SEC Contract Filing

Filing Date: 2020-10-08

Document Content:
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<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>veri-ex102_7.htm
<DESCRIPTION>EX-10.2
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<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Exhibit 10.2</p>
<p style="text-align:center;margin-bottom:9pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:11pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"><a name="_cp_text_1_59"></a><a name="_cp_text_1_63"></a><a name="_cp_text_1_67"></a><a name="_cp_text_1_71"></a><a name="_cp_text_1_79"></a><a name="_cp_text_1_83"></a><a name="_cp_text_1_87"></a><font style="text-decoration:underline;">EMPLOYMENT AGREEMENT</font></p>
<p style="text-align:justify;margin-bottom:9pt;margin-top:0pt;text-indent:7.69%;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">THIS EMPLOYMENT AGREEMENT<font style="font-weight:bold;"> </font>(the &#8220;<font style="text-decoration:underline;">Agreement</font>&#8221;) is entered into as of October 6, 2020, by and between Veritone, Inc., a Delaware corporation (the &#8220;<font style="text-decoration:underline;">Company</font>&#8221;) and Michael L. Zemetra (&#8220;<font style="text-decoration:underline;">Executive</font>&#8221;).&nbsp;&nbsp;Certain capitalized terms used in this Agreement are defined in Section 24 below.</p>
<p style="text-align:justify;margin-bottom:9pt;margin-top:0pt;text-indent:7.69%;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">WHEREAS, the Company desires to retain the services of Executive, Executive desires to provide services to the Company, and the Company and Executive mutually desire to enter into an agreement containing the terms and conditions pursuant to which the Company will employ Executive from and after the Start Date (as defined in Section 1 below).</p>
<p style="text-align:justify;margin-bottom:9pt;margin-top:0pt;text-indent:7.69%;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">NOW, THEREFORE, in consideration of the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:</p>
<p style="text-align:justify;margin-top:0pt;margin-bottom:9pt;text-indent:7.69%;color:#000000;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:none;">1.</font><font style="text-decoration:none;margin-left:36pt;"></font><font style="text-decoration:underline;color:#000000;">Employment</font><font style="text-decoration:none;color:#000000;">.&nbsp;&nbsp;The Company shall employ Executive, and Executive hereby accepts such employment with the Company, upon the terms and conditions set forth in this Agreement for the period beginning on October 8, 2020 (the &#8220;</font><font style="text-decoration:underline;color:#000000;">Start Date</font><font style="text-decoration:none;color:#000000;">&#8221;) and ending as provided in Section 4 hereof (such period of employment hereunder referred to herein as the &#8220;</font><font style="text-decoration:underline;color:#000000;">Employment Period</font><font style="text-decoration:none;color:#000000;">&#8221;).</font></p>
<p style="text-align:justify;margin-top:0pt;margin-bottom:9pt;text-indent:7.69%;color:#000000;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:none;">2.</font><font style="text-decoration:none;margin-left:36pt;"></font><font style="text-decoration:underline;color:#000000;">Position and Duties.</font></p>
<p style="text-align:justify;margin-bottom:9pt;margin-top:0pt;text-indent:15.38%;color:#000000;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_AEIOULastRenderedPageBreakAEIOU2"></a>(a)<font style="margin-left:36pt;"></font><font style="color:#000000;">During the Employment Period, Executive shall be employed by the Company as its Executive Vice President, Chief Financial Officer and Treasurer, reporting directly to the Company&#8217;s Chief Executive Officer. Executive shall have such duties, responsibilities and powers as are customary for an individual holding the positions of Chief Financial Officer and Treasurer of a publicly-listed company of comparable size. Executive shall faithfully and diligently perform such duties of said office as well as such other lawful related duties of an executive nature as may be reasonably and lawfully requested by the Company&#8217;s Chief Executive Officer from time to time. Without limiting the generality of the foregoing, Executive&#8217;s duties and authority shall include: (a)&#160;oversight of all accounting, tax, finance, cash management and investor relation functions, and (b) providing strategic input in formulation of the Company&#8217;s annual operating plans and any mergers, acquisitions and other strategic transactions undertaken by the Company; provided, however, nothing contained herein shall prohibit Executive from engaging in (i)&#160;charitable, civic and industry work, (ii)&#160;occasional lectures and teaching at educational, civic and/or charitable institutes, (iii)&#160;subject to pre-approval&#160;in writing by the Corporate Governance and Nominating Committee of the Board of Directors of the Company (the &#8220;</font><font style="text-decoration:underline;color:#000000;">Board</fo