SEC Contract Filing

Filing Date: 2025-02-03

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>exhibit102letteragreementn.htm
<DESCRIPTION>EX-10.2
<TEXT>
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<title>Document</title></head><body><div id="ib8f05f4fab2e43cfa651a49fd7d6fe5b_1"></div><div style="min-height:77.04pt;width:100%"><div style="margin-top:1pt;text-align:right"><font><br></font></div><div style="text-align:right"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Exhibit 10.2</font></div><div style="margin-top:1pt;text-align:center"><img alt="ncinologo.jpg" src="ncinologo.jpg" style="height:57px;margin-bottom:5pt;vertical-align:text-bottom;width:192px"></div></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:112%">February 1, 2025</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:112%">Mr. Pierre Naud&#233;</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:112%">6770 Parker Farm Drive</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:112%">Wilmington, NC 28405</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:112%">Dear Pierre&#58;</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:112%">On behalf of nCino, Inc. (the &#8220;Company&#8221;) and its Board of Directors (the &#8220;Board&#8221;), I want to thank you for your many years of service to the Company, during which you have demonstrated remarkable leadership and have made immeasurable contributions to the Company. We appreciate your willingness to provide continued support and expertise to the Company as Executive Chairman of the Board (&#8220;Executive Chairman&#8221;).</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:112%">This letter agreement (&#8220;Agreement&#8221;) supplements the terms of the Amended and Restated Employment Agreement by and between you and the Company, entered into and effective as of December 12, 2024 (the &#8220;Employment Agreement&#8221;), as follows&#58;</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:112%">Term. </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:112%">Your retirement as Chief Executive Officer will become effective upon the commencement of employment of your successor, which is expected to occur on or around</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:112%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:112%">February 1, 2025 (the &#8220;Transition Date&#8221;). Following the Transition Date, you agree to serve as Executive Chairman and an executive employee of the Company until the one-year anniversary of the Transition Date (the &#8220;Initial Term&#8221;)&#59; provided, however, that your service as Executive Chairman shall automatically renew for successive one-year periods (each a &#8220;Renewal Term,&#8221; and the Initial Term and each Renewal Term shall collectively be referred to as the &#8220;Service Period&#8221;) until terminated in accordance herewith, unless either you or the Company has given thirty (30) days&#8217; prior written notice to the other party of the intention not to extend your service for the applicable Renewal Term&#59; provided, further, your employment with the Company may be terminated for any reason prior to the expiration of the Service Period by the Company or by you. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:112%">In your role as Executive Chairman, you agree to provide transition and other related services to the Company to provide an effective transition of your executive responsibilities to the Company&#8217;s incoming Chief Executive Officer. In addition, you will also perform the duties normally assigned to an Executive Chairman of a publicly-traded corporation, which will include, but not be limited to, (i) chairing meetings of the Board and the Company&#8217;s stockholders, (ii) preparing the agenda for meetings of the Board in coordination with the Chief Executive Officer and members of the Board, (iii) consulting with and supporting the incoming Chief Executive Officer on the Company&#8217;s strategy, including short- and long-range planning activities and growth strategies, and (iv) assisting in communications with investors, analysts and public relations, as needed. As Executive Chairman, you shall report directly to the Board. You and the Company agree that based on the anticipated level of services that you will perform for the Company during the Service Period, you are not expected to experience a &#8220;separation from service&#8221; under Section 409A of the Internal Revenue Code of 1986, as amended, during the Service Period.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="height:88.56pt;position:relative;width:100%"><div style="bottom:0;p