="line-height:120%;padding-top:6px;text-align:justify;padding-left:49px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;background-color:#ffffff;">If there is a Change in Control and Your employment has not been terminated for any reason as of the first anniversary of the Change in Control, then You shall receive one (1)&#160;year of acceleration of vesting of all Your Awards that were granted before the Amendment Effective Date and are unvested as of the first anniversary of the Change in Control, with the additional vesting being credited on the first anniversary of the Change in Control.&#8221;</font></div><div style="line-height:120%;padding-top:6px;text-align:left;padding-left:49px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;padding-left:336px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Sincerely,</font></div><div style="line-height:120%;padding-bottom:48px;text-align:justify;padding-left:336px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">CHANNELADVISOR CORPORATION</font></div><div style="line-height:120%;text-align:justify;padding-left:336px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">/s/ David J. Spitz&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:justify;padding-left:336px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">David J. Spitz</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;padding-left:336px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Chief Executive Officer</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Accepted and agreed to by:</font></div>