SEC Contract Filing

Filing Date: 2018-08-29

Document Content:
<DOCUMENT>
<TYPE>EX-10.32
<SEQUENCE>3
<FILENAME>a1033chriswhiteemploymento.htm
<DESCRIPTION>EXHIBIT 10.32
<TEXT>
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<div><a name="s1D2FCEF6145741EA9A7F786117654233"></a></div><div><div style="line-height:100%;text-align:left;"><img src="logoa10ex.jpg" alt="logoa10ex.jpg" style="height:72px;width:129px;"></div></div><div><br></div><div style="line-height:144%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Exhibit&#160;10.33</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><br></font></div><div style="line-height:120%;padding-top:6px;text-align:justify;padding-left:34px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">December 15, 2017</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%;padding-top:13px;text-align:justify;padding-left:34px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Christopher White</font></div><div style="line-height:132%;text-align:justify;padding-left:34px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">906 Alder Place</font></div><div style="line-height:132%;text-align:justify;padding-left:34px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Newport Beach, CA 92660</font></div><div style="line-height:120%;text-align:left;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;padding-top:12px;text-align:justify;padding-left:34px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Dear Chris,</font></div><div style="line-height:120%;padding-top:1px;text-align:left;font-size:9.5pt;"><font style="font-family:inherit;font-size:9.5pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:34px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">I am pleased to confirm the offer for you to join A10 Networks (the &#8220;Company&#8221;), in the position of Executive Vice President Worldwide Sales at our Corporate Headquarters located in San Jose, CA. This is a full time, regular position, reporting to Lee Chen, CEO. The terms of our offer and the benefits currently provided by the Company are as follows:</font></div><div style="line-height:120%;padding-top:1px;text-align:left;font-size:9.5pt;"><font style="font-family:inherit;font-size:9.5pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:34px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">Total Target Cash Compensation.</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#32;&#32;</font><font style="font-family:inherit;font-size:10pt;">Your 2018 annual total target cash compensation will be $630,000 distributed sixty percent (60%) base salary and forty percent (40%) incentive. Effective January 1, 2019, your total target cash compensation will be distributed fifty percent (50%) base salary and fifty percent (50%) incentive.</font></div><div style="line-height:120%;text-align:justify;padding-left:34px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:34px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">Salary.</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#32;</font><font style="font-family:inherit;font-size:10pt;">Your starting base salary will be at a rate of $378,000 per year subject to annual review, less applicable taxes and other withholdings in accordance with the Company&#8217;s normal payroll schedule.</font></div><div style="line-height:120%;padding-top:1px;text-align:left;font-size:9.5pt;"><font style="font-family:inherit;font-size:9.5pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:34px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">Incentive.</font><font style="font-family:inherit;font-size:10pt;">&#32;You will be eligible to receive an annual performance based bonus target of $252,000, paid in accordance with the A10 Executive Cash Incentive Plan. </font></div><div style="line-height:120%;text-align:justify;padding-left:34px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:34px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">Sign-on Bonus.</font><font style="font-family:inherit;font-size:10pt;">&#32;&#32;You are also eligible to receive a sign-on bonus in the amount of $75,000 less statutory taxes; federal, state and employment upon commencement of employment, provided you agree to repay this amount to the Company should you voluntarily terminate your employment within one year. </font></div><div style="line-height:120%;text-align:justify;padding-left:34px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:34px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">Restricted Stock Grant</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">. </font><font style="font-fami