SEC Contract Filing

Filing Date: 2021-09-02

Document Content:
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>2
<FILENAME>okta-7312021_ex103.htm
<DESCRIPTION>EX-10.3
<TEXT>
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<title>Document</title></head><body><div id="i9abb2a043ed04abb9fa7cdab8b922394_1"></div><div style="min-height:72pt;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Exhibit 10.3</font></div></div><div><img alt="image_0a.jpg" src="image_0a.jpg" style="height:32px;margin-bottom:5pt;vertical-align:text-bottom;width:96px"></div><div><font><br></font></div><div><font style="color:#5d5d5d;font-family:'Verdana',sans-serif;font-size:9pt;font-weight:400;line-height:120%">100 First St.</font></div><div><font style="color:#5d5d5d;font-family:'Verdana',sans-serif;font-size:9pt;font-weight:400;line-height:120%">6</font><font style="color:#5d5d5d;font-family:'Verdana',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">th</font><font style="color:#5d5d5d;font-family:'Verdana',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> Floor</font></div><div><font style="color:#5d5d5d;font-family:'Verdana',sans-serif;font-size:9pt;font-weight:400;line-height:120%">San Francisco, CA 94105</font></div><div><font style="color:#5d5d5d;font-family:'Verdana',sans-serif;font-size:9pt;font-weight:400;line-height:120%">888-722-7871</font></div><div><font style="color:#5d5d5d;font-family:'Verdana',sans-serif;font-size:9pt;font-weight:400;line-height:120%">okta.com</font></div><div style="padding-right:56.7pt;text-align:justify"><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:14pt;font-weight:700;line-height:120%"><br></font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">May 24, 2021</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%;text-decoration:underline">PERSONAL AND CONFIDENTIAL</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Mike Kourey</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Re&#58;&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%;text-decoration:underline">Transitional Advisory Agreement and Release</font></div><div><font><br></font></div><div style="margin-bottom:12pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Dear Mike&#58;</font></div><div style="margin-bottom:12pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">This letter confirms our previous discussions concerning your employment with Okta, Inc. (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;text-decoration:underline">Company</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#8221;). This letter also proposes an agreement (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;text-decoration:underline">Agreement</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#8221;) between you and the Company regarding the terms of your parting ways with the Company. Whether or not you sign this Agreement, the Company will provide you with all compensation due to you on your last day of employment, but the Agreement the Company hereby proposes would provide you with additional compensation to which you are not otherwise entitled.</font></div><div style="margin-bottom:12pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">It is customary in separation agreements for an employee to release the Company from any possible claims, even if the Company believes, as is the case here, that no such claims exist. By proposing and entering into this Agreement, the Company is not admitting in any way that it violated any legal obligation that it owed to you. </font></div><div style="margin-bottom:12pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">The Agreement is set forth on the following pages. If you agree to this Agreement, please return original, signed copies of each agreement to me by May 24, 2021. After receiving an executed version from you, a company representative will sign on behalf of the Company and you will receive a set of documents signed by both parties. </font></div><div style="margin-bottom:12pt"><font><br></font></div><div style="margin-bottom:12pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Sincerely,</font></div><div style="margin-bottom:12pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#47;s&#47; Kristina Johnson</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:125%">Kristina Johnson</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weig