SEC Contract Filing

Filing Date: 2015-07-29

Document Content:
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<TYPE>EX-10.10
<SEQUENCE>16
<FILENAME>d89741dex1010.htm
<DESCRIPTION>EX-10.10
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<TITLE>EX-10.10</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.10 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ViewRay Incorporated </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Two Thermo Fisher Way </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Village of Oakwood, Ohio 44146 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">October&nbsp;13, 2010 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Dear David: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We are pleased to extend you this offer to serve as Chief Financial Officer of ViewRay Incorporated (the &#147;<U>Company</U>&#148;). This
offer may be accepted by countersigning where indicated at the end of this letter. Your employment with the Company shall be effective as of November&nbsp;11, 2010 (the &#147;<U>Start Date</U>&#148;). </P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">1.</TD>
<TD ALIGN="left" VALIGN="top"><U>Duties and Extent of Service</U> </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As Chief Financial Officer of the Company, you will have
responsibility for performing those duties as are customary for, and are consistent with, such position, as well as those duties as the Company&#146;s Board of Directors (the &#147;<U>Board</U>&#148;) or Chief Executive Officer may from time to time
designate. You agree to abide by the rules, regulations, instructions, personnel practices and policies of the Company and any changes therein that may be adopted from time to time by the Company. Except for vacations and absences due to temporary
illness, you will be expected to devote your full time and effort to the business and affairs of the Company and shall not, during your employment by the Company, without the prior written approval of the Board, be employed by or otherwise engaged
in any other business activity requiring any of your time, except as expressly set forth on <U>Annex A</U> hereto. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Company is
currently located in Village of Oakwood, Ohio. The Company acknowledges that your primary residence is in Bellevue, Washington. You shall not be required to relocate your primary residence or your family to the greater Cleveland, Ohio area. As we
have discussed and mutually agreed, a significant portion of your work as Chief Financial Officer of the Company is expected to be performed out of the Company&#146;s office in Village of Oakwood, Ohio (or such other location in the greater
Cleveland, Ohio area as the Company may from time to time utilize as its principal offices) (the &#147;<U>Principal Office</U>&#148;). You may perform a significant portion of your work from a remote (or home) office; <U>provided</U>, that such
remote (or home) working arrangement does not adversely affect your ability to perform your duties as Chief Financial Officer of the Company (as reasonably determined by the Board, without your vote if you are a member of the Board at such time). As
we have further discussed and agreed, you will be expected to work out of the Principal Office for a period of at least eight days per month in the aggregate (such days to be determined by the Board or Chief Executive Officer); <U>provided</U>,
that, (i)&nbsp;for every week of vacation taken per month, such eight day period shall be reduced by two days and (ii)&nbsp;for vacation days taken in any month that do not amount to one week in the aggregate, such required eight day period shall be
reduced ratably. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">1 </P>

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<TD WIDTH="4%" VALIGN="top" ALIGN="left">2.</TD>
<TD ALIGN="left" VALIGN="top"><U>Compensation</U> </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In consideration of your employment with the Company, the Company will pay
you a base salary, payable in periodic installments in accordance with the Company&#146;s standard payroll practices, which annualizes to $200,000. You will be eligible for an annual bonus of up to 35% of your annual base salary which will be based
upon the achievement of certain milestones recommended by the Compensation Committee of the Board (the &#147;<U>Compensation Committee</U>&#148;) and approved by the Board; <U>provided</U>, that, any bonus for 2010 will be prorated, based on the
number of days that you are employed by the Company during 2010; and, <U>provided</U>, further, that such bonus shall not reflect the achievement by the Company of any milestones prior to the Start Date. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As additional consideration for your agr